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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|—Chair|
|---|---|---|---|---|---|---|---|---|---|
|||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||||||||
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|||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||2020||
|---|---|---|---|---|---|---|---|---|---|
|||||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|
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||||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|
##
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|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|
##
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##
||||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|
##
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##
##
|13|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)|
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