## |||||||Page| |---|---|---|---|---|---|---| |Reference and Administrative
Details|||ofthe Charity,||its Trustees and Advisors|| |Trustees'
Report||||||2-12| |Independent|Auditor's|Report||||13-16| |Consolidated|Statement of Financial||Activities|||17| |Consolidated|Summary|Income and|Expenditure|Account||18| |Consolidated|Balance|Sheet||||19| |Charity Balance Sheet||||||20| |Consolidated|Statement ofCash Flows|||||21| |Notes to the|Financial|Statements||||22-45| ## |Trustees and members|Trustees and members|The Venerable||A C MacRow-Wood|A C MacRow-Wood|A C MacRow-Wood|A C MacRow-Wood|- Chair| |---|---|---|---|---|---|---|---|---| |||Reverend RAyer-Harris||||||| |||Mrs A LAze||||||| |||Mr AJ Brown||||||| |||Mr T Farrer||||||| |||Mrs S L Hallis|(resigned|||24/11/22)||| |||Mr N Harrison||||||| |||Mr N Ress - Vice Chair||||||| |||Mr
I K Robinson||||||| |||Canon J Triffitt||||||| |Secretary||Mr G Pugh||||||| |Diocesan|Director ofEducation|Canon JTubbs||(resigned||1/9/23)||| |||K Fitzsimmon s||(appointed||1/9/23)||| |Charity number||1059195||||||| |Company|number|00464306||||||| |Registered|office|The Diocesan|Education|||Centre||| |||The Avenue||||||| |||Wilton||||||| |||Salisbury||||||| |||Wiltshire||||||| |Auditor||Moore (South)|LLP|||||| |||33The Clarendon
Centre||||||| |||Salisbury Business|||Park|||| |||Dairy Meadow|Lane|||||| |||Salisbury||||||| |||Wiltshire||||||| |Bankers||Lloyds Bank PLC||||||| |||38 Blue Boar row||||||| |||Salisbury||||||| |||Wiltshire||||||| |||SP1 1DB||||||| |Solicitors||Parker Bullen LLP||||||| |||45 Castle Street||||||| |||Salisbury||||||| |||Wiltshire||||||| |||SP13SS||||||| |Investment|Manager|CCLA investment|||Management||Ltd|| |||80 Cheapside||||||| |||London||||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||Unrestricted|Restricted|Total|Unrestdicted|Restricted|Total| |---|---|---|---|---|---|---|---|---|---| |||||funds|funds||funds|funds|| |||||2023|2D23|2023|2022|2022|2022| ||||Note|6|6|6|6||6| |Income from:|||||||||| |Donations
and||legacies||310,292|593,057|903,349|329,364|261,079|590,443| |Charitable
activities||||2,250|1,333,237|1,335,487||2,010,421|2,010,421| |Other trading|activities|||262,614||262,614|272,705|3,268|275,973| |Investments||||10,125|236,436|246,561||223,741|223,741| |Other income||||6,967||6,967|5,215||5,215| |Total income||||592,248|2,162,730|2,754,978|607,284|2,498,509|3,105,793| |d|||||||||| |Raising funds|||8|234,797||234,797|226,701||226,701| |Charitable
activities|||9|767,529|1,735,661|2,503,190|691,719|2,515,834|3,207,553| |Total resources expended||||1,002,326|1,735,661|2,737,987|918,420|2,515,834|3,434,254| |Net gains/(losses)|||on||||||| |investments|||15||(382,514)|(382,514)||629,200|629,200| |Net incoming/(outgoing)|||||||||| |resources before|||transfers|(410,078)|44,555|(365,523)|(311,136)|611,875|300,739| |Gross transfers|||||||||| |between
funds||||1,669,336|(1,669,336)||300,000|(300,000)|| |Net movement||in funds||1,259,258|(1,624,781)|(365,523)|(11,136)|311,875|300,739| |Fund balances||at 1|||||||| |April 2022||||173,400|9,019,707|9,193,107|184,536|8,707,832|8,892,368| |Fund balances||at|31||||||| |March 2023||||1,432,658|7,394,926|8,827,584|173,400|9,019,707|9,193,107| ## ## |||||2023|2022| |---|---|---|---|---|---| |||||6|6| |Income||||2,508,417|2,882,052| |Gains on investments|||||629,200| |Interest and|investment|income||246,651|223,741| |Gross income||||2,754,978|3,734,993| |Expenditure||||2,709,246|3,404,152| |Losses on investments||||382,514|| |Depreciation|offixed assets|||28,741|28,741| |Total expenditure||||3,120,501|3,432,893| |Net income|before tax|for the|financial year|(365,523)|302,100| |Tax on net|income from|ordinary|activities||(1,361)| |||||(365,523)|300,739| ## ## ## ## ## ||||||2023||2022| |---|---|---|---|---|---|---|---| ||||Notes|6||8|| |Fixed assets|||||||| |Tangible assets|||14||1,340,595||1,369,336| |Investments|||15||7,662,016||7,688,104| ||||||9,002,611||9,057,440| |Current assets|||||||| |Debtors|||16|341,414||290,748|| |Cash at bank|and in|hand||112,694||565,953|| |||||454,108||856,701|| |Creditors: amounts||falling due within|||||| |one year|||17|(720,597)||(784,679)|| |Net current assets|||||(266,489)||72,022| |Total assets|less current liabilities||||8,736,122||9„129,462| |Income funds|||||||| |Restricted funds|||19||7,394,926||9,019,707| |Unrestricted|funds||||1,341,196||109,755| ||||||8,736,122||9,129,462| ## ## ||||2023||2022| |---|---|---|---|---|---| ||Notes|6|||| |Cash flows from operating
activities|||||| |Cash absorbed
by operations|21||(305,168)||(440,992)| |Investing
activities|||||| |Purchase offixed assets
Purchase of investments
Proceeds on disposal ofother investments||(356,426)||(36,266)
(177,433)|| |Dividends,
interest and rents from investments||246,561||223,741|| |Net cash generated
from investing|||||| |activities|||(109,865)||10042| |Net (decrease)/increase
in cash and|cash||||| |equivalents|||(415,033)||(430,950)| |Cash and cash equivalents
at beginning|of year||684,691||1,115,641| |Cash and cash equivalents
at end of|year||269,658||684,691| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---|---|---| |||||funds|funds||| |||||2023|2023|2023|2022| |||||6|6|6|f| ||SCA||||1,088,686|1,088,686|1,451,581| ||Governors
contnbutions||||221,993|221,993|135,186| ||SALEX capital grants||||||210,500| ||Trust Funded capital|grants|||22,558|22,558|157,640| ||ITcapital grant||||||55,514| ||Funding
from ESFA|||2,250||2,250|| |||||2,250|1,333,237|1,335,487|2,010,421| ||Forthe year ended|31 March 2022|||2,010,421||2,010,421| |5|Activities for generating||funds||||| |||||Unrestricted|Restricted|Total|Total| |||||funds|funds||| |||||2023
6|2023f|2023f|2022
6| ||DFC generated
income||||||3,268| ||Educational
Support|Services||262,614||262,614|272,705| |||||262,614||262,614|275,973| ||Forthe year ended|31March 2022||272,705|3,268||275,973| |6|Investment
income||||||| |||||Unrestdicted|Restricted|Total|Total| |||||funds|funds||| |||||2023|2023|2023|2022| |||||6|6|6|F| ||Property
investment|income|||530|530|892| ||Listed investment
income||||235,007|235,007|222,661| ||Interest receivable|||10,125|899|11,024|188| |||||10,125|236,436|246,561|223,741| ||For the year ended|31 March 2022|||223,741||223,741| ## ## |7|Other income||||||||| |---|---|---|---|---|---|---|---|---|---| ||||Unrestricted|Restricted||Total|Unrestricted|Restricted|Total| ||||funds|funds|||funds|funds|| ||||2023f|2023f||2023
f|2022
f|2022
f|2022
f| ||Other income||6,967|||6,967|5,215||5,215| |8|Cost ofraising funds||||||||| |||||Staff|||Other||| |||||costs||Depreciation|costs|Total|Total| |||||2023f||2023f|2023
f|2023f|2022
f| ||Maintenance
of 1st properties||||||||| ||Trading expenses|||103,103||11,188|120,506|234,797|226,701| |||||103,103||11,188|120,506|234,797|226,701| ||Forthe year ended 31||March 2022|122,152||13,048|91,501||226,701| |9|Charitable
activities||||||||| |||||Staff|||Other||| |||||costs|Depreciation||costs|Total|Total| |||||2023
f||2023
f|2023|2023f|2022| ||Support for the church schools||||||||| ||in the diocese|||807,903||28,741|274,041|1,110,685|891,590| ||Capital grant projects on diocese||||||||| ||properties||||||1,372,305|1,372,305|2,299,883| ||Other fundraising|costs|||||20,200|20,200|16,080| |||||807,903||28,741|1,666,546|2,503,190|3,207,553| ||Forthe year ended 31 March 2022|||715,700||28,741|2,463,112||3,207,553| ## ## ## |||||Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---|---|---| |||||funds|funds||| |||||2023|2023|2023|2022| |||||f||8|f| |Staff costs||||541,556|266,347|807,903|715,700| |Depreciation|and impairment|||28,741||28,741|28,741| |SCA capital projects||grants|||1,127,754|1,127,754|1,741,043| |Governors
capital projects|||||221,993|221,993|135,186| |Other capital|grant funded||projects||22,558|22,558|423,654| |Insurance
premium||for church schools|||9,923|9,923|5,106| |Travel costs||||12,961||12,961|5,758| |Legalfees||||35,920|11,000|46,920|37,305| |Professional|subscriptions|||6,323||6,323|2,798| |Resources||||77||77|114| |Courses and|training|||3,273||3,273|11,288| |Miscellaneous|expenditure|||5,164||5,164|2,337| |ITCosts||||6,389||6,389|2,460| |Consultancy|costs|||60,169||60,169|53,678| |Devizes old school expenditure|||||||| |Other expenses||||47,051|76,086|123,137|26,305| |Support costs||||19,905||19,905|16,080| |||||767,529|1,735,661|2,503,190|3,207,553| |Forthe year|ended|31 March 2022||691,719|2,515,834||3,207,553| ## ## |Charitable
activities (continued)|Charitable
activities (continued)||| |---|---|---|---| |||SCA Grant|SCA Grant| |Analysis of grants made||Expenditure
during
22/23|Expenditure
during
21/22| |||6|6| |Child Okeford||29,719|49,503| |Durweston||38,375|55,644| |Hampreston||39,999|87,746| |Langton
Matravers|||6,742| |Lyme Regis St Michaels||89,197|| |Marnhull,
StGregory's
Milton-on-Stour||(34,600)
45,061|260,645
61,733| |Mosterton,
Parrett &Axe||42,307|49,500| |New Forest
Portesham||(8,257)
2,866|11,930
67,645| |Powerstock||1,247|984| |Kennet Valley||(2,766)|| |Salway Ash
Sandford St Martine||37,202
87,440|9,657| |Shaftesbury,
The Abbey||2,437|72,900| |Semley||39,224|106| |Evershot Sticklands||(4,140)|21,356| |Stoborough||27,365|33,121| |Symondsbury
Thomers'
Litton Cherney
Verwood
Trinty First
Weymouth,
StNicholas
Wimborne StGiles|&St Laurence|(6,092)
(3,618)
69,760|38,700
(1,618)
(2,147)
2,771
51,338| |Winterbourne
Valley||7,184|131,036| |Western
Downland||107,501|54,216| |Wylye Valley
Aldbourne
St Michael's
Alderbury
&West Grimstead||37,430
16,330
48,274|1,223
(13,210)
9,961| |Broad Chalke
Chapmanslade||(4,362)
78,186|2,478| |Cherill||50,659|| |Chilmark
& Fonthill Bishop||81,782|29,299| |Chilton Foliat
Coombe Bissett||43,412|52,321
102,994| |Cranborne
Crockerton||6,842|(8,386)
36,578| |Derry
Hill||23,993|20,394| |Downton||13,147|114,389| |Hindon
Laverstock StAndrews
Porton St Nicholas
Serum St Martine
Serum StPaula
Sticklands
Whiteparish||(1,350)
8,991
24,855
43,565
29,598
66,841|(124)
16,121
71,949
(2,847)
83,123
(443)
23,107| |Winterslow
Tilshead
Other||(11,048)
(2,925)
(33,877)|86,216
27,237
25,155| |||1,127,754|1,741,043| ## ## |10|Support|costs - governance|costs - governance||||| |---|---|---|---|---|---|---|---| |||||Unrestricted|Restricted|Total|Total| |||||funds|funds||| |||||2023
f|2023f|2023f|2022
f| ||Auditors'|remuneration||16,600||16,600|13,650| ||Auditors'|non audit costs||3,135||3,135|3,850| ||Trustees|expenses
reimbursed||170||170|| |||||19,905||19,905|17,500| ||For the|year ended 31 March 2022||17,500|||17,500| |11|Net movement
in funds|||||2023|2022| ||Net movement
in funds is stated after charging/(crediting)||||||| ||Amortisation
- intangible||fixed assets||||| ||Depreciation
oftangible||fixed assets - owned|by the chantable
group||39,929|41,789| ||Auditor's|remuneration|- audit|||16,600|13,650| ||Auditor's|remuneration|-other services|||3,135|3,850| ## |12|Employees|||||| |---|---|---|---|---|---|---| ||Staff costs were as follows:||||2023|2022| ||||||6|6| ||Wages and salaries||||717,679|649,945| ||Social security costs||||65,060|63,330| ||Other pension costs||||128,267|124,576| ||||||911,006|837,851| ||The average number|ofpersons
employed||by the Charity during the year was as follows||| ||||||2023|2022| ||||||Number|Number| ||stan||||19|18| ||Average headcount|expressed as a full time equivalent:||||| ||||||2023|2022| ||||||Number|Number| ||stan||||15|15| ||The number of employees||whose annual|remuneration|was 660,000or more were:|| ||||||2023|2022| ||||||Number|Number| ||In the band 660,001-670,000|||||| ||In the band 570,001-680,000|||||| ||In the band 680,001-690,000|||||| ||In the band 690,001-6100,000|||||| ## ## |Director|of Education|- Canon J Tubbs| |---|---|---| |Deputy Director of Education||- Mr G Pugh| |Assistant|Director of Education|- Mrs A Christopher| |Group|Softwaref| |---|---| |Cost or valuation|| |At 1 April 2022 and 31 March 2023|24,190| |Amortisation|| |At 1 April 2022|24,190| |At 31 March 2023|24,150| |Carrying
amount|| |At 31 March 2023|| |At 31 March 2022|| ## ||||Leasehold|||| |---|---|---|---|---|---|---| |Group|||land and|Fixtures|Office|| ||||buildings|and fittings|equipment|Total| |Cost||||||| |At 1 April 2022|||1,698,592|125,997|48,738|1,873,327| |At 31 March|2023||1,698,592|125,997|48,738|1,873,327| |Depreciation|and impairment|||||| |At 1 April 2022|||329,256|97,708|45,641|472,605| |Depreciation|charged|in the year|28,741|10,156|1,032|39,929| |At 31 March|2023||357,997|107,864|46,673|512,534| |Carrying
amount||||||| |At 31 March|2023||1,340,595|18,133|2,065|1,360,793| |At 31 March|2022||1,369,336|28,289|3,097|1,400,722| ||||Leasehold|||| |Charity|||land and|Fixtures|Office|| ||||buildings|and fittings|equipment|Total| |Cost||||||| |At 1 April 2022|||1,698,592|21,437|30,004|1,750,033| |At 31 March|2023||1,698,592|21,437|30,004|1,750,033| |Depreciation|and impairment|||||| |At 1 April 2022|||329,256|21,437|30,004|380,697| |Depremation|charged|in the year|28,741|||28,741| |At 31 March|2023||357,997|21,437|30,004|409,438| |Carrying
amount||||||| |At 31 March|2023||1,340,595|||1,340,595| |At 31 March|2022||1,369,336|||1,369,336| ## ## ## ## ||||||||||Listed| |---|---|---|---|---|---|---|---|---|---| ||||||||||investments| |Cost or valuation|(Group|and Charity)|||||||| |At 1 April 2022|||||||||7,688,103| |Additions|||||||||376,426| |Valuation
changes|||||||||(382,514)| |At 31 March 2023|||||||||7,662,015| |Carrying
amount|||||||||| |At 31 March 2023|||||||||7,662,015| |At 31 March 2022|||||||||7,688,103| |||||||||2023|2022| |Group
& Charity|material||investments||||||6| |CBFChurch of England||Investment|||Fund|||6,947,260|6,839,968| |CBFChurch of England||Property||Fund||||714,755|848,135| |||||||||7,662,015|7,688,103| ||||||||Listed|Investment|| |Charity only|||||||investments|in|Total| |||||||||subsidiary|| |Cost|||||||||| |At 1 April 2022|||||||7,688,103||7,688,104| |Additions|||||||376,426||376,426| |Valuation
changes|||||||(382,514)||(382,514)| |At 31 March 2023|||||||7,662,015|1|7,662,016| |Historical cost|||||||||| |At 31 March 2023|||||||5,597,399||5,597,399| |At 31 March 2022|||||||5,220,973||5,220,973| |Holdings of more|than 20%||||||||| |The charity holds more than 20%of||||the share capital ofthe following companies:|||||| |Name of undertaking|||Nature||of|business|Country of
incorporation|Class of
share held|%held| |SALED Limited (Company|||||||||| |Number 05369157)|||Provision|||ofservices to SDBE|England|Ordinary|100| ## ## ## ## ## |||||Group||Charity|| |---|---|---|---|---|---|---|---| |||||2023|2022|2023|2022| |Amounts
falling due|within||one year:|6|6|6|8| |Governors
contributions||||95,178|69,533|95,178|69,533| |Amount owed by subsidiary||undertaking||||1,271|625| |Trade debtors||||77,517|90,149|68,281|60,995| |Other debtors||||13,405|42,429|7,267|38,378| |Accrued income||||77,650|88,904|76,630|74,144| |DFC not drawn
down||||92,787|47,073|92,787|47,073| |||||356,537|338,088|341,414|290,748| |Within governors
contributions|||balance, there are|621,948 (2022:|622,762)due after one year.||| |Creditors: amounts|falling||due within one year||||| |||||Group||Chadity|| |||||2023|2022|2023|2022| |Amounts
falling due|within||one year:|6|6|E|6| |Trade creditors||||70,912|75,386|66,856|69,918| |Amounts
owed to group undertakings|||||||| |Other taxation
and social security||||23,563|43,506||| |Other creditors
and accruals||||184,233|98,617|170,768|83,964| |Deferred income||||145,574|156,254|85,836|86,062| |SCA capital grants||||397,137|544,735|397,137|544,735| |||||821,419|918,498|720,597|784,679| ||Group||Charity|| |---|---|---|---|---| ||2023|2022|2023|2022| ||6|6||8| |PSA membership|33,646|43,192||| |St Deny's grant|85,836||85,836|| |DARE Grant
Others|26,092|86,062
27,000||86,062| ||145,574|156,254|85,836|86,062| ## ## ## |||||||Group||Charity|| |---|---|---|---|---|---|---|---|---|---| |||||||Charitable||Charitable|| |||||||commitments||commitments|| |||||||accrued||accrued|| |||||||2023|2022|2023|2022| |||||||6|6||6| |Opening|balance|||||544,735|502,594|544,735|502,594| |New grant commitments||||charged||1,259,933|1,852,026|1,259,933|1,852,026| |Grants|paid|during|the year|||(1,401,547)|(1,626,631)|(1,401,547)|(1,626,631)| |Underspent||project|during 2022/23|||(5,984)|(183,254)|(5,984)|(183,254)| |Amount|ofgrant commitments||||recognised|397,137|544,735|397,137|544,735| ## |||||||||6| |---|---|---|---|---|---|---|---|---| |Opening|balance||brought||forward|||602,731| |Income|received||in year|||||826,957| |Expenditure||incurred||in year||||(574,502)| |Transfer|of|funds|to|clear|governor|contribution|balance|(36,081)| |||||||||819,105| ## ## ## ||||||||||||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
contributions|||||135,186|(135,186)||||| ||Other Capital Funds|||||423,654|(423,654)||||| ||Other restricted|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| |20|Analysis ofnet|assets||between funds|||||||| |||||Unrestricted|Restricted||Total|Unrestricted||Restricted|Total| |||||funds||funds|||funds|funds|| |||||2023||2023|2023||2022|2022|2022| |||||f||8|6||f.|f|f| ||Fund balances at 31||March 2022 are represented|||by.|||||| ||Intangible
fixed||||||||||| ||Tangible assets|||1,360,793|||1,360,793||1,400,722||1,400,722| ||Investments||||7,662,015||7,662„015|||7,688,104|7,688,104| ||Current assets|||232,841|393,354||626,195||(939,621)|1,962,400|1,022,779| ||Current
liabilities|||(160,976)|(660,443)||(821,419)||(287,701)|(630,797)|(918,498)| |||||1,432,658|7,394,926||8,827,584||173,400|9,019,707|9,193,107| ## ## ## |21|Cash generated
from operations|Cash generated
from operations||||2023|2022| |---|---|---|---|---|---|---|---| ||||||||6| ||Deficit/surplus
for the year|||||(365,523)|300,739| ||Adjustments
for:||||||| ||Investment
income recognised|in statement||offinancial|activities|(246,561)|(223,741)| ||Fair value gains and losses on|investments||||382,514|(629,200)| ||Depreciation
and impairment
oftangible||fixed assets|||39,929|41,789| ||Movements
in working
capital:||||||| ||Decrease/(increase)
in debtors|||||(18,449)|3,886| ||Increase
in creditors|||||(97,079)|65,535| ||Cash absorbed
by operations|||||(305,168)|(440,992)| |22|Financial commitments,
guarantees||and|contingent|liabilities/assets||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ##