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2020-12-31-accounts

The Rt Revd lames Newcome 5(71%)
The Ven Richard Pratt 6(8696)
The Ven Vernon Ross 7(10096)
The Ven Lee Townend 6(86%)
Mr Derek Bradley 6(8696)
Miss Janet Busk 7(100%)
Mr Rob Cook 7(100%)
Mr David Dalgoutte 7(100%)
Mr John Edwards 7 (1OOX)
Mr Jim Johnson 7(100')
Mrs Susan Wigley 7(1am)

Unrestrkted funds Restricted Endowmera Total funds
Designated Funds Funds 2020 2019
Note E'000 E'000 E'000 E'OM E'000 E'000
Income and endowments from
Donations
Parish contributions 4,406 4,406 4,711
Archbishop's
Council		 757 117 874 1,022
Other donations 179 19 19 217 202
Charitable
activities
Fees5chaplaincy income 437 2 452 520
Rydal Hall 15 466 466 1,015
Sales ofgoods 5services 3 2 140 142 212
Other activities 4 361 361 301
Investments 5 944 52 389 4 1,389 1,315
Other sources 6 160 227 283 41 711 534
Total 7,246 821 45 9,018 9,832
Expenditure
on
Raising funds 13 147 139
Charitable
activities
Resourcing
ministry L		 mission 8 6,273 228 6,809 7,420
Education 9 246 33 279 319
Rydal Hall 15 31 813 844 1,012
Other purposes 10 34
Total 12 6,684 1,121 8,113 S,890
Net income/(expenditure)
before investment lpdns (215) 513 45
Net gains/(losses)
on investments		 736 1,088 2,349
Net income/(expenditure) (96) 725 781 1,993 3,291
Trarlfers between funds 23 (416) 105 (166)
Other recognised gains/(losses)
Gains/(losses)
on revaluation of
fixed assets
Actuarial gains/(losses) on
defined benefit pension schemes (23) (23) 944
Net movement
in funds		 1,970 4+35
Total funds brought forward 2,136 1,785 20,178 55,131 79,230 74,995
Total funds carried forward 2,280 2,166 21,008 55,746 81,200 79,230

Unrestrkted funds Restrkted Endowment Total funds
General Designated Funds Funds 2020 2019
Note f'000 f'000 f'000 f000 f'000 f'000
Income and endowments from
Donations
Parish contributions 4,406 4,406 4,711
Archbishop's
Council		 757 117 874 1,022
Other donations 179 19 200 194
Charitable
activities
Fees &chaplaincy income 437 450 510
Rydal Hall 15 68 68 68
Sales ofgoods &servkes 3 2 36 38 212
Other activities 4 361 361 301
Investments 5 944 52 389 4 1,389 1,314
Other 6 160 40 283 41 524 534
Total 7,314 821 45 8,310 8,866
ExpencSture on
Raising funds 7 134 147 139
Charitable
activities
Resourcing
ministry &mission		 8 6,362 228 6,758 7,427
Education 9 246 33 279 319
Rydal Hall 15 31 31 31
Other 10 34
Total 6,773 7,249 7,916
Net income/(expenditure)
before Investnumt ipdns (38) 45 1,061 950
Net gains/(losses)
on investments		 21 736 1,088 2,341
Net income/(expenditure} 81 725 781 2,149 3,291
Transfers between funds (395) 456 105 (166)
Other recognised gains/(losses)
Gains/(losses)
on revaluation		 of
fixed assets
Actuarial gains/(losses} on
defined benefit pension schemes (23) (23) 944
Net movemesrt
in funds		 537 2,126 4~5
Total funds brought forward 2,136 20,178 55,131 79,245 75,010
Total funds carried forward 2,280 2,337 21,008 55,746 81,371 79,245
Total Total
2020 2019
E'000 E'000
Total income per reconciliation below 9,369 9,989
Resources expended
per reconciliation		 below (8,363) (10,072)
Operating
surplus for		 the year 1,006 (83)
Interest receivable 20 19
Net gains/(fosses)
on		 investments 352 1,036
Net income forthe year 1,378 972
Revaluation offixed assets
Actuarial gains/(fosses) on defined benefit pension schemes (23)
Total comprehensive income for the year 1,355 1,916
Recondifatfon ofSummary
Income and		 Expenditure to SOFA Expenditure to SOFA Total Total
2020 2019
E'000 E'000
Total incoming resources per SOFA 9,018 9,832
Less:interest receivable (20) (19)
total endowment
additions		 (45) (271)
Add: endowment
capital transferred to income		 funds 416 447
Total Income per above 9,369 9,989
Resources expended
per SOFA		 8,113 8,890
Less:expenditure
charged to endowment		 capital
Add: income funds reclassified as endowment capital 250 1,182
Total expenditure
per above		 8,363 10,072
Company
Number -39625		 Company
Number -39625
E'000
FIXEDASSEIS
Tangible assets 24 42,276 43,376
investments 25 37,488 35,389
79,764 78,765
CURRENT ASSETS
Stock 5 9
Debtors 26 3,050 1,977
Cash on deposit 27 2,845 2,688
Cash at bank and in hand 1,051 533
6,951 5,207
CREDITORS: amounts falling due within one
year 28 (5,151) (4,022)
NET CURRENT ASSETS 1,800 1,185
TOTAL.ASSETSLESSCURRENT UABIUTIES 81,564 79,950
CREDITORS: amounts falling due after more
than one year
Pension scheme liabilities 29 (64) (320)
Other creditors 29 (300) (400)
(364) P20)
81,200 79,230
FUNDS
Endowment
funds
(lnduding
investment		 revaluation reserve off32,851,000
(2019:f32,116,000) 55,746 55,131
Restricted income funds
(lnduding
investment
(2019:f6,516,000)		 revaluation reserve off6,741,000 21,008 20,178
Unrestrkted
income funds:
General funds (lnduding revaluation reserve off596,000
(2019:f574,000)
Designated
funds (lnduding
(2019:f626,000)		 revaluation reserve off744,000 2,280
2,166		 2,136
1,785
TOTAL FUNOS 30&31 81,200 79,230

ompany
Number -3		 96 25
f'000 E'000
FIXEDASSETS
Tangible assets 24 42,178 43,304
investments 25 37,48S 35,3S9
78,693
CURRENT ASSETS
Debtors 26 2,997 1,940
Subsidiary
companies		 485 232
Cash on deposit 27 2,806 2,550
Cash at bank and in hand 756 415
7,044 5,137
CREDITORS: amounts falling due within one
year (4,975) (3,865)
NET CURRENT ASSETS 2,069 1,272
TOTAL ASSETSLESS CURRENT UABIUTIES 81,735
CREDITORS: amounts falling due after more
than one year
Pension scheme liabilities 29 (64) (320)
Other creditors 29 (300) (400)
(364) (720)
81,371 79,245
FUNDS
Endowment
funds
(Including
Investment
{2019:f32,116,000)		 revaluation reserve ofE32+51,000 55,746 55,131
Restrkted income funds
(Including
investment		 revaluation reserve ofE6,741,000
(2019:66,516,000) 21,008 20,178
Unrestricted
Income funds:
General funds (Induding
revaluation
reserve of
{2019:f574,000)
Designated
funds (Including
revaluation
reserve		 E596,000
off744,000		 2,280 2,136
(2019:6626,000) 2,337 1,SOO
30a31 81,371 79,245

f'000 f'000 f'000
Net cash brflow/(outlow)
from operating		 activi8es (936) (445)
Cash flows from investhg acthiities
DMdends, interest and rent from investments 1,389 1,315
Interest paid (11) (14)
Proceeds from the sale of-.
Tangible fixed assets 1,378 1,299
Investments 516 1,375
Purchase of:
Tangible fixed assets (46) (32)
Fixed asset investments (1,515) (2,210)
Movement on deposit fund investments 13
Net cash proiiided by/(used in) investing activiles 1,711 1,746
Cash Rows from financfng activlthis
Repayment ofhans (100) (100)
New loans received
Adjustments
to loans payable		 30
Net cash provided
by/(used		 in) flnandng actlvIBes (100) P0)
Change in cash and cash equivalents lnthe reporting
period 675 1,231
Cash and cash equivalents
at1January		 3,221 1,990
Cash and cash equivalents
at31December		 3.221
Recondliatlon ofnet movenients
infunds		 tonet cash
fiow from operating
activities
Net movement
ln funds		 for the year ended 31
December
Adjustments
for.
Oepreciation
charges		 37 32
Dividends,
interest and rent		 from investments (1,389) (1,315)
Interest paid 11 14
Repayment ofloans advanced 20 26
Advancement
ofloans		 (13) (4)
Loss/(profit) on sale offunctional
assets		 (290) (534)
Share of(profit)/hss
injoint		 venture 35
Actuarial gains/(hsses)
on defined benefit		 pensions (23)
Decrease/(increase)
in stock		 4 (3)
Decrease/(increase)
in debtors		 (1,073) (96)
increase/(decrease)
in creditors		 875 (486)
Net cash provQed by/(used in) oirera5ng acthritbs (936) (445)
Analysh ofcash and cash equivalents
Cash in hand 1,051 533
Notice deposits
(less than 3		 months) 2,845 2,688
3,896 3.221

The maj ority ofdonations
a		 re collected fr om the pari shes ofthe d iocese through the parish offer s ystem.
Unrestrkted funds Restrkted Endowment Total funds
General Designated Funds Funds 2020 2019
&NO &NO f'000 &NO f'000 &NO
Current year
Offer 4,708 4,708 4,773
Shortfall in contributions (310) (310) (80)
4@9& 4,693
Receipts for previous years
Total Income 4,406 4,406 4,711

Unrestricted Unrestricted funds Restricted Endowment Total funds
General Designated Funds Funds 2020 2019
f'000 f'000 E'000 f'000 f'000 f'000
LINC allocation 595
Strategk Devekrpment Grant 257
Restructure Grant
Other grants 117 117 170
757 117 874 1,022
Unrestrkted funds Restrkted Endowment Total funds
General Designated Funds Funds 2020 2019
f'000 f'000 f'000 f'000 f'000 f'000
All Churches Trust 95 97
Other grants 19 22
Donations 75
Legacies
Sundry appeals
Company Total 179 19
Rydal Hall 1 1
Restore (Cumbria) 16 16
Group Total 179 19 19 217 202

3.
CHARITABlf ACTIVITIES		 3.
CHARITABlf ACTIVITIES
Fees and chaplaincy income
Unrestricted funds Restricted Endowment Total funds
General Designated Funds Funds 2020 2019
f'000 f'000 f'000 f'000 f'000 f'000
Statutory fees 323 323
Chaplaincy 11 11
Support for Ministry 99 99
Course and other fees 4 13 17 22
Company Total 437 13 510
Course and other fees 10
Group Total 437 452 520
Other sales
Unrestricted funds Restrkted Endowment Total funds
General Designated Funds Funds 2020 2019
f'000 f'000 f'000 f'000 f'000 f'000
Printing and advertising
Diocesan Opshops
Education services
Company Total 36 212
Restore
Group Total 142
4.
OTHER TRADING ACTIVITIES
Unrestrkted funds Restrkted Endowment Total funds
General
Designated		 Funds Funds 2020 2019
f'NO f'000 f'000 f'QOQ f'OOQ f'000
Parsonage rents
361
5.
INVESTMENT INCOME
Unrestricted funds Restrkted Endowment Total funds
Generd Designated Funds Funds 2020 2019
E'000 f'NO f'000 f'000 f'000 f'000
Dividends
receivable		 662 52 1,062 991
Interest receivable 5 16 16
Share ofjoint Ventwe Income {35)
Rents receivable 311 342
Company total 52 1,389 1,314
Subsidiary's
interest
Consolidated
total		 52 1,389 1,315

Unrestricted funds Restrfcted Endowment Total funds
6enend Designated Funds Funds 2020 2019
f'000 f'000 f'000 f'000 f'000 f'000
Gain on sale ofproperties 227 41
Government Grants (covtd-19)
Sales ofredundant churches
Company Total 283 41 524
Rydal Hall 4
Restore (Cumbria) 183
Group Total 227 283 41 711

Unrestricted funds Restricted Endowment Total funds
General Designated Funds Funds 2020 2019
f'000 f'000 f'000 f'000 f'000 f'000
Investment management 13
Generating voluntary income
13 147 139

Unrestricted funds Restricted Endowment Total funds
General Designated Funds Funds 2020 2019
f'000 f'000 f'000 f'000 f'000 f'000
Stipends 2,336 2,336 2,264
National insurance/Ap. Levy 196 196 189
pension costs 560 560 571
Removal, resettlement &
other grants 67 67 137
Other costs 276 276 325
3,435 3,435 3,486

Unrestrkted funds Restrkted Endowment Total funds
General Designated Funds Funds 2020 2019
E'000 E'000 E'000 E'000 E'000 E'000
Repairs &improvements 220 220 692
Council tax 217 217 247
Water charges 55 55 57
insurance 29 29 29
Rent payable 1 1 1
Other costs 160 160 166
1,192
Total ministry inthe
communities 4,117 4,117 4,678
lay ministry 4daplaincles
Network Youth Ministers
and interns
Chaplains 29 29 26
252 214
Training &ministry
development
Ordained
mlnhtry:-
Ordinands 354 114 468 364
Grants to CCL 25 25 82
Curates 3 3
Ministry development 263 263 282
Lay training 9 9
Northern
Mission Centre		 21 21
114
Opshops network 28 186 271
God For AN strategy
Support for local churches 1 10 11 72
Reach Team 250 250 295
pioneering
ministries		 142 142 16
393
147

Unrestricted funds Restricted Total funds
General Designated Funds 2020 2019
f'000 f'000 f'000 f'000 f'000
Minhtry
support
National
Church		 285 285 289
Diocesan Church 543 543 648
Partnerships 19 19 21
Retired clergy 41 41 48
41 1,006
Total support for ndnhtry 2,245 2,641 2,749
6,362 228 6,758 7,427
Traiidng &ministry
development—
Ministry development (89) 51
Total Group resourdng
mhsion &ndnhtry 6,273 228 6,809 7,420

.
EDUCATION
Unrestricted funds Restrkted Endowment Total funds
General Designated Funds Funds 2020 2019
f'000 f'000 f'000 f'000 f'000 f'000
Support for church schools 234 33 267
Multi Academy Trust support 12 12
Grants to church schools
279 319

0.OTHER RESOURCES EX PENDED
Unrestrkted funds Restricted Endowment Total funds
General Designated Funds Funds 2020 2019
f'000 f'000 f'000 f'000 f'000 f'000
Deficit on fixed assets
Company total
Share ofhss ofjoint venture
Consolidated total

Unrestricted funds Restricted Endowment Total funds
General Designated Funds Funds 2020 2019
E'000 E'000 E'000 E'000 E'000 E'000
National Church 159 159 168
Grants lL provisions 18 18 18
Mission Agency pensions 8 8 2
Retired dergy housing 76 76 72
261 261

2.ANALYSIS OF EXPENOITURE INCLUDING ALLO CAllON
OFSU		 PPORT COSTS
Activities Grant
Undertaken Funding of Support Total costs
Directly Activities Costs 2020 2019
f'000 E'000 f'000 E'000 E'000
Raising funds 71 76 147
Charitable activities:
Resourcing Mission &Ministry 5,924 370 6+09 7,420
Education 212 67 279 319
Rydal Hall 822 22 1,012
Other 34 34
7,063 515 535 8,113

3.ANA LYS IS OFSUPPOR T COSTS
Unrestricted funds Restricted Endowment Total funds
General Designated Funds Funds 2020 2019
f'000 f'000 E'000 E'000 f'000 E'000
Finance and administration 275 275 291
Interest cost on defined
benefit pension schemes 11 11 26
Management costs 97 97 92
Human resources 77 77 77
Auditor's remuneration 15 15 12
Governance 60 60 69
535 535

Grants to Grants to Total Total
Institutions Individuals 2020 2019
f'000 f'000 f'000 f'000
From unrestricted funds:
Contributions
to Archbishops'		 Council 261 261
From restricted funds:
Resourcing ministry and mission:
Grants to parishes 26 26 35
Grants for ordinands 96 24 120 68
Grants to clergy 67 67 137
Grants to retired dergy 39 39 43

Unrestricted funds Restrkted Endowment Total funds
General Designated Funds Funds 2020 2019
f'000 f'000 f'000 f'000 f'000 f'000
Turnover 1,015
Other operating income 9
Government
Grants
651 651 1,024
interest receivable
Total income 651 651 1,025
Cost ofsales 171
Administrative
expenses		 878
Total expenditure 1,049
Profit on ore&nary activities
before tax (230) (230) (24)
Taxation
ProAt on ordinary activities
after tax (230) (230) (24)
Retained profits b/f (285) (285) (261)
Retained profits c/f (515) (515) (285)
Other reserves 269 269 269
Total funds carrfed forward (246) (246) (16)
Fixed assets 7& 7& 72
Net current assets (324) (324) (88)
Uabllltles
(246) (246) (16)

Unrestrkted funds Restrkted Endowment Total funds
General Design~i Funds Funds 2019 2018
f'000 f'000 f'000 f'000 f'000 f'000
Turnover 231 231 190
Cost ofsales P) P) P)
Gross profit 224 224 183
Administrative expenses P6) P6) (66)
Operating profit 117
Interest payable
Profit/(Loss) on ordinary
activities before tax 148 117
Taxation (29) (24)
Profit/gosa) forthe year 119 119 93
Retained profits b/f 247 247 196
Dividends
paid		 (154) (154) (42)
247
Called up share capital 7 7 7
Share premium account 693 693 693
Total funds carried forward 912
Fixed assets 923 923
Net current assets 58 58
Creditors falling due after
more than one year (69) (69) (64)
912 912

CLwho will continue to o perate at this reduced
lev		 el ofactivit y.
Unrestricted funds Restricted Endowment
General Designated Funds Funds 2020 2019
E'GOO E'000 E'000 E'GOO E'000 E'000
Income from:
Charitable
acthrities		 91 91
Total income 91 91
Resources expended:
Costs oftraining (86) (86) (137)
Net income forthe year
Retained funds b/f
Fixed assets
Net current assets
Creditors falling due after
more than one year

estore, a subsidiary
charit		 y ofthe Carlisl e Diocesan Board of Finance.
unrestricted funds Restricted Endearment
General Designated Funds Funds 2020 2019
f'000 f'000 f'000 f'000 f'000 f'000
Income from:
Turnover 111 111
Grants and Donations 85 85
Government
Grants		 4 4
Total income
Resources expended:
Costs ofSales 2 2
Administrative
Expenses		 130 130
Total resources expended 132 132
Net income forthe year
Retained funds b/f
Fixed assets 20 20
Net current assets 48 48
Creditors failing due after
more than one year

0. STAFF COST S
2020 2019
E'000 E'000
Employee costs during the year were asfollows:
Wages and salaries 1,909 1,972
National
insurance		 contributions 159 159
EmpioyeCs contributions to defined benefit pension schemes 315 295
2,383 2,426
The average number of persons employed by the group during the year
Resourcing ministry and mission 47 47
Education 4 4
0pshops 10 11
Cumbria Chrhtian Learning 1 1
Rydal Hall 31 34
93 97
The average number of persons employed by the grou p during the year based on full-time
equivalents:
Resourcing ministry and mission 3S 37
Education 3 3
Opshops 6 6
Cumbria
Christian		 Learning 1
Rydal Hall 25 27
73
The numbers ofstaff whose emoluments (including benefits in kind but exduding pension
contributions)
amounted		 to more than E60,000were asfollows:
E70,000 - Eg0,000

ppointme n ts
in t		 he di ocese and the costs were as follows:
2020 2019
f'000 E'000
Stipends 2,432 2,341
National insurance contributions 195 188
Employer's contributions to defined beneFit pension schemes:
Current year 654 641
Deficit reduction 278 272
3,559 3,442

The Right Revd James Newcome Yes Yes
The Venerable Dr RPratt Yes Yes
The Venerable V Ross Yes Yes
The Venerable LSTownend Yes Yes

9. ANALYSIS OFTRAN SFERS BE TWEEN FUN DS
Unrestrkted funds Restricted Endowment
General Designated Funds Funds
f'000 f'000 f'000 f'000
From General Fund to Sustainability Fund (150)
From Barchester Fund for Educational support 187 (187)
Transfer from Pastoral a/c for housing costs 124 (124)
Parsonage
Houses Fund to Pastoral		 Account 416 (416)
Support ofOpShops from General Fund (6)
Support of Rydal Hall from General Fund (300)
From General Fund to Stipends Capital Fund for
reduction ofdergy pensions deficit (250)
(395) 105 (166)
Income from Rydal Hall (68)
Grant to Cumbria
Christian		 Learning
(416) 105 (166)
4. TANGIBLE FlXEDASSETS
Buildings
CotsoNdated
Freehokl Freehold Furniture and Total
Land and Improvements Equipment
f'000 f'000 f'000 f'000
Costorvatuathn
At 1"January 2020 9,731 33,516 206 43,565
Additions 27 46
Transfers
Oisposais (726) (6) (732)
Revaluations (383) (383)
At31"December 2020 9,005 33,133 42,496
Deineciation
At1"January 2020 69 120 189
Oisposals (6) (6)
OepreciatJon forthe year 37
At31"December 2020 76
Net BookValue:
At31"Decanber 2020 9,005 33,133 55 83 42,276
At31"Decanber 2N9 9,731 33,516 43,376

Company
Freehold Freehold Furniture and Total
Land and improvements Equipment
Bugdings
f'000 f'000 E'000 f'000 f'000
Cost orvaluation
At 1"January 2020 9,732 33,516 133 43,381
Additions 1 1
Transfers
Disposals (726) (6) (732)
Revaluations (383) (383)
9,006 33,133 42,267
Depredation
At1"January 2020		 77 77
Disposals (6) (6)
Depreciation for the year 18 18
At31"Oeoember 2020
Net BookValue:
At31"Oecemher 2020 9,006 33,133 39 42,178
At31"Oecendser 2019 9,732 33+16 43,304

Consolidated
and Company		 Consolidated
and Company		 Value at
1"January		 Dlsposals Transfer Change in
Market		 Vahe at31"
December
2020 Vahe 2020
e000 f'000 f'000 f'000 f'000 f'000
Unrestricted
Funds
Investment
injoint		 ventures 912
CBFInvestment
Fund		 29& 20
1,210 20 1230
Designated
Funds
CBFInvestment
Fund		 1,720 119 1,839
1,720 119 1,839
Restricted Funds
Investment
properties		 2,655 (410) 2,245
CBFProperty Fund 3,020 (151) 2,869
CBFInvestment
Fund		 5,119 1,515 384 7,018
10,794 1,515 (177) 12,132
Endrnument
Funds
Investment
properties		 9,675 66 9,741
Hydroelectric
Schemes		 912 912
CBFProperty
Fund		 1,635 (81) 1+54
CBFInvestment
Fund		 9,357 645 10,002
CBFDeposit Fund
21,579 630 22,209
Total 35,303 1,515 592 37,410
Total Hlstorkal Cost 15,105 1,515 16,620
Vahe at
1"January		 Repaid Transfers Adjust!nant
Oll		 Vakle at31"
December
2020 settlement 2020
f'000 f'000 f.'000 f.'000 f'000 f'000
Unrestricted
Funds
Loans to parishes 3 (20) 68
Loan to Emmanuel College 10 10
(20) 78
TOTAL IMVESTMEMTS
Total Consogdated
Investn!ants 1,528 (20) 591 37,488

6.
DEBTORS
Consolidated Company
2020 2019 2020 2019
E'000 E'000 E'000 E'000
Unrestrkted
funds
Trade debtors 52 43 52 43
Inter fund balances 1,583 1,443 1,583 1,443
Other debtors 86 78 86 78
1,721 1,564 1,721
Designated
funds
Trade debtors 29 7
Inter fund balances 528 152 528 152
Other debtors 24 30
Restricted funds
School debtors 622 112 622 112
Inter fund balances 93 79 93 79
Endowment
Funds
Inter fund balances 33 33 33 33
33 33 33 33
1,977 2~7

7. OEPOSITS
Cottsogdated Company
2020 2019 2020 2019
f'000 f'000 f'000 f'000
Unrestrkted
funds
CBFDeposit Funds 220 219 220 219
Designated funds
CBFDeposit Funds 192
Restricted funds
CBFDeposit Funds 1,704 1,451 1704 1,451
Deposits with Church Commissioners 70 23 70 23
1,774 1,474 1,774 1,474
Endowment
funds
CBFDeposit Funds 807 803
2,845 2,688 2,550
8.
CREDITORS: afncwnts falling due		 within one year
Company
2020 2019
f'000 E'000
Unrestricted
funds
Sundry creditors and accruals 591 591
Inter fund balances 264 264
Loan repayment
instalments:
Central Board ofFinance
Cumbertand
Building Society
1,726 1,155 1,726 1,155
Designated
funds
Inter fund balances 35 126
Trade creditors 9
Sundry creditors and accruals 167
211
Restricted funds
Inter fund balances 1,309 1,309
Sundry creditors and accruais 1,388 1,388
2,697 1,959 2,697 1,959
Endowment
funds
Inter fund baianCes 353 239
Qergy pension scheme 278 272 278 272
517 517
5,151 1,022 3,865

9.
CREDITORS:		 amounts
faNing due aRer mor		 e than one year
Consolidated Comparry
2020 2019 2020 2019
f'000 f'000 f'000 f'000
Unrestrkted
funds
Loan repayment
Iiistalments:
Central Board ofRnance
Cumberland
Building		 Society
Designated funds
Accruals and deferred income —deferred grants
Restrkted funds
Loan repayment
instalments:
Church Commissioners value linked hans for houses
320 320
320 320
Total creditors faWng due after one year

he maturity ofthe loans is analysed as follows:
2020 2019
g'000 f'000
Between one and two years
Between two and five years
In five years or more

0.SUMM ARy O FFUND MOVEMENTS
Unrestricted Funds
Balance at Balance 31"
1"January Gains and December
2020 Income Expenditure Transfers losses 2020
E'000 E'000 E'000 E'000 E'000 E'000
General funds
Reaiised reserve 1,560 7,246 (6,684) (416) (22) 1,684
Revaluation
reserve		 576 596
2,136 7,246 (6,684) (416) (2) 2,280
Designated Funds
Diocesan Growth Fund 1,646 53 (9) 119 1,809
Resources Centre 1 1
Rydal Hall 300 300
Sustainabiiity
Fund		 150 150
0pshops 153 77 (159) 6 77
Total Company Designated 1,800 (168) 2.337
Cumbria
Christian		 Learning 2 (85) 89 7
Restore (Cumbria) 123 (55)
Rydal Hall Umited (16) 651 (813) (68) (246)
Total Group Dedgnated
Funds 1,7&5 906 (1,121) 2,166
Total Group Unrestrfcted
Funds 3,921 8,152 (7,805) 61 117 4,446
Restricted Income Funds
babmce at Bahmce 31»
1+january Gains and December
2020
f'000		 Income
f'000		 Expenditure
f'000		 Transfers
E'000		 losses
E'000		 2020
f'000
Barchester Fund 6,834 (46) (187) 7,010
Stipends Income Fund 60 60
Pastoral Account 2,543 180 (57) 1,198 (6) 3,858
Diocesan Houses Fund 9,994 213 (34) (906) 9,267
Parish Property Fund 379 12 (17) 26 400
Retired Qergy 5
Dependents
Income Fund		 P) 51 (41)
Sundry Appeal Funds 3 1
Other Restrkted income
Funds 372 128 (113) 19
Total Group Restricted
Income Funds 20,178 821 (308) 212 21,008

Bahnce at Bahnce 31»
1"January Gabe and December
2020 Income Expenditure Transfers losses 2020
E'000 E'000 E'000 E'000 E'000 E'000
Permanent
Endowment
Funds
Stipends Capital Fund 19,375 668 20,302
Education 3& 3 41
PWM World Mission 59 4 63
Readers Board 2 2
General 131 (6) 125
19,605 669 20,533
Expendable Endownwnt
Funds
Personages Houses Fund 34,277 (416) 33,897
Retired Clergy &t
Dependants Fund 1,249 67 1,316
35,526 (416) 35,213
Total Group Endowment
Funds 55,131 45 (166) 736 55,746

Comply
Fhed Assets Net Current Uabiilths Net Assets Net Assets
Tangible Investments Assets after 1year 2020 2019
f'000 f'000 f'000 f'000 f'000 f'000
Unrestricted
funds
General Funds 40 1,308 1,232 (300) 2,280 2,136
Designated
funds
Diocesan Growth Fund 1,839 (30) 1,809 1,646
Resources Centre 1 1 1
Rydal Hall 300
Sustainabllity
Fund		 150 150
OpShops 77 153
1,839 498 2,337 1,800
Restricted Funds
Barchester Fund 6,805 205 7,010 6,&34
Stipends Income Fund 60 60
Pastoral Account 3,833 25 3+58 2,543
Diocesan Houses Fund &,&60 7SO (343) 9,267 9,994
Parish Property
Fund		 440 (40) 400 379
Retired Clergy Income 23 (20) 3 P)
Sundry Appeal Funds 4 4 3
Other Income Funds 126 406 372
8,860 12,131 17 21,008 20,178
Permanent
Endowment
Funds
Stipends Capital Fund 20,870 (504) (641 20,302 19,375
Education 41 41 38
PWM World Mission 63 63 59
Readers Board 2 2 2
General 125 125 131
21,101 (504) (64) 20,533 19,605
Expendabk
Endowment
Funds
Parsonages
Houses Fund		 33,133 33W7 34+77
Retired Clergy &
Dependants
Fund		 145 1,109 62 1,316 1,249
33,27& 1,109 &26 35,213 35,526
Total Endowment Funds 33,278 22,210 322 (64) 55,746 55,131
Total Company funds 42,178 37,488 2,069 (364) 81,371 79,245
Unrestricted
Funds
Cumbria Christian
Learning 6 6
Restore (Cumbria) 20 48 68
Rydal Hall Ltd 78 (323) (245) (16)
Total Consolidated Funds 42,276 37,488 1,&00 (364) &1,200 79,230

recondllation
ofthe ba		 lance sheet liability Isset out below:
2019
E'000
Balance sheet liability as at 1January 592 1,774
Deficit contribution
paid		 (278) (272)
Interest cost (recognised in the SOFA) 5 34
Re-measurement
ofthe		 balance sheet liability 23 (944)
Balance sheet liability as at31December f342 f592
nd has been valued
using th
ecovery payments:		 e following
a		 ssumptions
set by		 reference to the duration o
December December
2020 2019 2018
Discount Rate 0.296pa 1.196pa 2.196pa
Price Inflation 3.196pa 2.896pa 3.196pa
increase tototal pensionable salary 1.696pa 1.396pa 1.696pa

a contribution
rate of		 44.6%ofpensionable
salaries and expens		 es off5,300per year.
2019
E'000
Balance sheet liability as at 1January
Contributions
paid
Interest cost (recognised in the SOFA)
Re-measurement
ofthe		 balance sheet liability
Balance sheet liability as at31December