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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||||
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|||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|
##
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|||||||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|
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|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|
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|||||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|
##
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|||||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|
##
|12|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|||||||
##
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##
|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|
##
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##
||||||||||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|
##
##
|19|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|
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|||||||||||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|
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|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|||
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