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2021-12-31-accounts

The Rt Revd James Newcome (ex officio) S(83%]
The Ven Richard Pratt (exoffici) 6 (100%)
The Ven Vernon
Ross		 (ex officio) 6 (100%)
The Ven Lee Townend (ex officio) 6 (100%)
Mr Derek Bradley (elected) 6 (100%)
Miss Janet Busk (elected) 6 (100%)
Mr Rob Cook (elected) S(83%)
Mr David Dalgautte (ca-opted) 6(100%)
Mr John Edwards (ca-opted) 6(100%)
Mr Jim Johnson (elected) 6(100%)
Mrs Susan Wigley (elected) 6(100%)

ttnrestricted ttnrestricted funds Restricted Endowment Endowment Total funds
General Designated Funds Funds 2021 2020
Note 6'000 6'000 f'000 6'000 E'000 E'000
Income and endowments from
Donations
Parish contributions 4,224 4,224 4,4D6
Archbishop's
Council		 846 130 976 874
Other donations 142 154 17 313 217
Charitable activities
Fees &chaplamcy mcome 569 18 587 452
Rydal
Hall		 15 935 935 466
Sales of goads & services 3 201 201 142
Other activities 4 391 391 361
Investments 5 881 53 404 1,338 1,389
Othersources 6 17 183 182 198 580 711
Total 7,070 1,526 751 198 9,545 9,018
Expenditure
on
~sislng funds 7 163 14 177 147
Char itable activities
Resourcing
ministry		 & mission 8 6,591 380 211 7,182 6,809
Education 9 268 42 310 279
Rydal Hall 15 35 1,006 1,041 844
Other purposes 10 50 34
Total 12 7,D57 1,386 267 50 8,760 8,113
Net incmne/(expenditure)
before investment gains 13 140 484 148 785 905
Net gains/(losses) on investments 263 1,565 2,254 4,085 1,088
Net income/(expenditure) 16 403 2,049 2,402 4,870 1,993
Transfers between funds 23 (51) 198 281 (428)
Other recognised garne/(losses)
Gains/(losses)
on revaluation		 of
fixed assets
actuarial
gains/(losses)		 on
defined benefit pension schemes 35 (23)
Net movement
in		 funds 601 2,33D 1,974 4,905 1,970
Total funds brought torward 2,280 2,166 21,DDB 55,746 81,200 79,230
Total funds carried forward 2,280 2,767 23,338 57,720 86,105 81,200

Unrestrictedfunds Unrestrictedfunds Restricted Endowment Tatal funds Tatal funds
General Designated Funds Funds 2020 2019
Note f'000 f'000 f'MD Ln000 E'000 f'000
income and endowmentsfram
Donations
Parish cantributions 4,406 4,406 4,711
Archbishop's
Council		 757 117 874 1,022
Other donations 179 19 19 217 202
Charitable
actiwties
Fees &.chaplaincy income 437 2 13 452 520
Rydal Hag
Sales ofgoods 6 services		 15
3		 2 466
140		 466
142		 1,015
212
Other activities 4 361 361 301
Investments 5 944 52 389 4 1,389 1,315
Other sources 6 160 221 283 41 711 534
Total 7,246 906 821 45 9,018 9,832
Expenditure
on
Raising funds 134 13 147 139
Charitable
activities
Resaurcing
ministry
gr		 mission 8 6,273 308 228 6,809 7,420
Education 9 246 33 279 319
Rydal
Hall		 15 31 813 844 1,012
Other purposes 1.0 34 34
Total 12 6,684 1,121 3tlg 8,113 8,890
Net income/(expenditure)
before investment gains 562 (215) 513 45 905 942
Net gains/(losses)
on investments		 21 119 212 736 T,088 2,349
Net Income/(expenditure) 583 (96) 725 781 1,993 3,291
Transfers between funds 23 (416) 477 105 (166)
Dther recognised
gains/(louses)
Gains/(lasses)
an revaluatian		 of
fixed assets
Actuarial
gains/(lasses)		 on
defined benefit pension schemes (23) (23) 944
Net movement
in funds		 381 830 615 1,970 4,235
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 55,146 81,200 79,230

ttnrestricted funds Restricted Endowment Total funds
General Designated Full dc Funds 2021 2020
Note E'DGD 6'000 1'000 6'000 f.'000 f.'000
Income and endowments from
Donations
Parish contributions 4,224 4,224 4,406
Archbishop's
Council		 846 130 976 874
Other donations 142 1 17 160 200
Charitable
activities
Fees &chaplaincy income 569 TS 587 45D
Rydal Ball 15 68 68 68
Sales ofgoods 8 services 3 3&
Other activities 4 391 391 361
Investments 5 881 53 404 1,338 1,389
Other 6 17 182 198 397 524
Iotal 7,138 54 751 8,141 8,310
Expenditure
on
Raising funds 163 14 177 147
Charitable
activities
Resourcing
ministry		 8 mission 8 6,633. 31 211 6,873 6,758
Education 9 268 42 310 279
Rydal
Mall		 15 35 3DO 335 31
Other 10 50 34
Total 7,097 331 267 50 7,745 7,249
Net income/(expenditure)
befme investment gains 41 (277) 484 148 396 1,061
Net gains/(losses) on investments 263 1,565 2,254 4,085 1,088
Net income/(expenditure) 44 (14) 2,049 2,402 4,481 2,149
Transfers between funds 23 (79) 226 281 (428)
Other recognised gains/(lasses)
Gains/(losses)
on		 revaluation of
fixed assets
Actuarial
gains/(lasses)		 on
defined benefit pension schemes 35 (23)
Net movement
in		 funds 212 2,33D 1,974 4,516 2,126
Total funds brought forward 2,280 2,337 21,0DB 55,746 81,371 79,245
Total funds carried forward 2,280 2,549 23,338 57,720 85,887 81,371

Onrestdicted funds Restricted Restricted Endowment Total funds Total funds
General Designated Funds Funds 2D20 2019
Nate Fr000 f'eoo E'000 E'000 6'000 6'000
Income and endowments from
Donations
Parish contributions 4,406 4,406 4,711
Archbishop's
Cannel		 l 757 117 8/4 1,022
Other donations 179 2 19 200 194
Charitable
activities
Fees &chaplaincy income 437 13 45D 510
Rydai
Hall		 15 68 68 68
Sales ofgoods 8, services 3 2 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 7,314 130 821 45 8,310 8,866
Expenditure
on
Raising funds 134 13 147 139
Charitable
activities
Resourcing
ministry		 8 mission 8 6,362 168 228 6,758 7,427
Education 9 246 33 279 319
Rydal Hall 15 31 31 31
Other 10 34 34
Total 6,773 168 308 7,249 7,916
Net income/(expenditure)
before investment gains 541 (38) 513 1,061 950
Net gains/(losses) on investments 21 119 212 736 1,088 2,341
Net income/(expenditure) 562 725 781 2,149 3,291
Transfers between funds 23 (395) 456 105 (166)
Other recognised gains/(losses)
Gains/(losses)
an revaluatian		 af
fixed assets
Actuarial
gains/(losses)		 on
defined iiencfit pension scherxes (23) (23) 944
Net movement
in		 funds 144 537 830 615 2,126 4,235
Total funds brought forward 2,136 1,800 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
2021 2020
E'000 E'000
Total income per reconciliation below 9,959 9,369
Resources expended
per reconciliation		 below (8,904) (8,363)
Operating
svrplus for		 the year 1p055 1,006
Interest receivable 10 20
Net gains/(losses)
on		 investments 1,831 352
Net income for the year 2,896 1,378
Other comprehensive income:
Revaluation
of fixed assets
Actuarial
gains/(losses)		 on defined benefit pension schemes 35 (23)
Total comprehensive income for the year 2,931 1,355
Reconciliation
ofSummary
Income		 Reconciliation
ofSummary
Income		 and Expenditure Expenditure to SOFA Total Total
2021 2020
E'000 E'000
Total incoming
resources		 per SOFA 9,545 9,018
Less: interest receivable (10) (20)
total endowment
additions		 (198) (45)
Add: endowment
capital		 transferred to income funds 622 416
Total income per above 9,959 9,369
Resources expended
per		 SOFA 8,760 8,113
Less'.expenditure
charged		 to endowment capital (50)
Add.'income funds reclassified as endowment capital 194 250
Total expenditure
per above		 8,904 8,363

ompany
Number —39		 625
2021 202D
Note f'000 f'000 f'000 6'000
FIXEDASSETS
Tangible assets 24 41,002 42,276
Investments 25 43,762 37,488
84,764 79,764
CURRENT ASSETS
Stock 7 5
Debtors 26 3,135 3,050
Cash on deposit 27 2,744 2,845
Cash at bank and
in hand		 830 1p051
6,716 6,951
CREDITORS: amounts faglng due within one
year 28 (5,175) (5,151)
NET CURRENT ASSETS 1,541 1,800
TOTAL ASSETS LESSCURRENT LIABILITIES 86,305 81,S64
cREDITQRs: amounts falling due after more
than one year
pension scheme liabilities 29 (64)
Other creditors 29 (200) (300)
(200) (364)
NET ASSETS 86,105 81,200
FUNDS
Endowment
funds
Including
Investment		 revaluation reserve ofE35,105,000
(2020:E32,851,000) 57,720 55,746
Restricted income funds
Including
investment		 revaluation reserve ofE8,3D6,00D
(2020:E6,741,000) 23,338 21,008
Unrestricted
income		 funds:
General funds - Including revaluation reserve off600,000
(2020:E596,000) 2,280 2,280
Designated
funds - Induding		 revaluation reserve offl,QD7, 0DD
(2020:E744.000) 2,767 2,166
TOTALFUNDS 30a.31 86,105 81,200

ompany
Number		 — 396 25
2021 2020
Note E'000 E'000 E'000 E'000
FIXEDASSETS
Tangible assets 24 40,917 42,178
Investments 25 43,762 37,488
84,679 79,666
CURRENT ASSETS
Debtors 26 3,020 2,997
Subsidiary
companies		 105 485
Cash on deposit 2,705 2,806
Cash at bank and in hand 514 756
6,344 7,044
CREDITORS: amounts falling due within one
year (4,936) (4,975)
NET CURRENT ASSETS 1,408 2,D69
TOTAL ASSETS LESSCLIRRENT LIABILITIES 86,D87 81,735
CREDITORS: amounts falling due after more
than one year
Pension scheme liabilities 29 (64)
Other creditors 29 (200) (300)
(200) (364)
NET ASSETS 85,887 81,371
FUNDS
Endowmentfunds
Including
investment		 revaluation reserve off3S,1OS,DOQ
(202O:f32,851,0DO) 57,720 55,746
Restricted income funds
Including
investment
(2020i'f6,741,DOOl		 revaluation reserve of18,306,DOG 23,338 21,008
Unrestricted
income funds:
General funds - Including revaluation reserve off60Q,DOQ
(2G20' f596,OOOI 2,280 2,280
Designated
funds		 - including revaluation reserve off1,OD7,OOG
(2G20i f744,000) 2,549 2,337
TOTAL FUNDS 30A31 85,887 81,371

2D21 2020
F.'DDO E'ODD 6'000 6'000
Net cash Inflow/(outflow) from opemtlng activities (836) (936)
Cash flows from investing activities
Dividends,
interest and rent from investments		 1,338 1,389
Interest
paid		 (5) (11)
Proceeds from the sale of:
Tangible fixed assets 1,599 1,378
Investments 335 5J.6
Purchase of.
Tangible fixed assets (11) (46)
Fixed asset investments l2,542) (1,5151
Net cash provided
by/(used
in) investing		 activities 714 1,711.
Cash flows from financing activities
Repayment
of loans		 (200) (100)
Net cash provided
by/(used
in) finandng		 activities (200) (100)
Change In cash and cash equivalents in the reporting
period (322) 675
Cash and cash equivalents at 1January 3,896 3,221
Cash and cash equivalems at 31December 3,574 3,896
Retxxncigationofnet
rnovementslnfundstonetcash
flow from operating
activities
Net
movement
in funds		 for the year ended 31
December 785 905
Adjustments
for:
Depreciation
charges		 12 37
Dividends,
interest snd rent from investments		 (1,338) (1,389)
Interest paid 5 11
Repayment
of loans advanced		 22 2D
Advancement
of loans		 (2) (13)
Loss/(profit)
on sale offunctional
assets		 (330) (290)
Actuarial
gains/(losses)
on		 defined benefit pensions 35 (23)
Decrease/(increase)
in stock		 (2) 4
Decrease/(increase)
in debtor~		 (85) (1,D73)
Increase/(decrease)
in creditors		 62 875
Net cash provided
by/(used
in) operating		 activities (836) (936)
Analysis ofcash and cash equivalents
Cash in hand 83D 1,051
Notice deposits
(less than		 3 months) 2,744 2,845
3,574 3,896

Unrestricted funds Restricted Endowment Total funds
General Designated Funds Funds 2021 2020
f'000 f'DIM f'000 f.'OM 6'DDD E'000
Current year
Offer 4,196 4,196 4,708
Shortfall in contributions (225l (115) (310)
4,081 4,081 4,398
Receipts for previous years 56 56
Histonc QFFers Transferred 87 87
Total Income 4,224 4,224

Unrestricted funds Reatrioted Endowment Totalfunds
General Designated Funds Funds 2022 2020
f'000 6'DQD f'000 f'MO f'DDD 6'ODO
LINC allocation 572 572 584
Strategic Development Grant 274 274 1.73
Other grants 130 130 117
846 130 976 874

Unrestdcted funds Restricted Endawment Total funds
General Designated Funds Funds 2D21 2020
f'ODO E'000 f'000 f'000 f'OM f'000
AD Churches Trust 92 92 95
Other grants 17 17 19
Donations 50 51 86
Company Total 142 17 160 200
Rydal nell 151 151 1
RestOre (Cumbris) 2 2 16
Group Total 147. 154 17 313 217

3.
CHARITABLE ACTIVI		 TIES
Fees and chaplaincy Income
Unrestricted funds Restricted Endowment Tote(funds
General Designated Funds Funds 2021 2020
f'000 E'000 f'000 f'000 f'000 f'OM
Statutory fees 385 385 323
Chaplaincy 11 11 11
Support for Mfnistcy 162 162 99
Course and other fees 11 18 29 17
Company Total 569 587 450
Course and other fees
Group Total 569 587 452
Other sales
Unrestricted funds Restricted Endowment Total funds
General Designated Funds Funds 2021 2020
f'GM E'000 E'000 6'000 f'DDD f'000
Printing and advertising 2
Diocesan Opshops 36
Education services
Company
Total		 38
Restore (Cumbr is) 201 201 104
Group Total 201 201 142
4,
OTHER TRADING ACTIVITIES
Unrestricted funds llestricted Endowment Totalfunds
General
Designated		 Funds Funds 2021 2020
f'000 f'DOD E'000 E'000 f'000 f'000
Parsonage
rents		 391 391 361
391 391 361
5.
INVESTMENT INCOhgE
Unrestricted funds Restricted Endowment Total luncls
General Designated Funds Funds 2021 2020
E'000 F.'000 C'000 f'000 eODO E'000
Dwidends
receivable		 635 53 368 1,056 1,062
Interest receivable 4 I 5 16
share offeint ventv re loss (41) (41)
Rents receivable 283 35 318 311
Company total 881 53 404 1,338 1,389
Subsidiary's
interest
Consolidated
total		 53 1,389

Unrestricted funds Restriaed Endowment Total funds
General Designated Funds Funds 2021 2020
6'000 E'MD f'000 E'DOD f'000 f'000
Gain on sale of properties 149 198 347 268
Government Grants (covid-19) 17 17 200
Sales of redundant churches 33 33 56
Company
Total		 17 182 198 397 524
Rydal Hall 45 45 4
Restore (Cumbria) 138 138 183
Group Tots! 17 183 182 198 580 711
Government/Local Authority grants are made up of.
Company Group
2021 2D20 2021 2020
E'000 E'000 E'000 F.'ODD
Coronavirus Job Retention Scheme 17 160 131 340
Other Covid-Related Grants 40 69 47
Group Total 17 200 2DD 387

7.
RAISI		 NG FVND S
Unrestricted funds Restricted Endowment Total funds
General Designated Funds Funds 2021 2020
E'000 f'000 f'000 f'000 f'000 E'000
Investment management 116 14 130 99
Generating voluntary income 47 47 48
163 14 177 147

Unrestricted funds Restricted Endowment Total funds
General Designated Funds Funds 2021 2D20
E'000 f'000 E'000 f'ODO E'DOD E'000
Stipends 2,243 2,243 2,336
National insurance/Ap. Levy 190 190 196
Pension costs 682 682 560
Removal, resettlement &
other grants 120 120 67
Other costs 234 234 276
3,469 3,469 3,435

Unrestricted funds Restricted Endowment Total funds
General Designated Funds Funds 2021 2020
E'000 6'000 E'DDD E'000 E'000 f'000
Repairs &improvements
Council tan		 512
238		 512
238		 22D
217
Water charges 51 52
Insurance 28 28 29
Rent payable 2 2 1
Other costs 151 151 1.6D
983 983 682
Total ministry
communities		 in the 4,452 4,452 4,117
Support for ministry
Lay ministry
&chaplaincies
Network Youth Ministers 241 241 223
and Interns
Chaplains 32 32 29
273 273 252
Training
&ministry
develapment
Ordainedministry:—
Ordinands 350 12'3 479 468
Grants to CCL 25
Curates 11 1l. 3
Ministry development 47 47 263
Lay training 10 10 9
Northern
Mission		 Centre 81 81 21
499 129 628 /89
Restore lCumbria) 15 186
God For Ag strategy
Supportforlocal churches 2 18 11
Reach Team 223 223 250
Pianeering
ministries		 222 222 142
447 16 463 403
Care for church buildings 59 41 123

Unrestricted funds Restricted Endowment Total funds
General Designated Funds Funds 2021 2020
f'000 E'000 f'000 f'OOD E'000 f'000
Ministry
support
National
Church		 275 275 285
Diocesan Church 607 607 543
Psrtnerships 19 19 19
Retired clergy 41 41 41
901 41 942
Total support
for ministry		 2,179 211 2,421 2,641
Total Company
resourcing
mission
&ministry		 6,631 31 211 6,873 6,758
Trairging &ministry
development-
Ivlinistry
development		 (4DI 309 51
Fatal Group resourong
mission &ministry 6,591 380 211 7,182 6,809

Unrestricted funds Restricted Endowment Tata( funds
General
E'000		 Designated
8'ODO		 Funds
f'000		 Funds
E'000		 2021
8'ODD		 2020
f'000
Supportfor church schools 243 30 273 267
Multi Academy Trust suppart 25 25 12
Grants tochurch schools 12 12
42 310 279

Unrestricted funds Restricted Endawment Total funds
General Designated Funds Funds 2021 2020
6'000 f'ODD f'000 E'000 E'DDO f'000
Deficiton fixed assets 50 50 34
Company total 50 SD 34
shareof tossoflointventure
Consolidated
total		 50 50 34

Unrestricted funds Restricted Endowment Total funds
General
6'ODO		 Designated
f'000		 Funds
CDDO		 Funds
f'DOD		 2021
f'000		 2020
f'000
National Churrh 148 148 159
Grants &provisions 18 18 18
Mission Agency pensions 10 10 8
Retired dergy housing 78 78 76
254 254 261

Activities Grant
Undertaken Funding of Support Total costs
Direcdy Activities Costs 2021 2020
F.'000 f'000 6'000 f'000 E'000
Raising funds 105 72 147
Charitable activities:
Resourcing Mission & Mmistry 6,162 637 383 7,182 6,809
Education 245 65 310 279
Rydal Hall 1,014 27 1,041 844
Other 50 50 34
7,576 637 547 8,760 8,113

3,ANA LYS IS OFSUPPOR T COSTS
Vnrestncted funds Restricted Endowment Total funds
General
E'OOD		 Designated
E'DOII		 Funds
E'000		 Funds
OOOO		 2021
f'000		 2020
F.'000
Finance and admlnistratian 247 247 275
Interest cast on def'iced
benefit pension schemes 1 11
Management costs 100 100 97
Human resources 125 125 77
Auditor's remuneration 15 15 15
Governance 59 59 60
547 547 535

Grants to Grants ta Total Total
Institutioos Individuals 2021 2020
Contributions f'000 6'000 f'000 1'000
Fram unrestricted funds:
t Archbishops' Council 254
From restricted funds:
Resourcing
ministry		 and mission:
Grants ta parishes 30 30 26
Grantsforardinands 66 29 115 120
Grants to clergy 90 90 67
Grants to retired clergy 41 41 39
Education —Grants ta schools 12 12
382 160 942 513

ubsidiary
is sh		 own below.
unrestricted funds Restricted Endowment Total funds
General Designated Funds Funds 2021 2020
E'000 E'000 E'000 E'000 E'000 E'000
Turnover 1,358 1,358 468
Other operating income
Government
Grants		 138 138 183
1,496 651
interest receivable
Total Income 1,496 1,496 651.
Cost ofsales 129 129 72
Administrative
expenses		 918 918 809
Total expenditure 1,047 1,047 881
Profit on ordinary activities
before tex 449 449 (230)
Taxation
Profit on ordiners activities
after tax 449 449 (230)
Retained
Profits		 b/f (515) (515) (285)
Retained proats c/f (66) (66) (515)
Other reserves 269 269 269
Totalfunds
carried forward		 203 203 (246)
Fixed assets 60 60 78
fret current assets 143 143 (324)
tiebiiioes
Net assets 203 203 (246)

unrestricted funds Restricted Endowment Totelfunds
General DesIgnated Funds Funds 2021 2020
E'000 E'000 E'000 6'000 DOOO f'000
Turnover 202 202 246
Cost ofsales (13l (13) (4)
Gross profit 189 189 242
Administrative
expenses		 PS) (75) (85)
operating
profit		 114 114 157
interest
payable
Profit/(loss)
on		 ordinary
activities before tax 114 114 157
Taxation (23) (23) (32)
I runt/(loss)
for		 the year 91 91 126
Retained
profits		 b/f 170 170 212
Dividends
paid		 (101) (101) l(168)
Retained profits c/f 160 1.60 170
Called up share capital 7 7 7
Share premium account 693 693 693
Total funds canied forward 860 860 870
Fixed assets 882 882 902
Net current assets 53 53 40
Creditors
falling		 due after
more than one year (75) PS) (72)
Net assets 860 860 870

arried out the newly estab lished
Emman		 uel
Training		 College.
unrestricted funds Restricted Endowment
General oesignated Funds Funds 2021 2020
f'000 6'000 f'000 f'000 f'000 f'000
Income from:
Charitable activities 47 47 91
Total income 47 47 91
Resources expended:
Costs oftraining (46) (46) (86)
Charitable
Grants		 (TI Pl
Net income forthe Tear (el (6)
Retained funds b/I 6
Retained funds c/f
Fixed assets
Net current assets
Creditors
falling
due after
more than one year
Net assets

estore, a sub sidiary
charit		 y ofthe Car)isl e DBF.
Unrestricted funds Restricted Endowment
General Designated Funds Funds 2021 ZDZO
E'000 E'ODO f'000 E'OOD E'000 f'000
Income from:
Turnover 167 167 111
Grants and Donations 51 33 84 85
Government
Grants		 15 15 4
Total income 233 33 266 200
Resources expended:
Casts of Sales 1 2
Adroinistratwe expenses 310 319 130
Total resources expended 320 132
Net income for the year (78) (54) 68
Retained funds b/f 68 68
Retained funds c/f (10) 24 14
Fixed assets 25 25 20
Nei current assets (35) (11) 48
Creditors
falling		 due after
more than one year
Net assess (10) 24 14

0, STAFF C OST S
2021 2020
f'000 f'000
Employee costs during the year were as follows.
Wages and salaries 2,053 1,886
National
insurance		 contributions 169 159
Employer's contributions to defined benefit pension schemes 302 315
Redundancy Costs 23
2,524 2,383
The avemfe number of persons employed by the group during the year:
Number Number
Resourcing ministry and mission 44 47
Education 4 4
Opshops 10 10
Cumbria
Christian		 Learning 1 1
Rydal Hall 31 31
90 93
The average number of persons employed by the group during the year based on fua-time
equivalents: Number Number
Resovrcing ministry and mission 37
Education 3 3
Opshops 5 6
Cumbria
Christian		 Learning 1 1
Rydal Hall 24 25
70
The numbers of staff whose emoluments iincluding benefits in kind but excluding pension
comributions) amounted to more than 860000were asfollows: Number Number
f70,000-E80,000

ppointme n ts
in t		 he dio cese a nd the costs were as follows:
2021 2020
eooo f'000
stioends 2,352 2,432
National insurance contdibutions and apprenticeship levy 200 195
Employer'4 contributions ta defined benefit pensian schemes;
Current year 739 654
Deficit redurtian 160 279
3,451 3,559

Stipend Housing
The Ri8ht Revd James Newcome Yes Yes
The Venerable Dr R Pratt Yes Yes
The Venerable V Ross Yes Yes
The Venerable L5Townend Yes Yes
The Venerable 5J Fyfe Yes Yes

3. ANALYSIS OF TRANS F E RS BE TWE EN FU NDS
IJnrestricted funds Restricted Endowment
General Designated Funds Funds
f'000 f'000 f'000 E'000
From Genera
I Fund to Sustain		 ability Fund (125) 125
From Barchester
Fund for Educational		 support 220 (220)
Transfer from Pastorale/c for housing costs 121 (121)
Parsonage
Houses Fund to Pastoral Account		 622 (622)
Transfer of Histnnc
Parish Offer		 Fund (85) 85
Support of Restore (Cumbria) from General Fund (16) 16
From General
Fund to Stipends		 Capital Fund for
reduction ofdergy pensions deficit (194) 194
Net transfers between
funds		 (79) 226 281 (428)
income
from Rydal Hall		 68 (68)
Grant/Fees to Cumbria
Christian		 Learning (40) 40
Group Net transfers between funds (51) 198 281 (428)
4. TANGIBLE FIXEDASSETS
Consolidated
Freehold Personages Freehold Furniture and Total
Land and Houses improvements Equipment
Buildings
f'000		 f'000 f'000 f'000
Cost or valuation
At 1n January 2021
Additions		 9,005 33,133 131 227
11		 47,496
11
Transfers
Disposals (531) (531)
Revaluations (720) (22) (742)
At 31"December 2021 8,474 3Z,413 131 216 41,234
Deprecladon
At 1n January 2021 76 220
oisposais
Depreciation forthe year
At 31n December 2021 85 147 232
Net gook Value:
At 31n December 2021 8,474 32,413 46 69 41,002
At 31n December 2020 9,005 33,133 55 83 42,276

Company
Freehold parsonages Freehold Furniture and Tata!
Land and Houses Improvements Equipment
Buildings
6'000 6'000 6'000
Cost orvaluation
At 1"January 2021 9,006 33,133 128 42,267
Additions
Transfers
Disposals (332) &332)
Revaluations I720l f720)
At 31"December 2021 8,474 32,413 128 41,013
Depreciation
At 1»)anuary 2021 89
Disposxls
Depreciation for the year
At 31»December 2021 98 98
Net BookValue:
At 31»December 2021 8,474 32,413 30 40,917
At 31» December 2020 9,006 33,133 39 42,178

Consolidated
and Company		 Consolidated
and Company		 Value at Additions Dispasals Transfers Changein Changein Value at 31e
1nJanuary Market Demmber
2021 value 2021
E'00(I E'DDD E'000 E'000
Unrestdicted
Funds
Investment
in joint		 ventures 912 (41) 871
CBFInvestment
Fund		 318 200 45 563
1,230 200 1,434
Designated
Funds
CBFinvestment
Fund		 1,839 13 262 2,114
1,839 13 262 2,114
Restricted
Funds
Investment
properties		 2,245 80 2,325
CBF Property
Fund		 2,869 610 433 3,912
CBF Investment
Fund		 7,018 734 1,052 8,804
12,132 1,344 1,565 15,041
Endowment
Funds
Investment
properties		 9,741 226 9,967
Hydroelectric
Schemes		 912 (48) 864
CBFProperty
Fund		 1,554 265 ?36 2,055
CBFinvestment
Fund		 10,002 720 1,505 12,227
22,209 985 1,919 25,113
Tatal 37,410 2,542 3,750 43,702
Tatal Historical Cost 16,62D 2,542 19,162
SOCIAL INVESTMENTS
Consolidated
and Company
Value at New loans Repaid Transfers Adjustment Value at 31*i
1uJanuary on December
2021 settlement 2021
E'000 E'DDD E'000 E'000
Unrestricted
Funds
Loansto panshes 68 (22) 50
Loan to Emmenvel College 10 10
78 (22)
TOTAL INVESTMENTS
Total Consalldated
Investments 37,488 2,544 (22) 3,752 43,762

6.
DEBTORS
Consolidated Company
2021 2020 2021 2020
6'000 6'000 8'000 6'000
Due within one year
Unrestrrcted
funds
Trade debtors 30 52 30 52
Inter fund balances 1,884 1,583 1,884 1,583
Other debtors $1 86 81 86
1,995 1,721 1,995 1721
Oesisn ated funds
Trade debtors 29
Inter fund balances 431 52$ 431 528
Other debtors 115 24
546 581 431 528
Restricted funds
School debtors 498 622 498 622
Interfund
balances		 63 93 63 93
561 715 561 715
Endowment
Funds
Inter f'und balances 33 33 33 33
33 33 33 33
Total debtors due within one year 3,135 3,050 3,020 2,997

7. DEPOSITS
Consolidated Company
2021 2020 2021 2020
6'000 6'000 6'000 6'000
Unrestrined
funds
CBFDeposit Funds 220 220 220 220
Designated
funds
CBFDeposit Funds 42 44
Restricted funds
CBFDeposit Funds 1,620 1,704 1,620 1704
Deposits with Church commissioners 55 70 55 70
1,675 1,774 1,675 1,774
Endowment
funds
CBFDeposit
Funds		 807 807
Tmal deposits 2,744 2,845 2,705 2,806
g.
CREDITORS: amounts		 falling due within one year
Consolidated Company
2021 2020 2021 2020
ROM 6'000 RMO 6'000
Unrestricted
funds
Sundry credaors encl accruals 1,011 771 1,011 772
inter fund balances 527 517 654
Loan repayment
instalments.
Central Board ofFinance 100 100
Cumberland
Building Sooaty		 100 200 100 200
1,738 1,726 1,738 1,726
Oeslgnatsd
funds
Inter fund balances 35 35
Trade creditors 37
Sundry creditors and accruals 202 167
239 211 35
Restricted funds
Inter fund balances 1,241 1,309 1,241 1,309
Sundry creditors and accruals 1,165 1,388 1,165 1,388
2,697 2,406 2,697
Endowment
funds
Inter fund balances 644 239 239
Clergy pension schema 148 278 148 278
792 517 792 517
Total credbors falling due within one year 5,175 5,151 4,936 4,975

9.
CRED		 I TORS: amounts
falling due after		 more than one year
Consolidated Company
2021 2I020 2021 2020
f.'000 6'000 f'000 6'000
unrestricted
funds
Loan repayment lnstalm ants:
Central Board ofFinance 200 300 200 300
Cumberland Building Society
200 300 200 300
Endowmentfunds
Clergy pension scheme 64
64
Total 0editors falling due after one year 200 364 200 364
he maturity ofthe loans is analysed
as follows.'
2021 2020
f'000 f'000
Between one and two years 100 100
Between two and five years 100 200
In five years or more
300

Unrestricted
Funds
Balance at Balance 31"
tv Ioooary Gains and December
2021 Income Expenditure Transfers losses 2021
6'000 6'000 E'000 E'000 6'000 6'000
General funds
Realised reserve 1,684 7,070 (7,057) (51) 34 1,680
Revaluation
reserve		 596 4 600
2,280 7,070 (7,057) (51) 38 2,280
Designated
Funds
Diocesan Growth		 Fund 1,809 (15) 85 263 2,196
Resoomes Centre 1 2
Ryda( Hall 30D (300)
Svstaioabgity
Fund		 150 125 275
Opshops 77 (16) 16 77
Tata( Company
Designated		 2,337 (331) 226 263 2,549
Cumbr(a Chrltuan Learnfog 7 (47) 40
Restore (Cumbria) 68 248 (301) 15
Rydal Hall Limitotf (246) 1,224 (707) (68) 203
Total Group Designated
Funds 2,166 1,526 (1,386) 198 263 2,767
Total Group unrestricted
Funds 4,446 8,596 (8,443) 147 301 5,047

Restricted Income Funds
Balance at
1"iaau ary		 Gains and Balance 31a
December
2021 Income Expenditure Transfers losses 2021
E'000 E'000 E'DOD 6'000 E'000 6'000
Barcheater
Fund		 7,010 (56) (220) 839 7,821
Stipands
Income		 Fund 60 6D
Pastoral Account 3,858 150 (26) 1,181 623 5,786
Diocesan Houses Fund 9,267 149 (680) 8,736
Parish Property Fund 400 14 (14) 63 463
Retired Clergy &
Dapandants
Income Fund		 SD (42) 11
Sundry Appeal
Funds		 4
other Restdicted Income
Funds 406 140 (129) 40 457
Total Group Restricted
Income Funds 21,008 751 (267) 281 1,565 23,338
Endowment Funds Balance at Balance 31"
tuJanuary Gains and December
2021 income Expenditure Transfers losses 2021
f'000 E'000 f'Ma f'000 f'000 6'000
Permanent Endowment
Funds
supeods Capital Fund 20,302 19 I50) 471 2,058 22,800
Education 41 6 47
PWM World Mission 63 10 73
Readers Board 2 2
General 125 18 143
20,533 (50) 471 2,092 23,065
Expendable Endowment
Funds
Parsonagus Housespund 33,897 179 I899l 33,177
~etired Cleray Jb
oependsnts Euud 1,316 162 1478
35,213 179 f899) 162 34,655
Total Group Endowment
Funds 55,746 198 (5GI f428l 2,254 57,720

Company
Fixed Assets lect Current Liabilities Net Assets tact Assets
Tangible Investments Assets after 1year 2021 Zozo
6'000 6'000 F.'000 f'000 6'000 f'000
Llnrestricted
Funds
General
Funds		 30 1,493 957 (200) 2,280 2,280
Designated
Funds
Diocesan Growth Fund 2,115 81 2,196 1,809
Resources Centre 1 1
Ryda
I Ha il		 300
Sustainability
Fund		 275 275 150
Op5hops 77 77 77
2,115 434 2,549 2,337
Restricted Funds
Barchester
Fund		 7,645 176 7,821 7,010
Stipends Income Fund 60 60
Pastoral Account 5,756 30 5,786 3,858
Diocesan Houses Fund 8,329 75D (343) 8,736 9,267
Parish Property
Fund		 503 (40) 463 400
Retired Clergy Income 23 (12) 11 3
Sundry Appeal Funds 4 4 4
Other income
Funds		 363 94 457 406
8,329 15,04D (31) 23,338 21,008
Permanent
Endowment
Funds
Stipends Capital Fund 23,578 (778) 22,800 20,302
Education 47 47 41
PWM World
Mission		 73 73 63
Readers Board 2 2 2
General 143 143 125
?3,843 l(778) 23,065 20,533
Expendable
Endowment
Funds
Personages
Houses		 Fund 32,413 33,177 33897
Retired Clergy &
Dependents
Fund		 145 1,271 62 1,478 1,316
32,558 1,271 826 34,655 35,213
Total Endowment Funds 32,558 25,11.4 57,720 55,746
Total Company
Funds		 40,917 43,762 1,408 (?00) 85,887 81,371
Umestdicted
Funds
Cumbrla
Christian
Learning 6
Restore (Cambric) 25 (11) 14 68
Rydal Hall Ltd 60 144 204 (245)
Total Consogdated Funds 41002 43,762 1,541 (200) 86,105 81200

reconciliation
ofthe ba		 lance sheet liability isset out below:
2021 2020
E'000 f'000
Balance sheet liability as at 1January 342 692
Oefiat contribution
paid		 (160) (278)
interest cast (recognised in the SOFA) 1 5
Re-measurement
ofthe		 balance sheet liability (36) 23
Balance sheet liability as at31December 148 342
nd has been valued
using the
ecovery
payments:		 following
as		 sumptions
set by		 reference to th e duration
o
December Oeceinber December
2021 2020 2019
Discount Rate 0.0% pa 0.2% pa 1.1%pa
Price Inflation n/a 3.1%pa 2.8% pa
Increase tototal pensionable salary -1.6% pa 1.6% pa 1.3%pa

a contribution
rate fro		 m 47.7~%%d of pensionable
salaries an		 d expenses ofES,800 per year.
2021 ZBZO
f'000 f'OM
Balance sheet liability as at 1January
Contributions
paid
Interest cost (recognised in the SOFAl
Re-measurement
ofthe		 balance sheet liabibty
Balance sheet liability as at 31December