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|---|---|---|---|---|---|---|---|
|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|||
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|||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|
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||||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)|
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|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|
|phMMkIq~|phMMkIq~|||
|---|---|---|---|
|The Right Reverend|Dr. A.T. L.Wilson|G 5|derson JP|
|Chairman||Director||
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|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|
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|||||||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|
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||||||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|
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|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|
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|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|
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|||||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|
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||||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|
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||||||||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|