2021-03-31-accounts - The Salisbury Diocesan Board Of Education

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							Page
Reference and Administrative			Details	ofthe Charity,	its Trustees	and Advisors
Trustees' Report							2-12
Independent	Auditor's	Report					13-17
Consolidated	Statement of Financial			Activities			18
Consolidated	Balance	Sheet					19
Charity Balance Sheet							20
Consolidated	Statement ofCash Flows						21
Notes to the	Financial	Statements					22-44

Trustees	and members	The Venerable	A	C MacRow-Wood	C MacRow-Wood	C MacRow-Wood	C MacRow-Wood	C MacRow-Wood
		Mr M Antram
		Mrs A LAze
		Mr T P Balmforth		—resigned			31/7/21
		Mr N Harrison
		Mr D C Pain - resigned				28/1/21
		Mrs M Pearson	- resigned				31/7/21
		Mr N Rees —Vice		Chair
		Reverend J Triffitt
		Mrs J Tubbs
		Mrs C Tunnicliffe
Secretary		Mr G Pugh
Diocesan	Director of Education	Mrs J Tubbs
Charity number		1059195
Company	number	00464306
Registered	office	The Diocesan Education				Centre
		The Avenue
		Wilton
		Salisbury
		Wiltshire
		SP2 OFG
Auditor		Moore (South) LLP
		33The Clarendon		Centre
		Salisbury Business			Park
		Dairy Meadow Lane
		Salisbury
		Wiltshire
		SP1 2TJ
Bankers		Lloyds Bank PLC
		38 Blue Boar row
		Salisbury
		Wiltshire
		SP1 1DB
Solicitors		Parker Bullen LLP
		45 Castle Street
		Salisbury
		Wiltshire
		SP1 3SS
Investment	Manager	CCLA Investment			Management			Ltd
		80 Cheapside
		London
		EC2V 6DZ

		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
		2021	2021	2021	2020	2020	2020
	Note						E
Income from:
Donations and legacies		336,661	155,406	492,067	330,085	148,929	479,014
Charitable activities			2,453,653	2,453,653	5,500		5,500
Other trading activities		206,047	35,496	241,543	318,624	9,310	327,934
Investments			209,412	209,412		227,902	227,902
Other income		16,314	66,461	82,775	151	661,087	661,238
Total income		559,022	2,920,428	3,479,450	654,360	1,047,228	1,701,588
Ex enditure on:
Raising funds		228,399	55,066	283,465	315,367	38,511	353,878
Charitable activities		757,542	2,234,219	2,991,761	770,227	285,699	1,055,926
Total resources expended		985,941	2,289,285	3,275,226	1,085,594	324,210	1,409,804
Net gains/(losses)	on
investments	16		962,806	962,806		(95,609)	(95,609)
Net incoming/(outgoing)
resources before	transfers	(426,919)	1,593,949	1,167,030	(431,234)	627,409	196,175
Gross transfers
between funds		600,000	(600,000)		657 187	(657,187)
Net movement in	funds	173,081	993,949	1,167,030	225,953	(29,778)	196,175
Fund balances at 1
April 2020		11,455	7,713,883	7,725,338	(214,498)	7,743,661	7,529,163
Fund balances at	31
March 2021		184,536	8,707,832	8,892,368	11,455	7,713,883	7,725,338

							2021		2020
					Notes
Fixed assets
Intangible	assets				14				5,512
Tangible assets					15		1,406,245		1,440,768
Investments					16		6,881,470		5,396,108
							8,287,715		6,842,388
Current assets
Debtors					17	341,975		713,509
Cash at bank and		in	hand			1,115,641		587,405
						1,457,616		1,300,914
Creditors:	amounts		falling	due within
one year					18	(852,963)		(417,964)
Net current	assets						604,653		882,950
Total assets less		current		liabilities			8,892,368		7,725,338
Income funds
Restricted	funds				20		8,707,832		7,713,883
Unrestricted	funds						184,536		11,455
							8,892,368		7,725,338

						2021		2020
				Notes
Fixed assets
Tangible assets				15		1,398,077		1,427,226
Investments				16		6,881,471		5,396,109
						8,279,548		6,823,335
Current assets
Debtors				17	339,846		680,829
Cash at bank	and	in	hand		1,018,559		525,351
					1,358,405		1,206,180
Creditors: amounts			falling due within
one year				18	(768,850)		(340,032)
Net current assets						589,555		866,148
Total assets	less	current liabilities				8,869,103		7,689,483
income funds
Restricted funds				20		8,707,833		7,713,883
Unrestricted	funds					161,270		(24,400)
						8,869,103		7,689,483

						2021
				Notes
Cash flows from operating			activities
Cash absorbed by operations				22		841,380		(86,393)
Investing	activities
Purchase	offixed assets						(6,192)
Purchase	of investments				(522,556)		(349,449)
Proceeds	on disposal of other investments						176,000
Dividends,	interest and rents		from investments		209,412		227,902
Net cash	generated from investing
activities						(313,144)		48,261
Net increase in cash and cash equivalents						528,236		(38,132)
Cash and	cash equivalents	at beginning		ofyear		587,405		625,537
Cash and	cash equivalents		at end of	year		1,115,641		587,405

			Unrestricted	Restricted	Total	Total
			funds	funds
			2021	2021	2021	2020
					E'	E
Grants			336,661	155,406	492,067	479,014
For the year ended	31	March 2020	330,085	148,929		479,014
Income from charitable		activities
			Unrestricted	Restricted	Total	Total
			funds	funds
			2021	2021	2021	2020
			f.
SCA and governors	contributions			2,229,510	2,229,510	5,500
Other DFE capital grant		income		224,143	224,143
				2,453,653	2,453,653	5,500
For the year ended	31	March 2020	5,500			5,500

5	Activitie	s fo	r g	enera	ting fund	s
								Unrestricted	Restricted	Total	Total
								funds	funds
								2021	2021	2021	2020
								F
	DFC generated			income					35,496	35,496	9,310
	Educational		Support		Services			206,047		206,047	318,624
								206,047	35,496	241,543	327,934
	For the	year	ended		31 March	2020		318,624	9,310		327,934
6	Investment		income
								Unrestricted	Restricted	Total	Total
								funds	funds
								2021	2021	2021	2020
								F		E	F
	Property	investment			income				4,473	4,473	36,753
	Listed investment			income					203,676	203,676	188,971
	Interest	receivable							1,263	1,263	2,178
									209,412	209,412	227,902
	For the	year	ended		31 March	2020			227,902		227,902
7	Other income
					Unrestricted		Restricted	Total	Unrestricted	Restricted	Total
						funds	funds		funds	funds
						2021	2021	2021	2020	2020	2020
							F	F	F	F	F
	Other income					16,314	66,461	82,775	151	661,087	661,238

				Staff		Other
				costs	Depreciation	costs	Total	Total
				2021	2021	2021	2021	2020
				f	f	E	F
	Maintenance	of let properties				55,066	55,066	38,511
	Trading expenses			129,883	10,886	87,630	228,399	315,367
				129,883	10,886	142,696	283,465	353,878
	For the year ended 31 March 2020			153,312	14,886	185,680		353,878
9	Charitable	activities
				Staff		Other
				costs	Depreciation	costs	Total	Total
				2021	2021	2021	2021	2020
				F	f.	F
	Support for	the church schools
	in the diocese			776,012	29,149	2,172,800	2,977,961	1,042,161
	Other fundraising		costs			13,800	13,800	13,765
				776,012	29,149	2,186,600	2,991,761	1,055,926
	For the year ended 31 March 2020			726,660	35,170	294,096		1,055,926

			Unrestricted	Restricted	Total	Total
			funds	funds
			2021	2021	2021	2020
					E	E
Staff costs			626,362	149,650	776,012	726,660
Depreciation	and impairment		29,149		29,149	35,169
Other DFE capital grants				224,143	224,143	878
SCA capital grants				1,819,072	1,819,072
Insurance premium		for church schools		7,997	7,997	16,200
Travel costs			843		843	13,485
Legal fees				4,468	4,468	117,971
Professional	subscriptions		1,771		1,771	3,749
Resources			58		58	190
Courses and	training		6,344		6,344	9,375
Miscellaneous	expenditure		7,430		7,430	16,776
IT Costs			24,823		24,823	15,613
Consultancy	costs		23,468	20,000	43,468	60,132
Devizes old school expenditure				(2,268)	(2,268)
Other expenses			23,494	11,152	34,646	25,923
Bank charges				5	5	40
Support costs			13,800		13,800	13,765
			757,542	2,234,219	2,991,761	1,055,926
For the year	ended	31 March 2020	770,227	285,699		1,055,926
Analysis of grants		made
				Grants		Grants
				to schools		to schools
				2021		2020
						E
Other DFE capital grants				224,143		878
SCA capital grants				1,819,072
				2,043,215		878

Employees
Staff costs were as follows:	2021	2020
Wages and salaries	686,017	690,854
Social security costs	62,376	62,876
Other pension costs	123,452	126,242
	871,845	879,972

The average	numbe	r of p	ersons employe	d by the Chari	ty during the year was as fo	llows
						2021	2020
						Number	Number
Staff						20	21
Average headcount		expressed as a full		time equivalent:
						2021	2020
						Number	Number
Staff						16	17
The number	of employees		whose annual	remuneration	was 660,000 or more were:
						2021	2020
						Number	Number
In the band	f60,001-870,000
In the band	f70,001-f80,000						1
In the band	280,001-f90,000						1
In the band	F90,001-f100,000						1

Intangible fixed assets (Group and Charity)
	Software
Group
Cost or valuation
At 1 April 2020 and 31 March 2021	24,190
Amortisation
At 1 April 2020	18,678
Charge for the year	5,512
At 31 March 2021	24,190
Carrying amount
At 31 March 2021
At 31 March 2020	5,512

			Leasehold
Group			land and	Fixtures	Office
			buildings	and fittings	equipment	Total
Cost
At 1 April 2020			1,698,592	89,731	48,738	1,837,061
Additions
At 31 March	2021		1,698,592	89,731	48,738	1,837,061
Depreciation	and impairment
At 1 April 2020			271,774	83,801	40,718	396,293
Depreciation	charged	in the year	28,741	2,662	3,120	34,523
At 31 March	2021		300,515	86,463	43,838	430,816
Carrying amount
At 31 March	2021		1,398,077	3,268	4,900	1,406,245
At 31 March	2020		1,426,818	5,930	8,020	1,440,768

			Leasehold
Charity			land and	Fixtures	Office
			buildings	and fittings	equipment	Total
Cost
At 1 April 2020			1,698,592	21,437	30,004	1,750,033
At 31 March	2021		1,698,592	21,437	30,004	1,750,033
Depreciation	and impairment
At 1 April 2020			271,774	21,437	29,596	322,807
Depreciation	charged	in the year	28,741		408	29,149
At 31 March	2021		300,515	21,437	30,004	351,956
Carrying amount
At 31 March	2021		1,398,077			1,398,077
At 31 March	2020		1,426,818		408	1,427,226

								Listed
								investments
Cost or valuation		(Group		and Charity)
At 1 April 2020								5,396,108
Additions								522,556
Valuation changes								962,806
At 31 March	2021							6,881,470
Carrying amount
At 31 March	2021							6,881,470
At 31 March	2020							5,396,108
							2021	2020
Group 8 Charity		material		investments			f	F
CBF Church	of England		Investment			Fund	6,143,925	4,642,477
CBF Church	of England		Property		Fund		737,545	753,631
							6,881,470	5,396,108

16	Fixed asset investments (	continued)
				Listed	Investment
	Charity only		investments		ln subsidiary	Total
	Cost
	At 1 April 2020			5,396,108	1	5,396,109
	Additions			522,556		522,556
	Valuation changes			962,806		962,806
	At 31 March 2021			6,881,470	1	6,881,471
	Historical cost
	At 31 March 2021			5,043,539	1	5,043,540
	At 31 March 2020			4,520,983	1	4,520,984
	Holdings of more than 20%
	The charity holds more than	20% ofthe share capital	of the following	companies:
				Country of	Class of
	Name of undertaking	Nature ofbusiness	incorporation		share held	% held
	SALED Limited (Company
	Number 05369157)	Provision of services	to SDBE	England	Ordinary	100
17	Debtors
			Group		Charity
			2021	2020	2021	2020
	Amounts falling due within one year:		F
	Governors contributions		151,806	168,419	151,806	168,419
	Amount owed by subsidiary	undertaking			24,958
	Trade debtors		94,483	103,693	85,456	96,631
	Other debtors		91,141	106,984	80,995	89,281
	Accrued income		9,354	7,935	1,440	20
	Grants due from the ESFA	and LA's	(4,809)	326,478	(4,809)	326,478
			341,975	713,509	339,846	680,829

				Group		Charity
				2021	2020	2021	2020
Amounts falling		due within	one year:			E
Trade creditors				91,547	55,891	85,872	53,436
Amounts owed	to group undertakings					9,545	9,146
Other taxation	and social security			26,054	26,403
Other creditors	and accruals			192,249	115,348	170,839	100,889
Deferred income				40,519	79,092		35,331
Grants received		in advance			141,230		141,230
SCA capital grants				502,594		502,594
				852,963	417,964	768,850	340,032

	Group		Charity
	2021	2020	2021	2020
			F
PSA membership	40,519	43,761
DBF Grant		26,939		26,939
DFC 8,SCA grants		141,230		141,230
Others		8,392		8,392
	40,519	220,322		176,561

				Group		Charity
				Charitable		Charitable
				commitments		commitments
				accrued		accrued
				2021	2020	2021	2020
				E	f
New grant commitments		charged		1,770,085		1,770,085
Grants paid during	the	year		(1,267,491 )		(1,267,491)
Amount ofgrant commitments			recognised	502,594		502,594

Opening	balance	brought	forward			782,253
Income	received	in year				304,913
Expenditure incurred in year						(495,342)
Transfer	offunds	to clear	governor	contribution	balance	(60,241)
						531,583

						Balance at
	Balance at				Gains/	31 March
	1 April 2019	Income	Expenditure	Transfers	(losses)	2020
Unrestricted funds
General funds - SDBE	(262,107)	335,735	(773,755)	675,727		(24,400)
SALED Limited	47,609	318,625	(311,839)	(18,540)		35,855
	(214,498)	654,360	(1,085,594)	657,187		11,455
Restricted funds
UST Capital account	6,161,097	652,094	(159,042)	(57,187)	(95,609)	6,501,353
UST Income account	1,582,564	246,205	(16,239)	(600,000)		1,212,530
Other restricted grants		148,929	(148,929)
	7,743,661	1,047,228	(324,210)	(657,187)	(95,609)	7,713,883
Total offunds	7,529,163	1,701,588	(1,409,804)		(95,609)	7,725,338

			Unrestricted	Unrestricted		Restricted	Restricted	Total	Unrestricted	Restricted	Total
				funds			funds		funds	funds
				2021			2021	2021	2020	2020	2020
											E
Fund balances at	31	March 2021 are represented					by:
Intangible fixed									5,512		5,512
Tangible assets				1,406,245				1,406,245	1,440,768		1,440,768
Investments						6,881,470		6,881,470		5,396,108	5,396,108
Current assets				(981,736)		2,439,352		1,457,616	(1,158,091)	2,459,005	1,300,914
Current liabilities				(239,973)		(612,990)		(852,963)	(276,734)	(141,230)	(417,964)
				184,536		8,707,832		8,892,368	11,455	7,713,883	7,725,338
Cash generated	from		operations							2021	2020
Surplus for the year									'I,167,030		196,175
Adjustments for:
Investment income		recognised in statement				of	financial	activities		(209,412)	(227,902)
Fair value gains	and	losses		on investments						(962,806)	95,609
Depreciation and	impairment			of tangible	fixed assets					40,035	50,057
Movements in working			capital:
Decrease/(increase)		in	debtors							371,534	(213,986)
Increase in creditors										434,999	13,654
Cash absorbed	by	operations								841,380	(86,393)