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2022-03-31-accounts

Trustees		Rev. P Butler
		Canon L Burton
		Rev. M Hobrough
		Miss. S Milner
		Rev. J Robertson
		Rev. D Rushton
		M Stand
		A Fowler
		P Howarth
		Prof. SForrest
Charity	number	527411
Auditor		Azets Audit Services
		Bede House
		Belmont Business Park
		DURHAM
		United Kingdom
		DH1 1TW
Bankers		National Westminster	Bank PLC
		12Market Place
		Durham
		County Durham
		United Kingdom
		DH1 3NG

		Page
Trustees' report		1-3
Statement ofTrustees'	responsibilities
Independent auditor's	report
Statement offinancial	activities
Balance sheet
Notes to the financial	statements	10-15

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				2022		2021
			Notes	F		f
Fixed assets
Investments			10		9,500,830		8,705,974
Current assets
Debtors			12	68,959		66,890
Cash at bank and	in	hand		191,643		149,226
				260,602		216,116
Creditors: amounts		falling due within
one year			13	(50,898)		(41,471)
Net current assets					209,704		174,645
Total assets less	current liabilities				9,710,534		8,880,619
Capital funds
Endowment funds					2,241,355		2,241,355
Income funds
Unrestricted funds	-	designated			7,047,025		6,252,169
Unrestricted funds	-	general			422,154		387,095
					9,710,534		8,880,619

Unrestricted	Unrestricted
funds	funds
general	general
2022	2021
	f
276,598	264,449

				Advancement of	Advancement of
				Higher &Further	Higher &Further
				Education	Education
				2022	2021
					K
Grant	funding	ofactivities (see note 5)		225,402	246,650
Share	ofsupport costs (see note 6)			5,937	'l1,300
Share	ofgovernance		costs (see note 6)	10,200	4,260
				241,539	262,210

				Advancement of	Advancement of
				Higher &Further	Higher &Further
				Education	Education
				2022f	2021
Grants to institutions:
North East Religious	Learning	&Resource Centre		124,000	124,000
St Hild 8 St Bede Chaplaincy				2,000	2,000
St Hild's College Church of England			School	8,000	8,000
College Chaplain				38,502	30,689
Organ Scholarship				2,400	2,400
Continuing Ministerial	Development			4,000	4,500
Church Schools &Academies				20,000	35,000
Growing Faith Project				9,000	9,000
RETeacher Training	Unit			10,000	30,000
Grants to Individuals				5,300
Lindisfarne College ofTheology				2,200	1,061
				225,402	246,650

Support	c	osts
			Support	Governance	2022Support costs		Governance	2021
			costs	costsf		f	costs f
Staff costs			1,401		1,401	5,965		5,965
Rent			2,000		2,000	3,300		3,300
Postage 8		Stationery	570		570	300		300
Conference		fees 8
travelling	expenses		94		94	252		252
Subscriptions			323		323	150		150
Insurances
			1,549		1,549	1,333		1,333
Audit and	accountancy
fees				10,200	10,200		4,260	4,260
			5,937	10,200	16,137	11,300	4,260	15,560
Analysed	between
Charitable		activities	5,937	10,200	16,137	11,300	4,260	15,560

The average	monthly number ofemployees during th	e year was.
		2022	2021
		Number	Number
Clerk
Employment	costs	2022f	2021 f
Wages and	salaries	1,401	5,965

						Unrestricted	Unrestricted
						funds	funds
						designated	designated
						2022	2021
						E
	Revaluation	of investments				794,856	1,315,220
10	Fixed asset	investments
					Listed	Unlisted	Total
					investments	investments
					E	f
	Cost or valuation
	At 1 April 2021				8,705,349	625	8,705,974
	Valuation changes				794,856		794,856
	At 31 March	2022			9,500,205	625	9,500,830
	Carrying amount
	At 31 March	2022			9,500,205	625	9,500,830
	At 31 March	2021			8,705,349	625	8,705,974
11	Financial instruments					2022	2021
						f	f
	Carrying amount of		financial assets
	Instruments measured		at fair value through	profit or loss		9,500,205	8,705,349
12	Debtors
						2022	2021
	Amounts falling due		within one year:			F
	Other debtors					68,959	66,890
13	Creditors: amounts		falling due within one year
						2022	2021
							f
	Trade creditors					7,698	7,711
	Other creditors					31,000	31,000
	Accruals and	deferred	income			12,200	2,760
						50,898	41,471