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|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)|



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||||||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<br>Council|||||757||117||874|1,022|
|Other donations|||||179|19|19||217|202|
|Charitable<br>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<br>on|||||||||||
|Raising funds|||||||13||147|139|
|Charitable<br>activities|||||||||||
|Resourcing<br>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)<br>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)<br>on revaluation of|||||||||||
|fixed assets|||||||||||
|Actuarial gains/(losses)||on|||||||||
|defined benefit pension||schemes|||(23)||||(23)|944|
|Net movement<br>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<br>Council|||||757||117||874|1,022|
|Other donations|||||179||19||200|194|
|Charitable<br>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<br>activities|||||||||||
|Resourcing<br>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)<br>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)<br>on revaluation|||of||||||||
|fixed assets|||||||||||
|Actuarial gains/(losses} on|||||||||||
|defined benefit pension schemes|||||(23)||||(23)|944|
|Net movemesrt<br>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<br>per reconciliation|||below|(8,363)|(10,072)|
|Operating<br>surplus for|the year|||1,006|(83)|
|Interest receivable||||20|19|
|Net gains/(fosses)<br>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<br>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<br>additions|||(45)|(271)|
|Add: endowment<br>capital transferred to income||funds|416|447|
|Total Income per above|||9,369|9,989|
|Resources expended<br>per SOFA|||8,113|8,890|
|Less:expenditure<br>charged to endowment|capital||||
|Add: income funds reclassified as endowment||capital|250|1,182|
|Total expenditure<br>per above|||8,363|10,072|





|Company<br>Number -39625|Company<br>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<br>funds||||||||||||
|(lnduding<br>investment|revaluation|||reserve off32,851,000||||||||
|(2019:f32,116,000)|||||||||55,746||55,131|
|Restricted income funds||||||||||||
|(lnduding<br>investment<br>(2019:f6,516,000)|revaluation|||reserve off6,741,000|||||21,008||20,178|
|Unrestrkted<br>income funds:||||||||||||
|General funds (lnduding||revaluation|||reserve off596,000|||||||
|(2019:f574,000)<br>Designated<br>funds (lnduding<br>(2019:f626,000)|||revaluation|||reserve|off744,000||2,280<br>2,166||2,136<br>1,785|
|TOTAL FUNOS|||||||30&31||81,200||79,230|





## 

## 

|ompany<br>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<br>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<br>funds||||||||||||
|(Including<br>Investment<br>{2019:f32,116,000)|revaluation|||reserve ofE32+51,000|||||55,746||55,131|
|Restrkted income funds||||||||||||
|(Including<br>investment|revaluation|||reserve ofE6,741,000||||||||
|(2019:66,516,000)|||||||||21,008||20,178|
|Unrestricted<br>Income funds:||||||||||||
|General funds (Induding<br>revaluation<br>reserve of <br>{2019:f574,000)<br>Designated<br>funds (Including<br>revaluation<br>reserve|||||||E596,000<br> 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)<br>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<br>to loans payable|||||||30||
|Net cash provided<br>by/(used|in) flnandng||actlvIBes|||(100)||P0)|
|Change in cash and cash equivalents||lnthe reporting|||||||
|period||||||675||1,231|
|Cash and cash equivalents<br>at1January||||||3,221||1,990|
|Cash and cash equivalents<br>at31December||||||||3.221|
|Recondliatlon ofnet movenients<br>infunds|||tonet cash||||||
|fiow from operating<br>activities|||||||||
|Net movement<br>ln funds|for the|year|ended|31|||||
|December|||||||||
|Adjustments<br>for.|||||||||
|Oepreciation<br>charges||||||37||32|
|Dividends,<br>interest and rent|from investments|||||(1,389)||(1,315)|
|Interest paid||||||11||14|
|Repayment ofloans advanced||||||20||26|
|Advancement<br>ofloans||||||(13)||(4)|
|Loss/(profit) on sale offunctional<br>assets||||||(290)||(534)|
|Share of(profit)/hss<br>injoint|venture|||||||35|
|Actuarial gains/(hsses)<br>on defined benefit|||pensions|||(23)|||
|Decrease/(increase)<br>in stock||||||4||(3)|
|Decrease/(increase)<br>in debtors||||||(1,073)||(96)|
|increase/(decrease)<br>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<br>(less than 3|months)|||||2,845||2,688|
|||||||3,896||3.221|





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|The maj|ority ofdonations<br>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.<br>CHARITABlf ACTIVITIES|3.<br>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.<br>OTHER TRADING ACTIVITIES|||||||
||Unrestrkted|funds|Restrkted|Endowment|Total funds||
||General<br>Designated||Funds|Funds|2020|2019|
||f'NO|f'000|f'000|f'QOQ|f'OOQ|f'000|
|Parsonage rents|||||||
||361||||||
|5.<br>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<br>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<br>interest|||||||
|Consolidated<br>total||52|||1,389|1,315|



## 



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## 

||||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|





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## 

## 

|||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<br>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<br>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<br>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<br>support||||||
|National<br>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|



## 

|.<br>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<br>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<br>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<br>Grants|||||||
|||651|||651|1,024|
|interest receivable|||||||
|Total income||651|||651|1,025|
|Cost ofsales||||||171|
|Administrative<br>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<br>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<br>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<br>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<br>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<br>Grants||4|||4||
|Total income|||||||
|Resources expended:|||||||
|Costs ofSales||2|||2||
|Administrative<br>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<br>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<br>Christian||Learning|||||||1||
|Rydal Hall|||||||||25|27|
|||||||||||73|
|The numbers ofstaff whose emoluments||||(including|benefits||in kind but exduding|pension|||
|contributions)<br>amounted|||to more than E60,000were|||asfollows:|||||
|E70,000 - Eg0,000|||||||||||





## 

|ppointme|n|ts<br>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<br>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<br>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<br>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<br>and Company|Consolidated<br>and Company|Value at<br>1"January||Dlsposals|Transfer|Change in<br>Market|Vahe at31"<br>December|
|---|---|---|---|---|---|---|---|
|||2020||||Vahe|2020|
|||e000|f'000|f'000|f'000|f'000|f'000|
|Unrestricted<br>Funds||||||||
|Investment<br>injoint|ventures|912||||||
|CBFInvestment<br>Fund||29&||||20||
|||1,210||||20|1230|
|Designated<br>Funds||||||||
|CBFInvestment<br>Fund||1,720||||119|1,839|
|||1,720||||119|1,839|
|Restricted Funds||||||||
|Investment<br>properties||2,655||||(410)|2,245|
|CBFProperty Fund||3,020||||(151)|2,869|
|CBFInvestment<br>Fund||5,119|1,515|||384|7,018|
|||10,794|1,515|||(177)|12,132|
|Endrnument<br>Funds||||||||
|Investment<br>properties||9,675||||66|9,741|
|Hydroelectric<br>Schemes||912|||||912|
|CBFProperty<br>Fund||1,635||||(81)|1+54|
|CBFInvestment<br>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<br>1"January||Repaid|Transfers|Adjust!nant<br>Oll|Vakle at31"<br>December|
|||2020||||settlement|2020|
|||f'000|f'000|f.'000|f.'000|f'000|f'000|
|Unrestricted<br>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.<br>DEBTORS|||||
|---|---|---|---|---|
||Consolidated||Company||
||2020|2019|2020|2019|
||E'000|E'000|E'000|E'000|
|Unrestrkted<br>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<br>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<br>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<br>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<br>funds|||||
|CBFDeposit Funds|807|803|||
||2,845|2,688||2,550|
|8.<br>CREDITORS: afncwnts falling due|within one year||||
||||Company||
||||2020|2019|
||||f'000|E'000|
|Unrestricted<br>funds|||||
|Sundry creditors and accruals||591||591|
|Inter fund balances||264||264|
|Loan repayment<br>instalments:|||||
|Central Board ofFinance|||||
|Cumbertand<br>Building Society|||||
||1,726|1,155|1,726|1,155|
|Designated<br>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<br>funds|||||
|Inter fund baianCes||353|239||
|Qergy pension scheme|278|272|278|272|
||517||517||
||5,151|1,022||3,865|



## 




|9.<br>CREDITORS:|amounts<br>faNing due aRer mor|e than one year||||
|---|---|---|---|---|---|
|||Consolidated||Comparry||
|||2020|2019|2020|2019|
|||f'000|f'000|f'000|f'000|
|Unrestrkted<br>funds||||||
|Loan repayment<br>Iiistalments:||||||
|Central Board ofRnance||||||
|Cumberland<br>Building|Society|||||
|Designated funds||||||
|Accruals and deferred income —deferred grants||||||
|Restrkted funds||||||
|Loan repayment<br>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<br>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<br>Fund||||||150||150|
|0pshops|||153|77|(159)|6||77|
|Total Company Designated|||1,800||(168)|||2.337|
|Cumbria<br>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<br>f'000|Income<br>f'000|Expenditure<br>f'000|Transfers<br>E'000|losses<br>E'000|2020<br>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<br>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<br>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<br>funds||||||||
|General Funds||40|1,308|1,232|(300)|2,280|2,136|
|Designated<br>funds||||||||
|Diocesan Growth|Fund||1,839|(30)||1,809|1,646|
|Resources Centre||||1||1|1|
|Rydal Hall||||||300||
|Sustainabllity<br>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<br>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<br>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<br>Endowment||||||||
|Funds||||||||
|Parsonages<br>Houses Fund||33,133||||33W7|34+77|
|Retired Clergy &||||||||
|Dependants<br>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<br>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<br>ofthe ba|lance sheet liability Isset out below:|||
|---|---|---|---|
||||2019|
||||E'000|
|Balance sheet liability as|at 1January|592|1,774|
|Deficit contribution<br>paid||(278)|(272)|
|Interest cost (recognised|in the SOFA)|5|34|
|Re-measurement<br>ofthe|balance sheet liability|23|(944)|
|Balance sheet liability as|at31December|f342|f592|



|nd has been valued<br>using th<br>ecovery payments:|e following<br>a|ssumptions<br>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<br>rate of|44.6%ofpensionable<br>salaries and expens|es off5,300per year.|
|---|---|---|
|||2019|
|||E'000|
|Balance sheet liability as|at 1January||
|Contributions<br>paid|||
|Interest cost (recognised|in the SOFA)||
|Re-measurement<br>ofthe|balance sheet liability||
|Balance sheet liability as|at31December||





## 



## 

##