2022-03-31-accounts - The Salisbury Diocesan Board Of Education

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						Page
Reference and Administrative			Details	ofthe Charity,	its Trustees and Advisors
Trustees' Report						2-13
Independent	Auditor's	Report				14-18
Consolidated	Statement of Financial			Activities		19
Consolidated	Balance	Sheet				20
Charity Balance Sheet						21
Consolidated	Statement of Cash Flows					22
Notes to the	Financial	Statements				23-46

Trustees and members	Trustees and members	The Venerable	A C MacRow-Wood	A C MacRow-Wood	- Chair
		Reverend RAyer-Hams
		Mrs A LAze
		Mr AJ Brown
		Mr T Farrer
		Mrs S L Hallis
		Mr N Harrison
		Mr N Rees - Vice Chair
		Mr I K Robinson
		Canon J Triffitt
Secretary		Mr G Pugh
Diocesan	Director ofEducation	Canon JTubbs
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
		SP12TJ
Bankers		Lloyds Bank PLC
		38 Blue Boar row
		Salisbury
		Wiltshire
		SP1 1DB
Solicitors		Parker Sullen LLP
		45 Castle Street
		Salisbury
		Wiltshire
		SP13SS
Investment	Manager	CCLA Investment		Management	Ltd
		80 Cheapside
		London
		EC2V 6DZ

		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
	Note	2022	2022 6	2022	2021f	2021 F	2021 8
Income from:
Donations and legacies		329,364	261,079	590,443	336,661	155,406	492,067
Charitable activities			2,010,421	2,010,421		2,453,653	2,453,653
Other trading activities		272,705	3,268	275,973	206,047	35,496	241,543
Investments			223,741	223,741		209,412	209,412
Other income		5,215		5,215	16,314	66,461	82,775
Total income		607,284	2,498,509	3,105,793	559,022	2,920,428	3,479,450
~ECht
Raising funds	8	226,701		226,701	228,399	55,066	283,465
Charitable activities	9	691,719	2,515,834	3,207,553	757,542	2,234,219	2,991,761
Total resources expended		918,420	2,515,834	3,434,254	985,941	2,289,285	3,275,226
Net gains/(losses)	on
investments	15		629,200	629,200		962,806	962,806
Net incoming/(outgoing)
resources before	transfers	(311,136)	611,875	300,739	(426,919)	1,593,949	1,167,030
Gross transfers
between funds		300,000	(300,000)		600,000	(600,000)
Net movement in	funds	(11,136)	311,875	300,739	173,081	993,949	1,167,030
Fund balances at 1
April 2021		184,536	8,707,832	8,892,368	11,455	7,713,883	7,725,338
Fund balances at	31
March 2022		173,400	9,019,707	9,193,107	184,536	8,707,832	8,892,368

					2022		2021
			Notes	F
Fixed assets
Intangible assets			13
Tangible assets			14		1,400,722		1,406,245
Investments			15		7,688,104		6,881,470
					9,088,826		8,287,715
Current assets
Debtors			16	338,088		341,975
Cash at bank and	in	hand		684,691		1,115,641
				1,022,779		1,457,616
Creditors: amounts		falling due within
one year			17	(918,498)		(852,963)
Net current assets					104,281		604,653
Total assets less	current liabilities				9,193,107		8,892,368
Income funds
Restricted funds			19		9,019,707		8,707,832
Unrestricted funds					173,400		184,536
					9,193,107		8,892,368

					2022		2021
			Notes
Fixed assets
Tangible assets			14		1,369,336		1,398,077
Investments			15		7,688,104		6,881,471
					9,057,440		8,279,548
Current assets
Debtors			16	290,748		339,846
Cash at bank	and in	hand		565,953		1,018,559
				856,701		1,358,405
Creditors: amounts		falling due within
one year			17	(784,679)		(768,850)
Net current assets					72,022		589,555
Total assets	less current liabilities				9,129,462		8,869,103
Income funds
Restricted funds			19		9,019,707		8,707,833
Unrestricted	funds				109,755		161,270
					9,129,462		8,869,103

						2022		2021
				Notes
Cash flows from operating			activities
Cash absorbed by operations				21		(440,992)		841,380
Investing	activities
Purchase	offixed assets				(36,266)
Purchase	ofinvestments				(177,433)		(522,556)
Proceeds	on disposal ofother investments
Dividends,	interest and rents		from investments		223,741		209,412
Net cash	generated from	investing
activities						10,042		(313,144)
Net (decrease)/increase		in	cash and cash
equivalents						(430,950)		528,236
Cash and	cash equivalents	at beginning		of year		1,115,641		587,405
Cash and	cash equivalents		at end ofyear			684,691		1,115,641

Long term Leasehold	property	2% straight	line
Long term Leasehold	land	125years straight		line over lease term
Fixtures and fittings		25% straight	line
Office equipment		16% - 33%	straight	line
Computer equipment		15% - 33%	straight	line

				Unrestricted	Restricted	Total	Total
				funds	funds
				2022 f	2022f	2022f	2021f
	SCA				1,451,581	1,451,581	1,914,796
	Governors contributions				135,186	135,186	314,714
	SALEX capital grants				210,500	210,500	29,455
	Trust Funded capital	grants			157,640	157,640
	ITcapital grant				55,514	55,514	194,688
					2,010,421	2,010,421	2,453,653
	For the year ended	31 March 2021			2,453,653		2,453,653
5	Activities for generating		funds
				Unrestricted	Restricted	Total	Total
				funds	funds
				2022f	2022 f	2022f	2021f
	DFC generated income				3,268	3,268	35,496
	Educational Support	Services		272,705		272,705	206,047
				272,705	3,268	275,973	241,543
	For the year ended	31 INarch 2021		206,047	35,496		241,543
6	Investment income
				Unrestricted	Restricted	Total	Total
				funds	funds
				2022 f	2022	2022f	2021f
	Property investment	income			892	892	4,473
	Listed investment income				222,661	222,661	203,676
	Interest receivable				188	188	1,263
					223,741	223,741	209,412
	Forthe year ended	31 March 2021			209,412		209,412

7	Other income
				Unrestricted		Restricted	Total	Unrestricted	Restricted	Total
					funds	funds		funds	funds
					2022	2022	2022	2021	2021	2021
						6		f		6
	Other income				5,215		5,215	16,314	66,461	82,775
8	Cost ofraising funds
						Staff		Other
						costs	Depreciation	costs	Total	Total
						2022 F	2022	2022f	2022 6	2021 E
	Maintenance	of let properties								55,066
	Trading expenses					122,152	13,048	91,501	226,701	228,399
						122,152	13,048	91,501	226,701	283,465
	Forthe year	ended 31		March	2021	129,883	10,886	142,696		283,465
9	Charitable activities
						Staff		Other
						costs	Depreciation	costs	Total	Total
						2022 6	2022 6	2022	2022 F	2021f
	Support for the church schools
	in the diocese					715,700	28,741	147,149	891,590	934,746
	Capital grant	projects on diocese
	properties							2,299,883	2,299,883	2,043,215
	Other fundraising		costs					16,080	16,080	13,800
						715,700	28,741	2,463,112	3,207,553	2,991,761
	For the year	ended 31		March	2021	776,012	29,149	2,186,600		2,991,761

				Unrestricted	Restricted	Total	Total
				funds	funds
				2022	2022	2022	2021
				8	6	8	f
Staff costs				505,867	209,833	715,700	776,012
Depreciation	and impairment			28,741		28,741	29,149
SCA capital projects		grants			1,741,043	1,741,043	1,606,577
Governors capital projects					135,186	135,186	212,495
Other capital	grant funded		projects		423,654	423,654	224,143
Insurance premium		for church schools			5,106	5,106	7,997
Travel costs				5,758		5,758	843
Legalfees				37,305		37,305	4,468
Professional	subscriptions			2,798		2,798	1,771
Resources				114		114	58
Courses and	training			11,288		11,288	6,344
Miscellaneous	expenditure			2,337		2,337	7,430
ITCosts				2,460		2,460	24,823
Consultancy	costs			53,678		53,678	43,468
Devizes old school expenditure							(2,268)
Other expenses				25,293	1,012	26,305	34,646
Bank charges							5
Support costs				16,080		16,080	13,800
				691,719	2,515,834	3,207,553	2,991,761
Forthe year	ended	31March 2021		757,542	2,234,219		2,991,761

Charitable activities (continued)	Charitable activities (continued)
		SCA Grant		SCA Grant
		Committed		Committed
Analysis ofgrants made		during	21/22	during	20/21
			6		f
Child Okeford			49,503		55,982
Durweston			55,644		60,598
Hampreston			87,746
Langton Matravers			6,742		14,412
Lyme Regis St Michaels					25,916
Marnhull, St Gregory's		260,645		138,864
Milton-on-Stour			61,733
Mosterton, Parrett &Axe			49,500
New Forest			11,930	134,221
Portesham			67,645
Powerstock			984
Kennet Valley					11,754
Salway Ash			9,657
Shaftesbury, The Abbey			72,900
Semley			106		31,500
Evershot Sticklands			21,356		31,639
Stoborough			33,121		35.212
Symondsbury			38,700
Thorners' Litton Cherney			(1,618)		19,800
Verwood Trinty First			(2,147)		26,842
Weymouth, St Nicholas	8 StLaurence		2,771		53,963
Wimborne St Giles			51,338
Winterbourne Valley		131,036
Western Downland			54,216		43,110
Wool CE VA Primary				115,506
Wylye Valley Aldbourne St Michael's		1,223 (13,210)			50,781 38.054
Alderbury &West Grimstead			9,961		27.558
Bemerton			3,145
Broad Chalke			2,478
Chilmark 8 Fonthill Bishop			29,299		69,947
Chilton Foliat			52,321		26,233
Coombe Bissett		102,994		108,435
Cranborne			(8,386)		56,352
Crockerton			36,578		3,183
Derry Hill			20,394
Downton		114,389			56,727
Hindon			(124)		51,331
Laverstock StAndrews			16,121		16,614
Pitton					20,767
Porton St Nicholas			71,949		76,028
Serum St Martine			(2,847)		21,087
Serum St Paula			83,123	184,159
Sticklands			(443)
Whiteparish			23,107
Winterslow			86,216
Tilshead			27,237
Other			22,010
		1,741,043		1,606,577

10	Support	costs - governance	costs - governance
				Unrestricted	Restricted	Total	Total
				funds	funds
				2022f	2022	2022 F	2021 f.
	Auditors'	remuneration		13,650		13,650	10,600
	Auditors'	non audit costs		3,850		3,850	3,200
	Trustees	expenses reimbursed
				17,500		17,500	13,800
	For the	year ended 31 March 2021		13,800			13,800
11	Net movement in funds					2022	2021
	Net movement in funds is stated after charging/(crediting)
	Amortisation - intangible		fixed assets				5,512
	Depreciation oftangible		fixed assets - owned	by the charitable group		41,789	34,523
	Auditor's	remuneration	- audit			13,650	10,600
	Auditor's	remuneration	- other services			3,850	3,200

Employees
Staff costs were as follows:	2022f	2021f
Wages and salaries	649,945	686,017
Social security costs	63,330	62,376
Other pension costs	124,576	123,452
	837,851	871,845

The average	numbe	r of pe	rsons employe	d by the Chari	ty during the year was as fo	llows
						2022	2021
						Number	Number
Staff						18	20
Average headcount		expressed as a full		time equivalent;
						2022	2021
						Number	Number
Staff						15	16
The number	ofemployees		whose annual	remuneration	was f60,000 or more were:
						2022	2021
						Number	Number
In the band	f60,001-f70,000
In the band	f70,001-f80,000
In the band	f80,001-f90,000
In the band	f90,001-f100,000

Group	Softwaref
Cost or valuation
At 1 April 2021 and 31 March 2022	24,190
Amortisation
At 1 April 2021	24,190
At 31 March 2022	24,190
Carrying amount
At 31 March 2022
At 31 March 2021

			Leasehold
Group			land and	Fixtures	Office
			buildings	and fittings	equipment	Total
Cost
At 1 April 2021			1,698,592	89,731	48,738	1,837,061
Additions				36,266		36,266
At 31 March	2022		1,698,592	125,997	48,738	1,873,327
Depreciation	and impairment
At 1 April 2021			300,515	86,463	43,838	430,816
Depreciation	charged	in the year	28,741	11,245	1,803	41,789
At 31 March	2022		329,256	97,708	45,641	472,605
Carrying amount
At 31 March	2022		1,369,336	28,289	3,097	1,400,722
At 31 March	2021		1,398,077	3,268	4,900	1,406,245
			Leasehold
Charity			land and	Fixtures	Office
			buildings	and fittings	equipment	Total
Cost
At 1 April 2021			1,698,592	21,437	30,004	1,750,033
At 31 March	2022		1,698,592	21,437	30,004	1,750,033
Depreciation	and impairment
At 1 April 2021			300,515	21,437	30,004	351,956
Depreciation	charged	in the year	28,741			28,741
At 31 March	2022		329,256	21,437	30,004	380,697
Carrying amount
At 31 March	2022		1,369,336			1,369,336
At 31 March	2021		1,398,077			1,398,077

									Listed
									investmentsf
Cost or valuation	(Group and Charity)
At 1 April 2021									6,881,470
Additions									177,433
Valuation changes									629,200
At 31 March 2022									7,688,103
Carrying amount
At 31 March 2022									7,688,103
At 31 March 2021									6,881,470
								2022	2021
Group 8 Charity	material		investments					6
CBF Church of England		Investment			Fund			6,839,968	6,143,925
CBF Church of England		Property		Fund				848,135	737,545
								7,688,103	6,881,470
							Listed	Investment
Charity only						investments		in	Total
								subsidiary
Cost
At 1 April 2021 '							6,881,470		6,881,471
Additions							177,433		177,434
Valuation changes							629,200		629,200
At 31 March 2022							7,688,103	1	7,688,104
Historical cost
At 31 March 2022							5,220,973		5,220,973
At 31 March 2021							5,043,539	1	5,043,540
Holdings of more	than 20%
The charity holds more than 20%of				the	share capital ofthe following		companies:
Name of undertaking			Nature		ofbusiness	Country of incorporation		Class of share held	%held
SALED Limited (Company
Number 05369157)			Provision of services to SDBE				England	Ordinary	100

		Group		Charity
		2022	2021	2022	2021
Amounts falling due within	one year:	6
Governors contributions		69,533	151,806	69,533	151,806
Amount owed by subsidiary	undertaking			625	24,958
Trade debtors		90,149	94,483	60,995	85,456
Other debtors		42,429	91,141	38,378	80,995
Accrued income		88,904	9,354	74,144	1,440
Grants due from the ESFA		47,073	(4,809)	47,073	(4,809)
		338,088	341,975	290,748	339,846

	Group		Charity
	2022	2021	2022	2021
Amounts falling due within one year:		6	F	6
Trade creditors	75,386	91,547	69,918	85,872
Amounts owed to group undertakings				9,545
Other taxation and social security	43,506	26,054
Other creditors and accruals	98,617	192,249	83,964	170,839
Deferred income	156,254	40,519	86,062
SCA capital grants	544,735	502,594	544,735	502,594
	918,498	852,963	784,679	768,850

	Group		Charity
	2022	2021	2022	2021
		F
PSA membership	43,192	40,519
DARE Grant	86,062		86,062
Others	27,000
	156,254	40,519	86,062

Opening	balance	brought	forward			531,583
Income	received	in year				275,276
Expenditure incurred in year						(190,669)
Transfer	offunds	to clear	governor	contribution	balance	(13,459)
						602,731

Statement offunds
						Balance at
	Balance at				Gains/	31 March
	1 April 2021	Income	Expenditure	Transfers	(losses)	2022
					f	f
Unrestricted funds
General funds - SDBE	161,269	340,204	(691,719)	300,000		109,754
SALED Limited	23,267	267,080	(226,701)			63,646
	184,536	607,284	(918,420)	300,000		173,400
Restricted funds
UST Capital account	7,411,361				629,200	8,040,561
UST Income account	886,033	227,008	(6,119)	(300,000)		806,922
SCA Capital Funds	410,438	1,451,582	(1,741,042)			120,978
Governors contribution		135,186	(135,186)
Other Capital Funds		423,654	(423,654)
Other restrtcted grants		261,079	(209,833)			51,246
	8,707,832	2,498,509	(2,515,834)	(300,000)	629,200	9,019,707
Total offunds	8,892,368	3,105,793	(3,434,254)		629,200	9,193,107

										Balance at
			Balance at						Gains/	31 March
			1 April 2020	Income		Expenditure		Transfers	(losses)	2021
Unrestricted funds
General funds -	SDBE		(24,400)		343,211	(757,542)		600,000		161,269
SALED Limited			35,855		215,811	(228,399)				23,267
			11,455		559,022	(985,941)		600,000		184,536
Restricted funds
UST Capital account			6,501,353			(52,798)			962,806	7,411,361
UST Income account			1,212,530		285,973	(12,470)		(600,000)		886,033
SCA Capital Funds				2,229,510		(1,819,072)				410,438
Other Capital Funds					224,143	(224,143)
Other restricted	grants				180,802	(180,802)
			7,713,883	2,920,428		(2,289,285)		(600,000)	962,806	8,707,832
Total offunds			7,725,338	3,479,450		(3,275,226)			962,806	8,892,368
Analysis ofnet	assets		between funds
			Unrestricted	Restricted		Total	Unrestricted		Restricted	Total
			funds		funds			funds	funds
			2022		2022	2022		2021	2021	2021
			6		6	F		f	f	E
Fund balances at 31		March 2022 are represented			by:
Intangible fixed
Tangible assets			1,400,722			1,400,722		1,406,245		1,406,245
Investments				7,688,104		7,688,104			6,881,470	6,881,470
Current assets			(939,621)	1,962,400		1,022,779		(981,736)	2,439,352	1,457,616
Current liabilities			(287,701)	(630,797)		(918,498)		(239,973)	(612,990)	(852,963)
			173,400	9,019,707		9,193,107		184,536	8,707,832	8,892,368

21	Cash generated from operations	Cash generated from operations				2022	2021
	Surplus for the year					300,739	1,167,030
	Adjustments for:
	Investment income recognised	in statement		offinancial	activities	(223,741)	(209,412)
	Fair value gains and losses on	investments				(629,200)	(962,806)
	Depreciation and impairment oftangible		fixed assets			41,789	40,035
	Movements in working capital:
	Decrease/(increase) in debtors					3,886	371,534
	Increase in creditors					65,535	434,999
	Cash absorbed by operations					(440,992)	841,380
22	Financial commitments, guarantees		and	contingent	liabilities/assets