2021-12-31-accounts - Lincoln Diocesan Board Of Education

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Contents
Report ofthe Director ofEducation ..
Obfectlves.
Activities .
Achievements and performance.
Financial Review.	.15
Plans for future periods..	..17
Factors affecting our success...	.17
Statement ofTrustees' Responsibilities ..	.19
Disclosure ofinformation to Auditor. .	.19
Structure, Governance and Management,	.20
Reference and Administrative Details ofthe Charity: itemised ..	.25
Independent auditor's report tothe members ofDncoln Diocesan Board ofEducation. .....	....27
Statement of Financial Activities ..	..30
Balance Sheet ..	..31
Statement ofCash Flows	..32
Notes tothe Financial Statements .	.33

Reference and Administrative Details ofthe Charity	Reference and Administrative Details ofthe Charity	Reference and Administrative Details ofthe Charity
Name ofthe Charity		Lincoln Diocesan Board ofEducation
Company	registration number	08334622 registered in England and	Wales
Charity registration number		1151733
Trustees		The constitution ofthe Board ofEducation and appointment		ofDirectors is
		described in the section on "Structure, Governance and Management"			on pages
		18et seq.
		Trustees in post atthe date ofsigning ofthis report are shown on page 25.
Diocesan Director ofEducation Mr Paul Thompson
Contact information		The registered oflice ofthe company	and principal trading address ofthe charity
		with other contact details are shown	on page 25at the back ofthe Report.
Professional	advisers	Details are shown on page 24.
Objectives
Objects as	set out In the Articles
	Church schools serving their communities		through excellence,
	exploration and encouragement within		the love ofGod.
	The Diocese of	Lincoln Is called to faithful worship, confident discipleship and joyful
	service and our Church Schools bear witness to our belief		that every child Is made	In the
	Image ofGod and loved by him. They were founded		forthe good oftheir local
	communities	so that children can be educated through the values and stories of
		Christianity.

Surnbme"	Forename(s)	Date appointed	Committee	Appointment
Adnftt	Michael lain	01/01/19	F&A	CO-OPTED
Allain-
Chapman	Justine Penelope Heathcote	19/04/22	n/a	BN
Bacon	Julie Kathleen	21/11/20	L&D

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The Board delegates	business	business	to two sub-committees. Committee responsibilities are broadly	to two sub-committees. Committee responsibilities are broadly	as follows:
Finance and Administration				Reviews budgets and forecasts for the company and monitors	financial results.
Committee				Oversees the Implementation ofpolicies and procedures, processes and systems.
Chair: Mr G Marsden				Supervises the appointment process for Foundation Governors	and Academy
Members: 7
Learning and Development				Monitors school effectiveness
Committee				Considers school place provision
Chair: RevS garron				Produces strategy around teaching and learning particularly of RE
Meinbers: 10
Standing Committee				Will meet when the Diocesan Director ofEducation or Chair ofthe Diocesan
				Board ofEducation decides that there is a decision that needs making which		is
				too urgent to leave until the next Board meeting.
The Board has delegated		day	to	day management ofthe charity tothe Diocesan Director ofEducation and their
team. During 2021this included:
Education Officers				Deputy Diocesan Director ofEducation (until 31-08-2021)
				Assistant Diocesan Director ofEducation (from 01-09-2021)
School Improvement	Officers		Three Schools Effectiveness Advisers
Courses and conferences				Education Development Officer (until 31-08-2021)
				Events organiser
Core support staff			Finance &Operations Manager
			Two Administration Officers

Professional body	Main involvement
	Working with Regional Schools Commissioner/DfE	to	convert	church
Department for Education	schools In to academies; and to monitor performance		in schools		and
	academies.
HMI (Her Majesty' s Inspectorate)	Meetings to share updates and monitor school performance
Ofsted	Feedback at Ins ectlons and rnonitorln visits
Church of England Education Offic	National guidance and support e.g. relating to SIAMs		inspections
National College / Teaching School Council	Systems Leaders and School-to-School Support
Westminster Education Forum	National updates on education policy
North Uncolnshire County	School improvement, headship recruitment, Education Standards				Board,
Council	Scrutiny Panel and SACRE
Uncolnshlre County Council	Children's and Young People Scrutiny Panel, Schools Forum, Supporting vulnerable schools, Head teacher recruitment			SACRE,
North East Llncolnshire County Council	Children's and Young People Scrutiny Panel, SACRE
The Lincolnshlre Learning	Board member to support new sector led school Improvement			In
Partnership (LLP)	Lincoln shire
The South Lincolnshire Learning	Board Member to assist this new Teaching School Alliance to			provide
Partnership (SLLP)	support for schools
Association ofAnglican Directors ofEducation (AADE)	National updates and strategy on church school education
Diocesan Admissions Grou	National updates on admission policy
Diocesan Governance Grou	National Updates on Governance
Midlands SIAMS Inspector Network	Updates on SIAMS Inspections
Association ofREAdvisers, Inspectors and Consultants	National updates on Religious Education
	Members of University Coundl (from LDBE)
Bishop Grosseteste University	Member of LDBE (from the University)
	Support with ITT, Interview prospective students
Lincoln Cathedral	Church Schools Festivals
	LDBECarol Service

Bankers	NatWest Bank	pic
	Smiths Bank
	225 High Street
	Lincoln
	LN2 1AZ
Solicitors	Lee Bolton Monler-Williams		Chattertons	Solaotors
	1the Sanctuary		9Broad Street
	Westminster		Stamford
	SW1P3IT		PE9 1PY
Auditor	Haysmacintyre	LLP
	10Queen Street Place
	London
	EC4R 1AG

Trustees	Trustees
At the date ofsigning		Venerable DrJustine Allain-Chapman,					Archdeacon ofBoston, Chair
		Mr M Adnltt
		Mrs J KBacon
		Revd	5garron
		Dr H	Beverley
		Mr P	Brewster
		Revd	N Brown
		Mr D	Clements
		Rr Revd 5Conway
		Mrs CEdwards OBE
		Mrs 5 Ely
		Canon N Fisher
		Revd	D Green
		Mr M	Kyle
		Revd G Machell
		Mr FMann
		Canon	I Robinson
		ProfJ	Stern
		Mrs A	Warrick
		Mrs D	Whiteoak
Diocesan	Director ofEducation		Mr PThompson
Registered office			Edward	King House
			Minster	Yard
			Uncoin
			LN2 1PU
Principal address			Edward	King House
			Minster	Yard
			Lincoln
			LN2 1PU
Telephone	number		01522504010
Webslte			www. lincoln. a		li an.or
Email			ucation. events		llncol	a

		UNCOLN	IXOCESAN BOARD OF EDUCATION	IXOCESAN BOARD OF EDUCATION
		STATEMENT OF FINANCIAL		ACTIVITIES
		and Income end Espendlture		Account
		FOR THE	YEAR ENDED 31DECEMBER 2021
				2021		2020
				Restricted
			General funds		Total	Total
				Funds
		Note	6	E
INCOME FRONE
Donations and legacies
		2	145,374	30+60	176,234	209,246
Charitable activities
Special proJects			58,467		Sgvt67	92,807
School bugdlngs			1,636		1,636
School Impmvement			2252I87			121,791
Courses, conferences and festivals			6?„649		62,649	37,459
Other Income			5,180		5,180	4,310
Investments			166477	24,184	190,461	161.418
TOTAL INCOME			565370	55,044	620,314	628,950
EXPENDITURE ON:
Charitable activities
Diocesan Board of Education	Measures		329,265		329,265	388,402
Special pro)acts						97,247
School buildrngs			10474		10,174	62,414
School Improvement gains			152.143		152,143	160429
Courses, conferences and festivals			36376		36376	38,310
Grant-making				24,476	24,476	23,645
Multi faith pro)ect				21,160	21,160	17,421
TOTAL EXPENDITURE			612,425	45,636	658,061	787,968
NET (EXPENDITURE)/ INCOME			(47,155)	9,408	(37,747)	(159,018)
Net /(losses) on Investments		9	58,410	530,389	588.799	(48,085)
NET MOVEMENT IN FUNDS			12255	539,797	551,052	(207,103)
TOTAL FUNDS BROUGHT FORWARD			922,059	5,060,981	5,983,040	6,190,143
TOTAL FUNDS CARRIED FORWARD		13	933,314	5,600,778	6J34,092	5 rr83,040

			2021	2020
			Total	Total
		Note
Tahglble fixed assets		8	11,781	14r401
Investments		9	5,826,154	5,350,238
			5,837,935	5364,639
CURRENT ASSETS
Debtors		10	314,388	291,444
Cash at bank			546,814	529,410
Total current assets			861402	820,854
cREDIToRS:Amounts	falling due within
one year		11	(165,045)	(202,453)
NET CURRENT ASSETS			696,157	618,401
TOTAL ASSETS LESSCURRENT LIABIUTIES			6,534,092	5,983,040
			6,534,092	5,983,040
FINANCED By RESERVES:
generelFunds		13	933,314	922,059
Restricted Funds		13	5,600,778	5,060,981
TOTAL RESERVES OFTHE CHARITY			6,534,092	5,983,D40

						2021	2020
					f	f	f	f
Cash flows from aperatlng	actMtlesr					(282,940)		(224,349)
Cash flows from Investing	actlvldes:
Purchase ofInvestments					(354,602)		(776,036)
Sales ofInvestments					467/I85		646,362
Investment income					190,461		161,418
Purchase ofproperty, plant	and equipment				(3,000)
Net cash pravkled by (used In) Investing actMtles								31,744
Change In cash and cash equivalents			In the
reporting period						17A04		(192,605)
Cash and cash equivalents	at	the beginning		af
the repartlng period						529,410		722,015
Cash and cash equivalents	atthe end		of
the repordng period						546414		529/I10
Recandgatlon ofnet income ta net cash flaw from					operating ectlvldes
						2021		2020
						f		f
Net Income far the reporting		periad	(as
the Statement ofFinancial	Activities)					551,052		(207,103)
Adjustments for:
Depreciation charges						5,620		5,588
(6 sins) / Losses on investments						(588,799)		48,085
Investment incame						(190,461)		(161,418)
Decrease/(Increase) in debtors						(22344)		54,150
(Decrease) / Increase In creditors						(37,408)		36,349
Net cash (used In )/ provided		by opansting		activtdes				(224049
Analysis ofcash and cash equlvrdents
						2021		2020
						f		f
Cash in hand						546,814		529,410
Total cash and cash equivalents						546,814		529,410

							2021		2020
						General	Restricted
								Total	Total
						funds	Funds
						E	6
2	INCOME FROM GRANTS
	Furlough Grant								23/59
	Other grants					145,374	30560	176,234	185,387
						145,374	30,860	176,234	209,246
3	INCOME	FROM ACTIVITIES
	All income from activities			Isattributable	to the charity's general funds.
							2021		2020
						Geneml	Restricted
								Total	Total
						funds	Funds
						E	6
	Staff	release fees	and trust work			58,467			92,807
	~School	~II Ingt
	Fees	for administrative		support		1,636		1,636	1,919
	Service level agreement			and fees		1.25,687		125,687	121,791
	Courses	conferences	and	festivals
	Course fees and festival			attendance		62,649		62,649	37359
	Other	income				5,180		5,180	4,310
						253,619		253,619	258,286

					Staffing	Other direct costs	Other direct costs	Support costs	Grants	2021 Total	2020 Tote I
					f	f		f	E	f
Diocesan Board ofEducation Measures					222,776	1,368		105,121		329,265	388,402
Special projects											97,247
School buildings					8,972			1/02		10,174	62,414
School improvement					136,476					152,143	160529
Courses and conferences					32,202	1/93		~1		36,376	38,310
Grant-making									24,476	24,476
Multi-Faith project									21,160	21,160	17,421
					455 392	2 661		154 72	45636	658061	~787968
The Grant-maldng	costs are		to CoEschools to enhance			their	christian ethos. Further delags can be
found on page 14ofthe Trustee				Report under Closed		School	General Purpose heading.
The Multi-Faith project delivered				by a production company,			details	on page 10ofthe Trustee Report
under the title Yyorklng Beyond Schools
					Staffing	Other direct costs		Support costs	Grants	2020 Total
						f		E		f
Diocesan Board of	Education		Measures		273,704		331	114,367		388,402
Special projects					92,972			4,275		97,247
School buildings					8,837			8,873		6?„414
School Improvement					149,460		880	10,189		160,529
Courses and conferences					30 rht5	1,735		5,667		38,310
Grant-making									23,645	23,645
Multi. Faith project									17,421	17,421
					555,881	47,650		143,371	41,066	787,968
SUPPORTCOSTS
										2021	2020
											f
Diocesan Board ofEducation			Measures							105,121	114,367
Special projects										29/01	4,275
School bugdlngs										tP02	8,873
School Improvement										15,667	10,189
Courses, conferences		and festivals								2,881	5,667
										154,372	143,371

	FOR THE YEAR ENDED 31D	ECEMBER 2021
		2021	2020
6	NET INCOME BEFORETRANSFERS
	Net income isstated after
	Depreciation	5,620	5~8
	Audit fees		12,000

AFF COSTS
		2021	2020
Wages end	salaries	361,783	412,725
Socis ISecu	City	39422	45,124
Pension		36,017	41,330
Redundancy	costs
Other staff	costs	18,079	34,010
		455392	555,881

		2021	2020
		Number	Number
E70,000	- E80,000
E80,000	- E90,000

TANGIBLE FIXEDASSET5		2021
Cost et 1January 2021		24rI17
Additions In year		3,000
Dlsposals In year		(7,219)
Cost at31December 2021		20,698
Accumulated depreciation	at 1January 2021	10,516
Charge for in year		5,620
Dlsposals In year		(7,219)
Accumulated depreciation	at 31December 2021	8,917
Net book value at31December 2021		11,781
Net book value at31December 2020		14,401

			2021		2020
		Listed	Investment	Total	Total
		investments	property
		E		E	f
Brought forward		4,427,605	922,633	5@50,238	5,268,649
Additions		354,602		354,602	776,036
Disposals		(255,7S6)	(211,729)	(467,485)	(646362)
Investment	Gains / (Losses )	381,450	207,349	588,799	(48,085)
Carried forward		4,907,901	918,253	5,826,154	5350~8
Historical	cost ofinvestments	4,364,003	711,966	5,075,969	5,075„r169

	Listed	Investments
	2019	2020	2021
Equities	2,573,339	2,386,668	2,621,007
Bonds	386,377	441,938	478,001
Multi Asset Funds	755,977	776,609	855,855
Alternatives	648,310	822,390	953,038
Market value of Investments	4,364,003	4,427,605	4,907,901

				2021	2020
					6
10	DEBTORS
	Trade debtors				13,075
	Amounts owed by related parties			8,775	1/20
	Prepayments	and accrued income		285,413	276,849
				314,388	291,444
				2021	2020
11	CREDITORS - amounts		due within one year
	Trade creditors			15r352	3,404
	Amounts owed to related parties			1,954	26,177
	Deferred Income			88,956	98W3
	Other creditors	and accrued expenses		58,683	74,029
				165,045	202,453

ummary oft	ransact	ions during the year Isset out beloac
			2021	2020
			E	E
Department	for Education capital grants		536,666	40,582
School Governors'		contribution	79,177	267,643
			615,843	308,225
Project expenditure			615,843	308,225

ools. The assets and liabilities do not form part ofthe L	DBE's accounts, as described below.
	2021	2D20
	E	E
Debtors and accrued Income	193,204	158,855
Cash at bank	1,050,563	1,125,393
Creditors and deferred income	(1,243,767)	(1,284348)

											number: 113173
					LINCOLN	DIOCESAN BOARD OF EDUCATION
					NOTES TOTHE FINANCIAL STATEMENTS continued
					FOR THE	YEAR ENDED 31DECEMBER			2021
13	FUNDS OFTHE CHARITY
	Summa ofthe a		f				the
					Balance at						Balance at
					01/01/2021		Income	Expenditure	Investment gains/(losses)	Transfers - Qosed School General Purpose Fund	31/12/2021
							f	f
	Unrestricted	Funds
	General funds				922,059		565,270	(612rl25)	58,410		933314
	Restricted Funds
	Closed Schools General Purposes			Fund	818,478		24,184	(24,476)	67,644		885,830
	Uniform Trust				4,242,503		30,860	(21,160)	462,745		4,714,948
					5,060,981,		55,044	(45,636)	530,389		5,600,778
					5,983,040		620314	(658,061)	588,799		6/34,092
					Balance et						Balance at
					01/01/2020		Income	Expenditure	Investment Gains	Transfers	31/12/2020
					f		f	f	f	f
	GREBE(65(gf(E0065
	Generalfunds				1,133,709		548/I22	(702,198)	(58,274)		922,059
	Restricted Funds
	Closed Schools General Purposes			Fund	835,622		20,909	(68,349)	30,296		818,478
	Uniform Trust				4,220,812		59,219	(17,421)	(20,107)		4,242,5D3
					5,056,434		80,128	(85,770)	10,189		5,060,981
					6,190,143		628,950	(787,968)	(48,085)		5,983,040

			General	Restricted	Total
			funds	Funds
INCOME FROM;
Donations and legades
Grants			150,027	59,219	209,246
Charitable activities
Diocesan Board ofEducation		Measures
Special proJects			92,807		92,807
School buildings			1,919
School Improvement			121,791		121,791
Courses, conferences	and festivals		37,459		37,459
Other Income			4310		4,310
Investments			140,509	20,909	161,418
TOTAL INCOME			548,822	80,128	628450
EXPENDITURE ON:
Charitable activities
Diocesan Board ofEducation		Measures	388,402		388,402
Special projects			97,247		97,247
School bugdlngs			17,710	44,704	62r414
School Improvement			160,529		160,529
Courses, conferences	and festivals		38310		38,310
Grant-making				23,645	23,645
Multi faith project				17,421	17r421
TOTAL EXPENDITURE			702,198	85,770	787,968
NET INCOME			(153,376)	(5.642)	(159,018)
Net gains / (losses) on investments			(58/74)	10,189	(48,085)
NET MOVEMENT IN FUNDS			(211,650)	4,547	{207,103)
TOTAL FUNDS BROUGHT FORWARD			1,133,709	5,056,434	376,942
TOTAL FUNDS CARRIED FORWARD			922,059	5,060,981	5383,040

Net Ass	et by Fund - 2021
		General	Restricted
				Total
		funds	Funds
		E	6
Tangible	fixed assets	11,781		11,781
Investments		690366	5,135,788	5,826,154
Current	assets	380,747	480,455	861,202
Current	llabgltles	149,579	(15,466	165,045
Total Net Assets by Fund		933315	5600,777	6534 2

NetAsse	t by Fund-2020
		General	Restricted
				Total
		funds	Funds
		E	E
Tangible	fixed assets	14,401		14,401
Investmerrts		685,863	4,664,375	5,350,238
Current	assets	403,027	417,827	820454
Current	llabgltles	(181332)	(21,221)	(202,453)
Total Net Assets by Fund		922,059	5060 81	5983040

also a Director of LAAT (2020-two). Accordingly LAAT is re r are summ a rise d below.	lated to LDBE.Transactio	ns with LA
	2021	2020
Salesta LAAT	107/28	144,813
Balance awed to LDBEat31December 2021		60
Purchases from LAAT	(430)	(525)
Balance owed by LDBEat 31December 2021
Accrued income at31December 2021	3,193	10,435

Grants	received		General	Restricted		2020
			Fund	Fund
~Other'	nlats
Grant		2	106,553		106553	185,387
			106,553		106453	185,387

RElATED PARTIES	RElATED PARTIES	continued
Ot	ansactions	with LDTBF	General	Restricted		2020
			Fund	Fund
			f	f	E
	Salesto LDTBF
	Purchases from	LDTBF	49,384		49,384	96,777
	Balance owed by LDBEat 31December		1,333		1@35	26,177

LDBE.The names ofthe schools e	nd the total oftransactions with	them during the year are n	ted below:
		2021	2020
St Hugh's School, Scunthorpe		Y	Y
3palding Parish Coff School		N	Y
lisle Marsden Church ofEngland	Primary Academy	N	y
Danton &Harlaxton Federation		Y	Y
The St Lawrence Academy		Y	Y
West Grantham Academy Trust		N	y
Rauceby CofE School		Y	Y
Ancaster CofE School		Y	Y
Edenham CoE Primary School		Y	Y
Horbllng Brown CoE Primary School		Y	Y
Tydd St Mary CoE Primary School		Y	Y
Weston Hills CoE Primary School		Y	Y
Umeswood Federation		Y	Y
Aspire Federation		Y	Y
Fiskerton CofE Pnmary School		Y	N
Little Gone rby CofE Infant School		Y	N
Reepham CofE Prinary School		Y	N
Saxllby CofE Pnmary School		Y	N