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2022-12-31-accounts

The Rt Revd James Newcome (exofficio) 5 (83%)
The Ven Richard Pratt (exofficio) 1(100%) (Resigned 24 January 2022)
The Ven Vernon
Ross		 (exofficio) 6 (100%)
The Ven Lee Townend (exofficio) 4 (67%) (Resigned 31December 2022)
The Ven Stewart
Fyfe		 (exofficio) 3 (60%) (Appointed 24January 2022)
Mr Derek Bradley (elected) 6 (100%)
Miss Janet Busk (elected) 5 (83%)
Mr Rob Cook (elected) 6 (100%)
Mr David Dalgoutte (co-opted) 5 (83%)
Mr John Edwards (co-opted) 5 (83%)
Mr Jim Johnson (elected) 6 (100%)
Mr Nigel Robson (co-opted) 3 (75%) (Appointed 18May 2022)
Mrs Susan Wigley (elected) 6 (100%)

Unrestricted Unrestricted funds Restricted Endowment Endowment Totalfunds Totalfunds
General Designated Funds Funds 2022 2021
Note f'000 f'000 f'000 f'000 f'000 f'000
Income and endowments from
Donations
Parish contributions 4,124 4,124 4,224
Archbishop's
Council		 937 429 1,366 976
Other donations 124 54 23 201 313
Charitable
activities
Fees &chaplaincy income 570 13 583 587
Rydal Hall 15 798 798 935
Sales ofgoods & services 3 28 736 764 201
Other activities 4 345 345 391
Investments 5 965 59 503 6 1,533 1,338
Othersources 6 9 409 208 626 580
Total 7,093 1,656 1,377 214 10,340 9,545
Expenditure
on
Raising funds 191 16 207 177
Charitable
activities
Resourcing
ministry
&		 mission 8 6,879 426 308 7,613 7,182
Education 9 286 24 310 310
Rydal Hall 15 38 1,407 1,445 1,041
Other purposes 10 12 12 50
Total 12 7,394 1,833 360 9,587 8,760
Net income/(expenditure)
before investment gains (301) (177) 1,017 214 753 785
Net gains/(losses) on investments (89) (250) (1,457) (1,709) (3,505) 4,085
Net income/(expenditure) (390) (427) (440) (1,495) (2,752) 4,870
Transfers between funds 23 215 50 (151) (114)
Other recognised gains/(losses)
Gains/(lasses)
on revaluation		 of
fixed assets 42 42
Actuarial gains/(losses) on
defined benefit pension schemes 61 61 35
Net movement
in		 funds (114) (377) (549) (1,609) (2,649) 4,905
Total funds brought forward 2,280 2,767 23,338 57,720 86,105 81,200
Total funds carried forward 2,166 2,390 22,789 56,111 83,456 86,105
Unrestrictedfunds Unrestrictedfunds Restricted Endowment Endowment Total funds
General Designated Funds Funds 2021 2020
Note f'000 6'000 f'000 f'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 142 154 17 313 217
Charitable
activities
Fees &.chaplaincy income 569 18 587 452
Rydal Hall 15 935 935 466
Sales ofgoads 8 services 3 201 201 142
Other activities 4 391 391 361
Investments 5 881 53 404 1,338 1,389
Other sources 6 17 183 182 198 580 711
Total 7,070 1,526 751 198 9,545 9,018
Expenditure
on
Raising funds 163 14 177 147
Chantable
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 50 34
Total 12 7,057 1,386 267 50 8,760 8,113
Net incame/(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 incame/(expenditure) 403 2,049 2,402 4,870 1,993
Transfers between funds (51) 198 281 (428)
Other recognised gains/(losses)
Gains/(losses)
on revaluation		 of
fixed assets
Actuarial
gains/(losses)		 on
defined
benefit pension		 schemes 35 35 (23)
Net movement
in		 funds 601 2,330 1,974 4,905 1,970
Total funds brought forward 2,280 2,166 21,008 55,746 81,200 79,230
Total funds cardied forward 2,280 2,767 23,338 57,720 86,105 81,200

Unrestricted funds Restricted Endowment Totalfunds Totalfunds
Note General
f'000		 Designated
f'000		 Funds
f'000		 Funds
f'000		 2022
E'000		 2021
E'000
Income and endowments from
Donations
Parish contributions 4,124 4,124 4,224
Archbishop's
Council		 937 429 1,366 976
Other donatians 124 23 151 160
Charitable
activities
Fees 8 chaplaincy
income		 570 13 583 587
Rydal Hall 15 53 53 68
Sales ofgoods &services 3 28 28
Other activities 4 345 345 391
Investments 5 965 56 503 6 1,530 1,338
Other 6 409 208 617 397
Tata
I		 7,146 60 1,377 214 8,797 8,141
Expenditure
on
Raising funds 191 16 207 177
Charitable
activities
Resourcing
ministry
&		 mission 8 6,879 189 308 7,376 6,873
Education 9 286 24 310 310
Rydal Hall 15 38 38 335
Other 10 12 12 50
Tata
I		 7,394 189 360 7,943 7,745
Net income/(expenditure)
before investment
gains		 (248) (129) 1,017 214 854 396
Net gains/(losses)
an investments		 (89) (250) (1,457) (1,709) (3,505) 4,085
Net income/(expenditure) (337) (379) (440) (1,495) (2,651) 4,481
Transfers between
funds		 23 162 103 (151) (114)
Other recognised
gains/(losses)
Gains/(losses)
on revaluation		 of
fixed assets 42 42
Actuarial
gains/(losses)		 on
defined benefit pension schemes 61 61 35
. Net movement
in funds		 (114) (276) (549) (1,609) (2,548) 4,516
Total funds brought forward 2,280 2,549 23,338 57,720 85,887 81,371
Total funds carried forward 2,166 2,273 22,789 56,111 83,339 85,887

Unrestricted funds Restricted Endowment Endowment Total funds funds
General Designated Funds Funds 2021 2020
Note 6'000 f'000 f'000 f'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 17 160 200
Charitable
activities
Fees &chaplaincy income 569 18 587 450
Rydal Hall 15 68 68 68
Sales ofgoods & services 3 38
Other activities 4 391 391 361
Investments 5 881 53 404 1,338 1,389
Other 6 17 182 198 397 524
Tota
I		 7,138 54 751 198 8,141 8,310
Expenditure
on
Raising funds 163 14 177 147
Charitable
activities
Resourcing
ministry		 & mission 8 6,631 31 211 6,873 6,758
Education 9 268 42 310 279
Rydal Hag 15 35 300 335 31
Other 10 50 50 34
Tota
I		 7,097 331 267 50 7,745 7,249
Net income/(expenditure)
before investment gains (277) 484 148 396 1,061
Net gains/(losses) on investments 263 1,565 2,254 4,085 1,088
Net income/(expenditure) (14) 2,049 2,402 4,481 2,149
Transfers between funds P9) 226 281 (428)
Other recognised gains/(losses)
Gains/(losses)
on revaluation		 of
fixed assets
Actuarial
gains/(losses)		 on
defined benefit pension schemes 35 35 (23)
Net movement
in		 funds 212 2,330 1,974 '4,516 . 2,126
Total funds brought forward 2,280 2,337 21,008 55,746 81,371 79,245
Total funds carried forward 2,280 2,549 23,338 57,720 85,887 81,371
Total Total
ZOZ2 2021
F'000 E'000
Total income per reconciliation below 10,377 9,959
Resources expended
per reconciliation		 below (9,735) (8,904)
Operating
surplus for		 the year 642 1,055
Interest receivable 19 10
Net gains/(losses)
on		 investments (1,804) 1,831
Net income for the year (1,143) 2,896
Other comprehensive income:
Revaluation
offixed assets		 42
Actuarial
gains/(losses)		 on defined benefit pension schemes 61 35
Total comprehensive income for the year (1,040) 2,931
endowment
funds excluded to comp
continuing
activities.		 ly w ith company ith company law. All income and expenditure
is derived		 from
Reconciliation
ofSummary
Income		 and Expenditure to SOFA Total Total
2022 2021
E'000 E'000
Total incoming
resources per SOFA		 10,348 9,545
Less: interest receivable (19) (10)
total endowment
additions		 (214) (198)
Add: endowment
capital transferred		 to income funds 262 622
Total income per above 10,377 9,959
Resources expended
per SOFA		 9,587 8,760
Less: expenditure
charged to endowment		 capital (50)
Add: income funds reclassified
as endowment		 capital 148 194
Total expenditure
per above		 9,735 8,904

ompany
Number —39		 625
2022 2021
Note F.'000 f'000 f'000 f'000
FIXED ASSETS
Tangible assets 24 41,085 41,002
Investments 25 42,024 43,762
83,109 84,764
CURRENT ASSETS
Stock 8 7
Debtors 26 3,781 3,135
Cash on deposit 27 1,911 2,744
Cash at bank and in hand 1,015 830
6,715 6,716
CREDITORS: amounts falling due within one
year 28 (6,268) (5,175)
NET CURRENT ASSETS 447 1,541
TOTAL ASSETS LESS CURRENT LIABII.ITIES 83,556 86,305
CREDITORS: amounts falling due after more
than one year
Pension scheme liabilities 29
Other creditors 29 (100) (200)
(100) (200)
NET ASSETS 83,456 86,105
FUNDS
Endowment
funds
Including
investment
(2021I'f35,105,000)		 revaluation reserve of633,396,000 56,111 57,720
Restricted income funds
Including
investment		 revaluation reserve of66,889,000
(2021:f8,306,000) 22,789 23,338
Unrestricted
income		 funds:
General funds
—Including		 revaluation reserve off511,000
(2021:f600,000) 2,166 2,280
Designated
funds - Including		 revaluation reserve of6756,000
(2021:f1,007,000) 2,390 2,767
TOTAL FUNDS 308I31 83,456 86,105

ompany
Number —		 396 25
2022 2021
Note f'000 f'000 E'000 E'000
FIXEDASSETS
Tangible assets 24 40,980 40,917
Investments 25 42,024 43,762
83,004 84,679
CURRENT ASSETS
Debtors 26 3,724 3,020
Subsidiary
companies		 159 105
Cash on deposit 27 1,719 2,705
Cash at bank and in hand 836 514
6,438 6,344
CREDITORS: amounts falling due within one
year (6,003) (4,936)
NET CURRENT ASSETS 435 1,408
TOTAL ASSETS LESS CURRENT LIABILITIES 83,439 86,087
CREDITORS: amounts falling due after more
than one year
Pension scheme liabilities 29
Other creditors 29 (100) (200)
(100) (200)
NET ASSETS 83,339 85,887
FUNDS
Endowment
funds
Including
investment		 revaluation reserve of633,396,000
(2021:E35,105,000) 56,111 57,720
Restricted income funds
Including
investment		 revaluation reserve off6,889,000
(2021:E8,306,000) 22,789 23,338
Unrestricted
income funds:
General funds
—Including		 revaluation reserve of6511,000
(2021:6600,000) 2,166 2,280
Designated
funds
—Including		 revaluation
reserve of		 6756,000
(2021:E1,007,000) 2 273 2,549
TOTALFUNDS 308I31 83,339 85,887

2022 2021
f'000 6'000 6'000 6'000
Net cash inflow/(outflow) from operating activities (759) (836)
Cash flows from investing activities
Dividends,
interest and rent from		 investments 1,533 1,338
Interest
paid		 (7) (5)
Proceeds from the sale of:
Tangible fixed assets 1,372 1,599
Investments 484 335
Purchase of:
Tangible fixed assets (1,026) (11)
Fixed asset investments (2,095) (2,542)
Net cash provided
by/(used		 in) investing activities 261 714
Cash flows from financing activities
Repayment
of loans		 (150) (200)
Net cash provided
by/(used		 in) financing activities (150) (2QD)
Change
in cash and cash equivalents		 in the reporting
period (648) (322)
Cash and cash equivalents at 1January 3,574 3,896
Cash and cash equivalents at31 December 2,926 3,574
Reconciliation ofnet movements in funds tonet cash
flow from operating
activities
Net
movement
in funds		 for the year ended 31
December 753 785
Adjustments
for:
Depreciation
charges		 32 12
Dividends,
interest and rent from		 investments (1,533) (1,338)
Interest paid 7 5
Repayment
of loans advanced		 31 22
Advancement
of loans		 (1) (2)
Loss/(profit)
on sale offunctional		 assets (605) (330)
Actuarial gains/(losses)
on		 defined benefit pensions 61 35
Decrease/(increase)
in stock		 (1) (2)
Decrease/(increase)
in debtors		 (646) (85)
Increase/(decrease)
in creditors		 1,143 62
Net cash provided
by/(used		 in) operating activities (759) (836)
Analysis ofcash and cash equivalents
Cash in hand 1,015 830
Notice deposits (less than 3 months) 1,911 2,744
2,926 3,574

(now kn own as 'Ministry
Of		 fer' ).
Unrestricted funds Restricted Endowment Totalfunds
General Designated Funds Funds 2022 2021
E'000 E'000 f'000 f'000 f'000 f'000
Current year
Offer 4,172 4,172 4,196
Shortfall in contributions (95) (95) (115)
4,077 4,077 4,081
Receipts for previous years 47 47 56
Historic Offers Transferred 87
Totallncome 4,124 4,124 4,224
Unrestricted funds Restricted Endowment Totalfunds
General
f'000		 Designated
f'000		 Funds
f'000		 Funds
f'000		 2022
f'000		 2021
E'000
LINC allocation 564 564 572
Strategic Development Grant 356 356 274
Other grants 17 429 446 130
937 429 1,366 976

Unrestdcted funds Restricted Endowment Totalfunds
General Designated Funds Funds 2022 2021
E'000 E'000 f'000 E'000 f'000 6'000
Benefact Trust 90 90 92
Other grants 23 23 17
Donations 34 38 51
Company Total 124 23 151 160
Rydal Hall 3 3 151
Restore (Cumbria) 47 47 2
Group Total 124 54 23 201 313

Fees and chap laincy
income
Unrestricted funds Restricted Endowment Total funds
General Designated Funds Funds 2022 2021
f'000 f'000 f'000 f'000 f'000 f'000
Statutory fees 393 393 385
Chaplaincy 11 11 11
Support for Ministry 159 159 162
Course and other fees
7		 13 20 29
Company Total 570 13 583 587
Course and other fees
Group Total 570 13 583 587
Other sales
Unrestricted funds Restricted Endowment Total funds
General Designated Funds Funds 2022 2021
f'000 f'000 f'000 f'000 f'000 f'000
Education services 28 28
Company Total 28
Rydal
Hall		 468 468
Restore (Cumbria) 268 268 201
Group Total 28 736 764 201
4.
OTHER TRADING ACTIVITIES
Unrestricted funds Restricted Endowment Totalfunds
General
Designated		 Funds Funds 2022 2021
f'000 f'000 000 E'000 f'000 E'000
Parsonage
rents		 345 345 391
345 345 391
5.
INVESTMENT		 INCOME
Unrestricted funds Restricted Endowment Totalfunds
General Designated Funds Funds 2022 2021
f'000 f.'000 f'000 f'000 f'000 f'000
Dividends
receivable		 ' 664 56 449 1,169 1,056
Interest receivable 6 18 30 5
share ofJoint venture loss (41)
Rents receivable 295 331 318
Company total 965 56 503 1,530 1,338
Subsidiary's
interest
Consolidated
total		 965 59 503 1,533 1,338

Unrestricted funds Restricted Endowment Totalfunds
General Designated Funds Funds 2022 2021
E'000 f'000 f'000 E'000 f'000 f'000
Gain on sale of properties 340 208 548 347
Government Grants (covid-19) 17
Sales ofredundant churches 69 69 33
Company Total 409 208 '617 397
Rydal
Hall		 45
Restore (Cumbria) 138
Group Total 9 409 208 626 580
Government/Local Authority grants are made up of:
Company Group
2022 2021 2022 2021
f'000 f'000 E'000 E'000
Coronavirus lob Retention Scheme 17 131
Other Covid-Related Grants 9 69
Tota
I		 17 9 200

Unrestricted funds Restricted Endowment Total funds
General Designated Funds Funds 2022 2021
f'000 E'000 f'000 f'000 E'000 f'000
Investment management 140 16 156 130
Generating voluntary income 51 51 47
191 16 207 ' 177

Ministry in the com munities —stipend cost s
Unrestricted funds Restricted Endowment Total funds
General Designated Funds Funds 2021 2021
f'000 E'000 f'000 E'000 f'000 f'000
Stipends 2,098 26 2,124 2,243
National insurance/Ap. Levy 179 1 180 190
Pension costs 610 9 619 682
Removal, resettlement &
other grants 227 227 120
Other costs 320 75 395 234
3,434 75 3,545 3,469

Ministry
in the communities		 —housing cost s
Unrestricted funds Restricted Endowment Total funds
General Designated Funds Funds 2021 2021
f'000 f'000 f'000 E'000 f'000 f'000
Repairs &improvements 637 644 512
Council tax 233 233 238
Water charges 49 49 52
Insurance 30 30 28
Rent payable 3 3 2
Other costs 165 165 151
1,117 1,124 983
Total ministry
in the
communities		 4,551 75 43 4,669 4,452
Support for ministry
Lay ministry
&chaplaincies
Network
Youth Ministers		 254 254 241
and Interns
Chaplains 33 33 32
287 287 273
Training & ministry
development
Ordained
ministry:-
Ordinands 344 102 446 479
Curates 10 10 11
Ministry development 41 41 47
Lay training
Northern
Mission Centre		 15
128		 19
128		 10
81
538 106 644 628
Restore (Curnbria) 78 15
God For AR strategy
Support for local churches 2 36 24 62 18
Reach Team 260 260 223
Pioneering
ministries		 265 265 222
527 36 24 587 463
Care for church buildings 60 56 116 100

.
RESOURCING MISSION		 AND MINISTRY (continued)
Unrestricted funds Restricted Endowment Total funds
General
6'000		 Designated
6'000		 Funds
f'000		 Funds
f'000		 2021
f'000		 2021
f'000
Ministry support
National
Church		 257 257 275
Diocesan Church 640 640 607
Partnerships 19 19 19
Retired clergy 79 79 41
916 79 995 942
Total support for ministry 2,328 114 265 2,707 2,421
Total Company
resourcing
mission &ministry 6,879 189 308 7,376 6,873
Training &ministry
development—
Ministry
development		 237 237 309
Total Group resourcing
mission &ministry 6,879 426 308 7,613 7,182

.
EDUCATION
Unrestricted funds Restricted Endowment Total funds
General Designated Funds Funds 2022 2021
f'000 f'000 f'000 f'000 f'000 f'000
Support for church schools 286 24 310 273
Multi Academy Trust support 25
Grants to church schools 12
286 310 310

0. OTHER RESOURCES EX PENDED
Unrestricted funds Restricted Endowment Total funds
General Designated Funds Funds 2022 2021
f'000 f'000 f'000 f'000 f'000 f.'000
Deficit on fixed assets 12 12 50
Company total 12 12 50
Share of loss ofjoint venture
Consolidated total 12 50

1.ANA LYSI S OF CONTRIBU TIONS TO A RCHBISHO PS'
COUNC		 PS'
COUNC		 IL IL
Unrestricted funds Restricted Endowment Totalfunds
General Designated Funds Funds 2022 2021
f'000 f'000 E'000 E'000 f'OOD f'000
National Church 13D 13D 148
Grants & provisions 18 18 18
Mission Agency pensions 9 9 10
Retired clergy housing BO BO 78
237 237 254
2. ANALYSIS OF EXPENDITURE INCLUDING
ALLOCATION		 OF SUPPORT COSTS
Actlvlftes Grant
Undertaken Funding of Support Total costs
Directly Activities Costs 2022 2021
E'000 f'000 f'000 f'000 f'000
Raising funds 129 78 207 177
Charitable activities:
Resourcing Mission &Ministry 6,652 417 7,613 7,182
Education 239 71 310 310
Rydal Hall 1,415 30 1,445 1,041
Other 12 12 50
8,447 596 9,587 8,760

3.ANA LYS IS OF SUPPOR T COSTS
Unrestricted funds Restricted Endowment Totalfunds
General Designated Funds Funds 2021 2021
E'000 E'000 E'000 E'000 E'000 f'000
Finance and administration 269 269 247
Interest cost on defined
benefit pension schemes 1
Management costs 107 107 1DD
Human resources 140 140 125
Auditor's remuneration 19 19 15
Governance 61 61 59
596 596 547

Gl'ants to Grants to Total Total
Institutions Individuals 2022 2021
f'000 f'000 f'000 f'000
From unrestricted funds:
Contributions to Archbishops' Council 237 237 254
From restricted funds:
Resourcing
ministry		 and mission:
Grants to parishes 34 34 30
Grants for ordinands 78 30 108 115
Grants to clergy 87 87 90
Grants to retired clergy 76 76 41
Education —Grants to schools 12
349 193 542 542

15. RYDAL HALL
Ryda(Hall
Ltd is a		 wholly owned subsidiary company incorporated in England. On 21December 2017
it became a registered charity. It is the sole owner of a trading company, Ryda(Hall
Trading		 Ltd. Its
principal
activity		 is the operation ofthe Car(isle Diocesan Retreat House and Conference Centre at
Rydal
Hall, Ambleside.		 Ryda(Hall is owned
by the		 Car(isle DBF and leased to the subsidiary. Any
taxable profits made by the subsidiary are donated to the DBF. Audited accounts are filed annually
with
Companies		 House. A summary of the consolidated trading results of Rydal
Hall		 Ltd and its
subsidiary
is shown below.
Unrestricted funds Restricted Endowment Total funds
General Designated Funcls Funds 2022 2021
f'000 f'000 f'000 f.'000 f'000 f'000
Turnover 1,270 1,270 1,358
Other operating
income
Government
Grants		 138
1,278 1,278 1,496
Interest receivable .3
Total income 1,281 1,281 1,496
Cost ofsales 223 223 129
Administrative
expenses		 1,237 1,237 918
Total expenditure 1,460 1,460 1,047
Profit / (loss) on ordinary
activities before tax (179) (179) 449
Taxation
Profit/ (loss) on ordinary
activities after tax (179) (179) 449
Retained
profits b/f		 (66) (66) (515)
Retained
profits c/f		 (245) (245) (66)
Other reserves 269 269 269
Total funds carried forward 24 24 203
Fixed assets 86 86 60
Net current. assets / (62) (62) 143
(liabilities)
Net assets 24 24 203

unrestdcted funds Restricted Endowment Total funds
General Designated Funds Funds 2022 2021
f'000 f'000 f'000 f'000 f'000 f'000
Turnover 248 248 202
Cost ofsales (31) (31) (13)
Gross profit 217 217 189
Administrative expenses (79) (79) (75)
Operating
profit		 138 138 114
Interest payable
Profit/(Loss)
on		 ordinary
activities before tax 138 138 114
Taxation (26) (26) (23)
Profit/(loss) for the year 112 112 91
Retained
profits		 b/f 160 160 170
oividends
paid		 (119) (119) (101)
Retained profits c/f 153 153 160
Called
up share
Share premium		 capital
account		 7
693		 7
693		 7
693'
Total funds carried forward 853 853 860
Fixed assets 861 861 882
Net current assets 68 68 53
Creditors falling due after
more than one year (76) (76) PS)
Net assets 853 853 860

arried out the newly estab lished
Emman		 uel
Trainin		 g College.
Unrestricted funds Restricted Endowment
General
f'000		 Designated
f'000		 Funds
f'000		 Funds
f'000		 2022
f'000		 2021
f'000
Income from:
Charitable
activities		 47
Total income 47
Resources expended:
Costs oftraining (46)
Charitable
Grants		 P)
Net income for the year {6)
Retained funds b/f 6
Retained funds c/f
Fixed assets
Net current assets
Creditors falling due after
more than one year
feet assets

Unrestricted funds Restricted Endowment
General Designated Funds Funds 2022 2021
f'000 f'000 f'000 f'000 f'000 f'000
income from:
Turnover 268 268 167
Grants and Donations 82 62 144 84
Government
Grants		 15
Total income 350 62 412 266
Resources expended:
Costs ofSales 1
Administrative Expenses 277 309 319
Total resources expended 277 32 309 320
Net income for the year 73 30 103 (54)
Retained funds h/f (10) 24 14 68
Retained funds c/f 63 54 117 14
Fixed assets 27 27 25
Net current assets 36 54 90 (11I
Creditors falling due after
more than one year
Net assets 63 54 117 14

0. STAFF COST S
2022 2021
f'000 6'000
Employee costs during the year were as follows:
Wages and salaries 2,234 2,053
Nationalinsurance contributions 200 169
Employer's contributions to defined benefit pension schemes 310 302
2,744 2,524
The average number of persons employed by the group during the year:
Number Number
Resourcing ministry and mission 48 44
Education 4 4
Opshops 10 10
Cumbria
Christian		 Learning 1
Rydal
Hail		 37 31
99 90
The average number of persons employed by the group during the year based on full-time
equivalents: Number Number
Resourcing ministry and mission 41 37
Education 4 3
Opshops 8 5
Cumbria
Christian		 Learning 1
Rydal
Hall		 24
81 70
The numbers
of staff whose ernolurnents		 (including benefits in kind but excluding pension
contributions)
amounted		 to more than f60000were as follows: Number Number
F60,000- 670,000
F70,000 —f80,000
f80,000 -f90,000

ppointme n ts
in t		 he di ocese a nd the costs were as follows:
2022 2021
f'000 6'000
stipends 2,240 2,352
National insurance contributions and apprenticeship levy 192 200
Employer's contributions to defined benefit pension schemes:
Current year 683 739
Deficit reduction 87 160
3,202 3,451

duri ng the yea r:
Stipend Housing
The Right 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 FERS BE TW EN FU NDS
Unrestricted funds Restricted Endowment
General
f'000		 Designated
f'000		 Funds
f'000		 Funds
f'000
From General
Fund to Rydal Fund		 (100) 100
From Barchester
Fund for Educational		 support 209 (209)
Transfer
from Pastora
I a/c for housing		 costs 201 (201)
Parsonage
Houses Fund to Pastoral		 Account 262 (262)
Transfer of Minor Funds to Growth Fund (3)
From General
Fund to Stipends Capital		 Fund for
reduction ofclergy pensions deficit (148) 148
Net transfers between funds 162 103 (151) (114)
Income from Rydal Hall 53 (53)
Group Net transfers
between		 funds 215 50 (151) (114)
4. TANGIBLE FIXED ASSETS
Consolidated
Freehold Personages Freehold Furniture and Total
Land and Houses Improvements Equipment
Buildings
E'000 f'000 f'000 E.'000 f'000
Cost or valuation
At 1n January 2022 8,474 32,413 131 216 41,234
Additions 302 679 5 40 1,026
Transfers
Disposals (575) (575)
Revaluations (96) (240) (336)
At 31e December 2022 8,105 32,852 136 256 41,349
Depreciation
At 1aJanuary
2022		 85 147 232
Disposals
Depreciation
for the year		 23 32
At 31eDecember 2022 94 170 264
Net BookValue:
At 31nDecember 2022 8,105 32,852 42 86 41,085
At 31eDecember 2021 8,474 32,413 46 69 41,002

Company
Freehold Parsonages Freehold Furniture
and		 Total
Land and Houses Improvements Equipment
Buildings
f'000 6'000 E'000 6'000 E'000
Cast ar valuation
At 1~January 2022 8,474 32,413 128 41,015
Additions 302 679 981
Transfers
Disposals (575) (575)
Revaluations (96) (240) (336)
At 31n December 2022 8,105 32,852 128 41,085
Depreciation
At 1"January		 2022 98 98
Dispasals
Depreciation far the year
At31"December 2022 105 105
Net BookValue:
At 3he December 2022 8,105 32,852 23 40,980
At31"December 2021 8,474 32,413 30 40,917

Consolidated and Company and Company Value at Additions Disposals Transfers Change
in		 Value at 31u
1uJanuary Market December
2022 Value 2022
f'000 f'000 f'000 f'000 f'000 E'000
Unrestricted Funds
investment in joint ventures 871 8 879
CBF Investment
Fund		 563 545 (97) 1,011
1,434 545 (89) 1,890
Designated Funds
CBFInvestment
Fund		 2,114 30 (250) 1,894
2,114 (250) 1,894
Restricted Funds
Investment properties 2,325 13D 2,455
CBFProperty
Fund		 3,912 462 (544) 3,830
CBFInvestment
Fund		 8,804 517 (1,042) 8,279
15,041 979 (1,456) 14,564
Endowment Funds
investment properties 9,967 (300) 18 9,685
Hydroelectric Schemes 864 12 876
CBFProperty Fund 2,055 240 (283) 2,012
CBFInvestment
Fund		 12,227 301 (1,455) 11,073
25,113 541 (30D) (1,708) 23,646
Total 43,702 2,095 (300) (3,503) 41,994
Total Historica
ICost		 19,162 2,403 21,565
SOCIAL INVESTMENTS
Consolidated and Company Value at New loans Repaid Transfers Adjustment Value at 31e
1eJanuary on December
2022 settlement 2022
f'000 f'000 f'000 f'000 E'000 E'000
Unrestricted Funds
Loansto parishes 50 (31) 20
Loan to Emmanuel College 10 10
60 (31) 30
TOTAL INVESTMENTS
Total Consolidated
Investments 43,762 2,096 (331) (3,503) 42,024

6.
DEBTORS
Consolidated Company
2022 2021 2022 2021
6'000 6'000 6'000 6'000
Due within one year
unrestricted
funds
Trade debtors 58 30 58 30
Inter fund balances 1,804 1,884 1,804 1,884
Other debtors 84 81 84 81
1,946 1,995 1,946 1,995
Designated
funds
Trade debtors 4
Inter fund balances 350 431 350 431
Other debtors 53 115
407 546 350 431
Restricted funds
School debtors 748 498 748 498
Inter fund balances 674 63 674 63
1,422 561 1,422 561
Endowroeot. Funds
Inter fund balances 33 33
33 33
Total debtors due within one year 3,781 3,135 3,724 3,020

Consolidated Consolidated Company
2022 2021 2022 2021
E'000 f'000 E'000 f'000
Unrestricted funds
CBFDeposit Funds 39 220 39 220
Designated funds
CBFDeposit Funds 222 42 30
Restricted funds
CBFDeposit Funds 1,454 1,620 1,454 1,620
Deposits with Church Commissioners 73 55 73 55
1,527 1,675 1,527 1,675
Endowment funds
CBFDeposit Funds 123 807 123 807
Total deposits 1,911 2,744 1,719 2,705

Consolidated Company
2022 2021 2022 2021
f'000 f'000 f'000 6'000
Unrestricted
funds
Sundry creditors
and		 ace ruala 1,263 1,011 1,163 1,011
Inter fund balances 1,030 527 1,030 527
Loan repayment
instalments:
Central Board ofFinance 100 100 10D 100
Cumberland
Building Society		 50 100 50 100
2,443 1,738 2,443 1,738
Designated
funds
Inter fund balances
Trade creditors 28 37
Sundry creditors and a cereals 237 202
265 239
Restricted funds
Inter fund balances 1,143 1,241 1,143 1,241
Sundry creditors and accruals 1,756 1,165 1,756 1,165
2,899 2,406 2,899 2,406
Endowment
funds
Inter fund balances 661 661 644
Clergy pension scheme 148 148
661 792 661 792
Total creditors falling due within one year 6,268 5,175 6,003 4,936

9.
CRE		 D ITORS: amounts
falling due after		 more than one year
Consolidated Company
2022 2021 2022 2021
f'000 f'000 f'000 f'000
Unrestricted funds
Loan repayment instalments:
Central Board of Finance 100 200 100 200
Cumberland Building Society
100 200 100 200
Total creditors falling due after one year 100 200 100 200
he maturity ofthe loans is analysed
as follows:
2022 2021
f'000 f'000
Between one and two years 100 100
Between two and five years 100
In five years or more
100 200

Unrestricted Funds - 2022
Balance at Balance 3P'
ieJanuary Gains and December
2022
f'000		 Income
f'000		 Expenditure
f'000		 Transfers
f'000		 losses
f'000		 2022
f'000
General funds
Realised reserve 1,680 7,101 (7,394) 215 53 1,655
Revaluation
reserve		 600 (89) 511
2,280 '7,101 (7,394) 215 (36) 2,166
Designated Funds
Diocesan Growth Fund 2,196 60 (36) (250) 1,973
Resources Centre 1 1
Rydal Hall 100 100
Sustainability
Fund		 275 (76) 199
Restore 77 (77)
Total Company
Designated		 2,549 60 (189) 103 (250) 2,273
Cumbria
Christian		 Learning
Restore (Cumbria) 15 315 (237) 93
Rydal Hall Limited 203 1,281 (1,407) (53) 24
Total Group Designated
Funds 2,767 1,656 (1,833) 50 (250) 2,390
Total Group Unrestricted
Funds 5,047 8,757 (9,227) , 265 (286) 4,556

Unrestricted
Funds		 - 2021
Balance at Balance 31n
1*'January Gains and December
2021 Income Expenditure Transfers losses 2021
E'000 E'000 E'000 E'000 E'000 E'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) 2,280
Designated
Funds
Diocesan Growth Fund 1,809 54 (15) 263 2,196
Resources Centre 1 1
Rydal
Hall		 300 (300)
Sustalnablllty
Fund		 150 125 275
opshops 77 (16) 16 77
Total Company
Designated		 2,337 54 (331) 226 263 2,549
Cumbrla
Christian		 Learning 7 (47) 40
Restore (Cumbrla) 68 248 (301) 15
Rydal Hall Limited (246) 1,224 (707) (68) 203
Total Gro' up Designated
Funds 2,166 1,526 (1,386) 198 263 2,767
Total Group Unrestricted
Fullds 4,446 8,596 (8,443) 147 301 5,047

Restricted
Income		 Funds - 2022
Balance Balance 31e
at 1» Gains end December
January Income Expenditure Transfers losses 2022
2022
E'000 E'000 E'000 E'000 E'000 E'000
Barchester Fund 7,821 252 (40) (209) (584) 7,240
Stipends Income Fund 60 60
PastoralAccount 5,786 271 (56) 1,103 (770) 6,334
Diocesan Houses Fund 8,736 340 (12) (1,041) 42 8,065
Parish Property Fund 463 13 (59) 417
Retired Clergy 8 Dependents
Income Fund 59 (78) (8)
Church Commissioners Funds 296 (67) 229
Other Restricted Income
Funds 461 146 (107) (4) (44) 452
Total Group Restricted Income
Funds 23,338 1,377 (360) (151) (1,415) 22,789
Restricted
income		 Funds - 2021 Balance at Balance 31"
1nJanuary Gains and December
2021 Income Expenditure Transfers losses 2021
E'000 E'000 E'000 E'000 E'000 E'000
Barchester Fund 7,010 248 (56) (220) 839 7,821
Stipends income Fund 60 60
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 8
Dependents
Income Fund		 50 (42) 11
Sundry Appeal Funds 4
Other Restricted Income
Funds 406 140 (129) 40 457
Total Group Restricted
Income Funds 21,008 751 (267) 281 1,565 23,338
Endowment Funds
—2		 022
Balance at Balance 31"
1eJanuary Gains and December
2022 Income Expenditure Transfers losses 2022
f'000 f'000 f'000 f'000 f'000 f'000
Permanent Endowment
Funds
stipends Capital Fund 22,800 186 148 (1,523) 21,611
Education 47 (6) 41
PWM World Mission 73 (9) 64
Readers Board 2 2
General 143 (17) 126
23,065 186 148 (1,555) 21,844
Expendable Endowment
Funds
Parsonages Houses Fund 33,177 28 (262) 32,943
Retired Clergy 8
Dependants Fund 1,478 (154) 1,324
34,655 28 (262) (154) 34,267
Total Group Endowment
Funds 57,720 214 (114) (1,709) 56,111

Endowment Funds - 2021
Balance at Balance 31u
lu January Gains end December
2021 Income Expenditure Transfers losses 2021
E'000 E'000 E'000 E'000 E'000 E'000
Permanent Endowment
Funds
stipends CapitalFund 20,302 19 (50) 471 2,058 22,800
Education 41 6 47
PWM World Mission 63 10 73
Readers Board 2 2
General 125 143
20,533 19 (50) 471 2,092 23,065
Expendable Endowment
Funds
Personages Houses Fund 33,897 179 (899) 33,177
Retired Clergy 8
Dependents Fund 1,316 162 1,478
35,213 179 (899) 162 34,655
Total Group Endowment
Funds 55,746 198 (50) (428) 2,254 57,720

Company
Fixed Assets Net Current Liabilities Net Assets Net Assets
Tangible
f'000		 Investments
f'000		 Assets
f'000		 after 1year
f'000		 2022
f'000		 2021
f'000
Unrestricted
Funds
General
Funds		 23 1,920 323 (100) 2,166 2,280
Designated
Funds
Diocesan Growth Fund 1,894 79 1,973 2,196
Resources Centre 1 1 1
Rydal
Hall		 100 100
Sustainability
Fund		 199 199 275
OpShops 77
1,894 379 2,273 2,549
Restricted
Funds
Barchester
Fund		 7,061 179 7,240 7,821
Stipends Income Fund 60 60 60
Pastoral Account 5,919 415 6,334 5,786
Diocesan Houses Fund 7,959 750 (644) 8,065 8,736
Parish Property Fund 463 (46) 417 463
Retired Clergy Income 23 (31) (8) 11
Church Commissioners 229 229
Other Funds 349 103 452 461
7,959 14,565 265 22,789 23,338
Permanent
Endowment
Funds
Stipends
Capital		 Fund 22,249 (638) 21,611 22,800
Education 41 41 47
PWM World Mission 64 64 73
Readers Board 2 2 2
General 126 126 143
22,482 (638) 21,844 23,065
Expendable
Endowment
Funds
Parsonages
Houses Fund		 32,852 91 32,943 33,177
Retired Clergy
gr
Dependants
Fund		 146 1,163 15 1,324 1,478
32,998 1,163 106 34,267 34,655
Total Endowment Funds 32,998 23,645 (532) 56,111 57,720
Total Company
Funds		 40,980 42,024 435 (100) 83,339 85,887
Unrestricted
Funds
Restore (Cumbria) 19 74 93 14
Rydal
Hall Ltd		 86 (62) 24 204
Total Consolidated Funds 41,085 42,024 447 (100) 83,456 86,105

%ofpensionable stipends January 2018to January 2018to January 2021to
December 2020 December 2022
Deficit repair contributions 11.9% 7.1%
reconciliation
ofthe ba		 lance sheet liability:
2022 2021
E'000 E'000
Balance sheet liability
as		 at 1January 148 342
Deficit contribution
paid		 (87) (160)
Interest cost (recognised in the SOFA) 0 1
Re-measurement
ofthe		 balance sheet liability (61) (36)
Balance sheet liability as at 31December 148
ecovery plan were already kn own.
December December December
2022 2021 2020
Discount Rate n/a 0.0% pa 0.2%pa
Price Inflation n/a n/a 3.1%pa
Increase to total pensionable salary n/a -1.5% pa 1.6%pa

a contribution
rate fro		 m 44.6%ofpensionable
salaries an		 d expenses offS,300 per year.
2022 2021
E'000 F.'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 at 31December