§ Mr. FlynnTo ask the hon. Member as representing the Church Commissioners how much of the income from each source shown in the consolidated statement on page 24 of the Church Commissioners' annual report for 1996 was(a) restricted and (b) unrestricted. [1842]
§ Mr. Stuart BellAll the income identified in the question was unrestricted. The Commissioners' restricted income, i.e. income which it is not within the Commissioners' discretion to allocate between their general objectives, is dealt with in the note on page 45 of their annual report.
§ Mr. FlynnTo ask the hon. Member as representing the Church Commissioners how much of the £145.9 million net income shown in the consolidated statement on page 24 of the Church Commissioners' annual report for 1996 contributes to the surplus of £1.9 million mentioned in note 28 on the accounts. [1840]
§ Mr. BellThe short table may help to explain the relationship between these figures.
35W
£ million Consolidated Commissioners only Net income after interest and asset management Costs 145.9 138.8
£ million Consolidated Commissioners only Total expenditure on behalf of the church (136.2) (136.2) Commissioners own administrative costs (0.7) (0.7) Surplus of income over expenditure for the year 9.0 1.9 The reason for the consolidated income exceeded the Commissioners' own income is that the income of the Commissioners' subsidiary companies in 1996 exceeded the dividends they paid to the Commissioners in that year.