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2020-12-31-accounts

Page
Directors' Annual Report 2
Objectives and Activities 2
Achievements and Performance 3
Future Plans 5
Financial Review 5
Structure, Governance
and Management		 7
Principal Risks and Uncertainties 10
Reference and Administrative
Details		 12
Independent
Auditor's
Report		 14
Statement of Financial Activities 19-20
Income and Expenditure
Account		 21
Balance Sheet 22
Statement of Cash Flows 23
Notes to the Financial Statements 24
CE Church of England
CBF Central Board ofFinance ofthe Church of England
CCLA CCLA Investment
Management		 Limited
CSUST Church Schools Uniform Statutory Trust
DfE Department
for Education
DFC Devolved
Formula
Capital
DT(O)L Diocesan Trustees (Oxford) Limited
LA Local Authority
LCVAP Locally Co-ordinated
Voluntary		 Aided Programme
MAT Multi Academy Trust
ODBE Oxford Diocesan Board of Education
ODBF Oxford Diocesan Board of Finance
ODBST Oxford Diocesan Bucks Schools Trust
ODES Oxford Diocesan Education Services Limited
ODST Oxford Diocesan Schools Trust
Ofsted Office for Standards
in Education
SACRE Standing
Advisory
Council on Religious		 Education
SIAMS Statutory
Inspection ofAnglican		 and Methodist Schools
SLA Service Level Agreement
SLT Senior Leadership
Team
SOFA Statement of Financial Activities
VASCA Voluntary
Aided Schools Condition		 Allocation

Unrestricted Restricted Endowment Total Total
Funds Funds Funds Funds Funds
2020 2019
Note f'000 f'000 f'000 E'000
INCOME AND ENDOWMENTS FROM
Donations
and grants		 2.1
Grants from CSUST 444 87 531 479
Grants from ODBF 382 382 344
Grants from DfE 3,717 3,717
Job Retention
Scheme grant		 32 I 32
858 3,804 4,662 823
Charitable
Activities:		 2.2
School premises
related income		 315 315 290
School service agreement 227 227 264
Training
and consultancy
services to schools 139 25 164 217
Admission
Appeals		 44 44 51
725 25 750 822
Investments 12 16 15
Total Income 1,587 3,841 5,428 1,660
EXPENDITURE ON: Charitable Activities
School leadership
and
governance
support		 1,218 1,218 1,334
School premises
related support		 273 2,512 2,785 322
Admission
and Appeals service		 48 48 53
Total Expenditure 3.1 1,539 2,512 4,051 1,709
Net income /(expenditure)
before gains on investments 48 1,329 1,377 (49)
Gains on investments 20 28 62
Net income and net movement
in funds 48 1,337 20 1,405
Reconciliation
offunds:
Total funds brought
forward		 363 569 291 1,223 1,210
Total funds carried forward 411 1,906 311 2,628 1.223

Total Total
2020 2019
f'000 f'000
Income 5,428 1,660
Expenditure (4,051) (1,709)
Operating surplus / (deficit) for the year 1,377 (C9)
Net gains on investments 8 17
Net income / (expenditure) for the year 1,385 (32)

BALANCE SHEE T aS at 31DeCember 2020
Comp		 any
No. 0707		 1809(England and Wales
2020 2019
Note f'000 f'000
FIXEDASSETS
Tangible assets 7 8
Investments 426 398
Total Fixed Assets 406
CURRENT ASSETS
Debtors 10 168 300
Cash at bank 2,694 1,290
Tota I Current Assets 2,862 1,590
Creditors: Amounts falling due within one year 12 (567) (673)
Net Current Assets 2,295 917
Total Assets Less Current Liabilities 2,728 1.323
Creditors: Amounts falling due after more than one year (100) (100)
NET ASSETS 2,628 1.223
THE FUNDS OF THE CHARITY
Endowment
Funds		 14 311 291
Restricted
Funds		 15 1,906 569
General
Funds		 411 363
Total Charity Funds 2,628 1.223
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The Right Reverend Dr. A.T. L.Wilson G 5 derson JP
Chairman Director

ncome from Donations
Total Total
2020 2019
f'000 5'000
Annual
support
grant from CSUST		 521 430
Other CSUST grants 10 49
Total grants from CSUST 531 479
Annual
ODBF grant		 269 264
Common
Vision grants: Chaplaincy		 &Church/Schools 110 77
relationships
Other Diocesan grants
Total Diocesan grants from ODBF 382 344
DfEgrants (note 4) 3,717
Job Retention
Scheme grant		 32
Total grants 4,662 823
2.2 Income from Charitable
Activities
School premises
related income		 315 290
School Service Level Agreements 227 264
Training
and consultancy
services		 to schools 139 208
Admissions
Appeals		 44 51
Total Unrestricted
Income from Charitable		 Activities 725 813
Restricted income from Training and Consultancy Services to 25
Schools
Total Income from Charitable
Activities		 750 822
2.3 Income from Investments
Interest Receivable —Unrestricted 4 4
Dividends
Receivable —Restricted		 12 11
16 15

2020 2019
Direct Support Total Total
Costs Costs Costs Costs
(Note 3.2)
f'000 f'000 f'000 f'000
Schools Leadership and Governance Support 1,077 141 1,218 1,322
School Premises Related Support 214 59 273 321
Admissions
and		 Appeals Service 40 8 48 53
Total Unrestricted Expenditure 1.331 208 1,539 1,696
School Leadership and Governance Support 12
School Premises Related Support 2,512 2,512 1
Total Restricted Expenditure 2,512 2,512 13
Total Expenditure on Charitable Activities 3,843 208 4,051 1,709

3.2 Support C os ts
School School Admissions 2020 Total 2019Total
Leadership & Premises &Appeals
Governance Related Service
Support Support
f'000 f'000 f'000 f'000 f'000
Governance (Note 3.3) 12 3 1 16 23
Finance 38 28 2 68 67
Information Technology 27 8 2 37 37
Human
Resources		 22 6 1 29 29
Other Overhead Costs 42 14 2 58 66
Total 141 59 8 208 222
3.3 Governance costs
2020 2019
f'000 f'000
Audit Fees 7 7
Statutory Costs and Legal Fees 9 13
Committee Costs 3
16 23

2020 2019
f'000 f'000
Expenditure on School Building Improvements 5 IT Equipment 2,809 3,521
Funded
by:
Department for Education (DfE) —LCVAP 929 3,197
Department for Education (DfE) —VASCA 1,687
Local Authorities (LAs) 76
School Governors and other 193 248
2,809 3,521

N OTES TO THE FINANCIAL
STATEMEN		 TS (Cont'd. )
8 TANGIBLE FIXEDASSETS
Computer Office Total
Equipment Equipment
f'000 f'000 f'000
Cost at 1January 2020 23 28
Additions
Cost at 31December 2020 26 31
Depreciation
at 1January 2020		 15 20
Charge for the Year
Depreciation
at 31December 2020		 19 24
Net book values at 31December 2020
Net book va/ues at31December 2019
9 INVESTMENTS
Endowment Restricted Total
Funds Funds
f'000 f'000 f'000
Market Value at 1January 2020 291 107 398
Unrealised
Gains in the Year		 20 8 28
Market Value at 31December 2020 311 115 426
Historical Cost of Investments 20 74 94

2020 2019
f'000 f'000
Amounts due within one year:
Debtors for School Buildings Work 61 114
Other Debtors 97 173
Prepayments and Accrued Income 10 13
168 300

NO TES TO THE FI NANCIAL STATEME NTS (Co nt'd. )
11 CASH AT BANK
2020 2019
f'000 f'000
General Deposit and Current Accounts 2,694 1,290
12 CREDITORS
2020 2019
f'000 f'000
Amounts falling due within one year:
Funding for School Building Works Received in Advance 169 450
including amounts due under the LCVAP that operated until
31March 2020 (see Note 4)
Expense Creditors 59 55
Accruals and Deferred Income (Note 13) 297 108
Taxation and Social Security 42 60
567 673
Amounts falling due after more than one year:
Loan from CSUST 100 100

DEFERRE D INCOME
2020 2019
f'000 f'000
Balance at 1January 97 121
Amounts added
in current year		 84 97
Amounts released to income from prior years (97) (121)
Balance at 31December 84 97

Balance at Investment Balance at
1January Gains 31December
2020 2020
f'000 f'000 f'000
Hills Bequest for Schools 145 10 155
ODBE Thatcham & Newbury Educational Charity 146 10 156
Total 291 20 311

Balance at Income Expenditure Investment Balance at
1January Gains 31December
2020 2020
f'000 f'000 f'000 f'000 f'000
Building Improvement Scheme 401 3,804 (2,512) 1,693
Hills Bequest for Schools 43 5 48
ODBEThatcham & Newbury Educational
Charity 125 7 140
Other 25 25
Total 569 3,841 (2,512) 1,906

Fixed Assets & Cash at Debtors Liabilities Total
Investments Bank
f'000 f'000 f'000 f'000 f'000
Endowment
Funds
Hills Bequest for Schools 155 155
ODBEThatcham 5 Newbury Charity 156 156
Total Endowment Funds 311 311
Restricted
Funds
Building Improvement
Scheme		 2,102 60 (469) 1,693
Hills Bequest for Schools 48 48
ODBE Thatcham &.Newbury Charity 114 26 140
Other 25 25
Total Restricted Income Funds 114 2,201 60 (469) 1,906
General Funds 493 108 (198) 411
Total Net Assets at 31December 2020 433 2,694 168 (667) 2,628

Unrestricted Restricted Restricted Restricted Restricted Endowment Endowment Endowment Total Funds
Funds Funds Funds 2019
Note E'000 E'000 E'000 E'000
INCOME AND ENDOWMENTS FROM:
Donations 2.1
Grants from CSUST 479 479
Grants from ODBF 344 344
823 823
Charitable
Activities:		 2.2
School premises related income 290 290
School service agreement 264 264
Training and consultancy
services		 to schools 208 217
Admission
Appeals		 51 51
813 822
Investments 2.3 15
Total Income 1,640 20 1,660
EXPENDITURE ON: Charitable Activities
School leadership
and governance		 support 1.322 12 1,334
School premises related support 321 1 322
Admission
and Appeals service		 53 53
Total Expenditure 1,696 1,709
Net (expenditure)/income before gains on
investments (56) (49)
Gains on investments 17 45 62
Net (expenditure)/income and net (56) 45
movement
infunds
Reconciliation offunds:
Totalfunds brought forward 419 545 246 1,210
Totalfunds carried forward 363 569 291 1.223
The Statement of Financial Activities (SOFAj includes all gains and losses recognised in the year. All income and
expenditure
derives from continuing		 activities. The notes on pages 21-35 support the above figures.
At 31December 2019,the above funds were represented by the following net assets:-
t 31Decemb er 2019,the above funds were represented
by the following		 net assets:-
Fixed Assets 8 Cash at Debtors Liabilities Total
Investments bank
E'000 E'000 E'000 E'000 E'000
Endowment Funds 291 291
Restricted Funds 107 898 114 (550) 569
Unrestricted Funds 8 392 186 (223) 363
Total 406 1,290 300 (773) 1,223