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2022-12-31-accounts

Contents
Report ofthe Director of Education.
Objectives ..
Activities .....
Achievements
and performance.
Financial
Review		 .16
Plans for future periods. ..... ..18
Factors affecting our success...... .19
Statement ofTrustees'
Responsibilities. .		 .20
Disclosure of information
to Auditor. .		 .20
Structure, Governance
and Management. .		 .21
Reference and Administrative
Details ofthe Charity: itemised.		 .26
Independent
auditor's
report to the members of Lincoln Diocesan Board of Education .....		 ....28
Statement of FinancialActivities
.		 31
Balance Sheet .. 32
Statement
of Cash Flows ...................		 ..33
Notes to the Financial Statements ..34

Surname Forename(s) Date
appointed		 Date
retired		 Committee Appointment
Adnitt Michael
lain		 01/01/19 F&A CO-OPTED
Al
Iain-
Chapman		 Justine Penelope Heathcote 19/04/22 n/a BN
Bacon Julie Kathleen 21/11/20 L&D
Barron Sonia Patnoa 01/01/16 L&D
Beverley Joan Hilary 01/01/16 L&D
Brewster Paul David 01/03/22 F&A CO-OPTED
Brown Nicholas James Watson 01/03/22 F&A BN
Chamberlain Nicholas
Alan		 21/01/16 18/04/22 n/a BN
Clements David 01/01/19 F&A
Conway Stephen
David		 01/01/22 30/04/23 n/a EX-OFFICIO
Court David Eric 01/05/23 n/a EX-OFFICIO

Surname Forename(s) Date
appointed		 Date
retired		 Committee Appointment
Edwards Cherry Anne 01/01/16 L&D
Edwards Sheridan 12/03/20 28/02/22 L&D CO-OPTED
Ely Sonya 12/03/20 L&D CO-OPTE D
Fisher Nicolete 16/12/13 F&A BN
Green Denise Penelope 01/01/19 L&D
Johnson Philip Anthony 07/11/15 28/02/22 L&D
Kyle Martin James 10/10/19 L&D CO-OPTED
Machell Georgina 07/OS/19 L&D BN
Mann Frederick Frank 01/03/22 F&A
Marsden Gregory 29/01/19 28/02/22 L&D CO-OPTED
Robinson lan 01/03/22 L&D BN
Snelling Nicola 21/11/20 28/02/22 L&D
Stern Julian 01/03/22 L&D CO-OPTED
Warrick Alison 01/01/16 F&A
Whiteoak Daphne 12/03/19 L&D CO-OPTED

team. During 2022 t his include d:
Education Officers Assistant
Diocesan Director ofEducation
School Improvement Officers Two Schools Effectiveness
Advisers
Courses and conferences Events Co-ordinator
(until 11Feb 2022)
Core support staff Finance
Ik Operations
Manager
Two Administration
Officers
Compliance
g Governance
Lead (from 25 April 2022)

Professional
body		 Main involvement
Working with the Regional Director/DfE to form new church MATs and
Department
for Education		 convert church schools in to academies; and to monitor performance in
schools and academies.
HMI (His Majesty' s
Inspectorate)		 Meetings to share updates and monitor school performance
Ofsted Feedback at inspections
and monitoring		 visits
Church of England
Education
Office		 National
guidance
and support e.g. relating to SIAMs inspections
Teaching School Partnership
Board		 Systems Leaders and School-to-School
Support
North Lincolnshire
Local		 School improvement,
headship
recruitment,		 Education Standards Board,
Authority Scrutiny
Panel and SACRE
Lin coins hire County Council Children's
and Young People Scrutiny Panel,
Supporting
vulnerable
schools, Head teacher		 Schools Forum,
recruitment		 SACRE,
North
East Lincolnshire
Local
Authority		 Children's
and Young People Scrutiny Panel,		 SACRE
The Lincolnshire
Learning		 Board member to support
new sector led school improvement		 in
Partnership
Board (LLPB)		 Lincolnshire
Association of Anglican
Directors ofEducation
(AADE)		 National
updates
and strategy on church		 school education
Diocesan Admissions
Group		 National
updates
on admission
policy
Diocesan Governance
Group		 National
Updates on Governance
National
SIAMS Advisors'
Network		 Group Updates
on SIAMS inspections
Association of RE Advisers,
Inspectors
and Consultants		 National
updates
on Religious Education
Members of University
Council (from LDBE)
Bishop Grosseteste
University		 Member of LDBE(from the University)
Support
with ITT, Interview
prospective		 students
Church Schools Festivals
Lincoln Cathedral LDBECarol Service

Trustees
At the date of signing Venerable
Dr Justine Allain-Chapman,		 Archdeacon ofBoston, Chair
Mr M Adnitt
Mrs J KBacon
Revd 5 Barron
Dr H Beverley
Mr P Brewster
Revd
N Brown
Mr D Clements
Rt Revd Dr D Court
Mrs C Edwards 0BE
Mrs 5 Ely
Canon
N Fisher
Mr M Kyle
Revd G Machell
Mr F Mann
Canon
I Robinson
ProfJ Stern
Mrs A Warrick
Mrs DWhiteoak
Diocesan Director ofEducation Mr PThompson
Registered office Edward
King House
Minster Yard
Lincoln
LN2 1PU
Principal address Edward King House
Minster Yard
Lincoln
LN2 1PU
Telephone number 01522504010
Website www. lincolndiocesaneducation. com
Email education. events lincoln. an lican.or

LINCOLN DIOCESAN BOARD OF LINCOLN DIOCESAN BOARD OF EDUCATION
STATEMENT OF FINANCIAL Aci'IVITIES
and Income and Expenditure Account
FOR THE YEAR ENDED 31DECEMBER 2022
2022 2021
General funds Restricted Total Total
Funds
Note E 6
INCOME FROM:
Donations and legacies
Grants 145,071 3,114 148,185 176,234
Charitable activities
Special projects 3,000 3,000 58,467
School buildings 9,302 9,302 1,636
School improvement 136,668 136,668 125,687
Courses, conferences and festivals 54,855 54,855 62,649
Other income 1,720 1,720 5,180
Investments 164,454 25,697 190,151 190,461
TOTAL INCOME 515,070 28,811 543,881 620,314
EXPENDITURE ON:
Charitable
activities
Diocesan Board ofEducation Measures 4 307,564 307,564 329,265
Special projects 28,517 28,517 84,467
School buildings 9,535 9,535 10,174
School Improvement 147,618 147,618 152,143
Courses, conferences and festivds 66,492 66,492 36,376
Grant-making 21,876 21,876 24,476
Multi faith project 38,606 38,606 21,160
TOTAL EXPENDITURE 559,726 60,482 620,208 658,061
NET (EXPENDITURE)/ INCOME (44,656) (31,671) (76,327) (37,747)
Net (Losses)/gains on investments (54,106) (394,167) (448,273) 588,799
NET MOVEMENT
IN FUNDS		 (98,762) (425,838) (524,600) 551,052
TOTAL FUNDS BROUGHT FORWARD 933,314 5,600,778 6,534,092 5,983,040
TOTAL FUNDS CARRIED FORWARD 13 834,552 5,174,940 6,009,492 6,534,092

2022 2021
Total Total
Note
FIXEDASSETS
Tangible fixed assets 8 5,127 11,781
Investments 9 5,337,641 5,826,154
5,342,768 5,837,935
CURRENT ASSETS
Debtors 10 187,646 314,388
Cash at bank 688,106 546,814
Total current assets 875,752 861,202
CREDITORS: Amounts falling due within
one year (209,028) (165,045)
NET CURRENT ASSETS 666,724 696,157
TOTAL ASSETS LESSCURRENT LIABILITIES 6,009,492 6,534,092
NET ASSETS 6,009,492 6,534,092
FINANCED
BYRESERVES:
General
Funds		 13 834,552 933,314
Restricted
Funds		 13 5,174,940 5,600,778
TOTAL RESERVES OF THE CHARITY 6,009,492 6,534,092

2022 2022 2021
Cash flows from operating activities: (85,957) (282,940)
Cash flows from investing activities:
Purchase ofinvestments (761,847) (354,602)
Sales of Investments 802,087 467,485
investment
income		 190,151 190,461
Purchase of property,
plant and equipment		 (3,142) (3,000)
Net cash provided
by (used in) investing		 activities 227,249 300,344
Change
in cash and cash equivalents		 In the
reporting
period		 141,292 17,404
Cash and cash equivalents
atthe beginning		 of
the reporting
period		 546,814 529,410
Cash and cash equivalents
at the end		 of
the reporting
period		 688,106 546,814
Reconciliation ofnet income to net cash flow from operating activities
2022 2021
E
Net income for the reporting
period		 (as
the Statement ofFinancial Activities) (524,600) 551,052
Adjustments
for:
Depreciation
charges		 9,796 5,620
Losses/(gains)
on investments		 448,273 (588,799)
Investment
income		 (190,151) (190,461)
Decrease/(Increase)
in debtors		 126,742 (22,944)
Increase/(Decrease)
in creditors		 43,983 (37,408)
Net cash (used in )/ provided
by operating		 activities (85,957) [282,940)
Analysis ofcash and cash equivalents
2022 2021
E E
Cashin hand 688,106 546,814
Total cash and cash equivalents 688,106 546,814

2022 2021
General Restricted
Total Total
funds Funds
f f f
2 INCOME FROM GRANTS
Other grants 145,071 3,114 148,185 176,234
145,071 3,114 148,185 176,234
3 INCOME FROM ACTIVITIES
All income from activities isattributable to the charity's general funds.
2022 2021
General Restricted
Total Total
funds Funds
f f
Staff release fees and trust work 3,000 3,000 58,467
r I 3 ildi
Fees for administrative support 9,302 9,302 1,636
Service level agreement and fees 136,668 136,668 125,687
Courses conferences and festivals
Course fees and festival attendance 54,855 54,855 62,649
Otherincome
Otherincome 1,720 1,720 5,180
205,545 205,545 253,619

Staffing Other
direct costs		 Support
costs		 Grants 2022
Total		 2021
Total
f E E E E
Diocesan Board of Education Measures 204,800 1,850 100,914 307,564 329,265
Special projects 9,630 18,887 28,517 84,467
School buildings 9,155 380 9,535 10,174
School improvement 133,062 14,556 147,618 152,143
Courses, conferences and festivals 50,048 11,196 5,248 66,492 36,376
Grant-making 21,876 21,876 24,476
Multi-Faith
project		 751 1,493 36,362 38,606 21,160
407446 13046 141478 58,238 620,208 658061
Staffing Other
direct costs		 Support
cost'3		 Grants 2021
Total
E f E f
Diocesan Board of Education Measures 222,776 1,368 105,121 329,265
Special projects 54,966 29,501 84,467
School buildings 8,972 1,202 10,174
School improvement 136,476 15,667 152,143
Courses, conferences and festivals 32,202 1,293 2,881 36,376
Grant-making 24,476 24,476
Multi-Faith
project		 21,160 21,160
455,392 2,661 154,372 45,636 658,061
SUPPORT COSTS
2022 2021
E f
Diocesan Board ofEducation Measures 100,914 105,121
Special projects 18,887 29,501
School buildings 380 1,202
School improvement 14,556 15,667
Courses, conferences and festivals 5,248 2,881
Grant-making
Multi-Faith
project		 1,493
141,478 154,372
FOR THE YEAR ENDED 31D ECEMBER 2022
2022 2021
6 NET INCOME BEFORETRANSFERS
Net income
is stated after
Depreciation 9,796 5,620
Audit fees 17,760 15,480
FF COSTS
2022 2021
Wages and salaries 320,649 361,783
Social Security 36,732 39,512
Pension 33,584 36,017
Redundancy costs 3,711
Other staff costs 12,770 18,079
407,446 455,391
2022 2021
Number Number
E60,000 - E70,000
E70,000 - E80,000
E80,000 - E90,000
E90,000-E100,000
8 TANGIBLE FIXEDASSETS 2022
Fixtures
fittin
sand e ui		 ment
Cost at 1January 2022 20,698
Additions
in year		 3,142
Disposals
in year		 (15,638)
Cost at 31December 2022 8,202
Accumulated
depreciation		 at 1January 2022 8,917
Charge for in year 9,796
Disposal s in year (15,638)
Accumulated
depredation		 at 31December 2022 3,075
Net book value at 31December 2022 5,127
Net book value at 31December 2021 11,781
2022 2021
Listed Investment Total Total
investments property
E E f E
Brought forward 4,907,901 918,253 5,826,154 5,350,238
Additions 761,847 761,847 354,602
Disposal s (802,087) (802,087) (467,485)
Investment Gains / ( Losses ) (446,059) (2,214) (448,273) 588,799
Carried forward 4,421,602 916,039 5,337,641 5,826,154
Historical cost ofinvestments 4,364,003 711,966 5,075,969 5,075,969
Lrsted Investments
2021 2022
Equities 2,621,007 2,401,813
Bonds 478,001 398,641
Multi Asset Funds 855,855 775,228
Alternatives 953,038 845,920
Market value ofinvestments 4,907,901 4,421,602
Company number: 03334622
Charity number: 2232233
LINCOLN DIOCESAN BOARD OF EDUCATION
NOTES TO THE FINANCIAL STATEMENTS continued
FOR THE YEAR ENDED 31DECEMBER 2022
2022 2021
10 DEBTORS
Trade debtors 32,240 20,200
Amounts
owed by related parties		 3,239 8,775
prepayments
and accrued income		 152,167 285,413
187,646 314,388
2022 2021
11 CREDITORS - amounts due within one year
Trade creditors 8,036 15,452
Amounts
owed to related parties		 6,051 1,954
Deferred income 102,350 88,956
Other creditors and accrued expenses 92,591 58,683
209,028 165,045

mmary
oftransacti		 ons
du		 ring the year is set out below:
2022 2021
Department
for Education		 capital grants 1,095,693 536,666
School Governors' contribution 55,516 79,177
1,151,209 615,843
Project expenditure 1,151,209 615,843
assets and liabilities d o not form part ofthe LDBE's acco unts, as described
below.
2022 2021
Debtors and accrued income 141,618 193,204
Cash at bank 876,659 1,050,563
Creditors and deferred income (1,018,277) (1,243,767)

FUNDS OF THE CHARITY
Summa
oftheactivitiesofthefun		 dsofthec harit
inthe		 ear.
Balance at Balance at
Transfers - Closed
01/01/2022 Income Expenditure Investment
gains/(losses)		 School General
Purpose
Fund		 31/12/2022
Unrestricted
Funds
General funds 933,314 515,070 (559,726) (54,106) 834,552
Restricted
Funds
Closed Schools General Purposes Fund 885,830 25,697 (21,876) (75,255) 814,396
Uniform Trust 4,714,948 3,114 (38,606) (318,912) 4,360,544
5,600,778 28,811 (60,482) (394,167) 5,174,940
6,534,092 543,881 (620,208) (448,273) 6,009,492
Balance at Balance at
01/01/2021 Income Expenditure Investment
Gains		 Transfers 31/12/2021
E E E E E E
Unrestricted
Funds
General funds 922,059 565,270 (612,425) 58,410 933,314
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
5,983,040 620,314 (658,061) 588,799 6,534,092

General Restricted Total
funds Furtds
INCOME FROM:
Donations
and legacies
Grants 145,374 30 860 176234
Charitable
activities
Special projects 58,467 58,467
School buildings 1,636 1,636
School improvement 125,687 125,687
Courses, conferences and festivals 62,649 62,649
Otherln«orne 5,180 5,180
Investments 166,277 24,184 190,461
TOTAL INCOME 565,270 55,044 620,314
EXPENDITURE ON:
Charitable
activities
Diocesan Board of Education Measures 329,265 329,265
Special projects 84,467 84,467
School buildings 10,174 10,174
School Improvement 152,143 152,143
Courses, conferences and festivals 36,376 36,376
Grant-making 24,476 24,476
Multi faith project 21,160 21,160
TOTAL EXPENDITURE 612,425 45,636 658,061
NET INCOME (47,155( 9,408 (37,747)
Net gains on investments 58,410 530,389 588,799
NET MOVEMENT
IN FUNDS		 11,255 539,797 551,052
TOTAL FUNDS BROUGHT FORWARD 922,059 5,060,981 376,942
TOTAL FUNDS CARRIED FORWARD 933,314 5,600,778 6,534,092

Net Ass et by Fund - 2022
General Restricted
Tota
I
funds Funds
E E
Tangible fixed assets 5,127 5,127
Investments 625,384 4,712,257 5,337,641
Current assets 358,079 517,673 875,752
Current liabilities (154,038) (54,990) (209,028)
Total Net Assets by Fund 834,552 5,174,940 6,009,492
Net Ass et by Fund - 2021
General Restricted
Total
funds Funds
E E
Tangible fixed assets 11,781 11,781
Investments 690,366 5,135,788 5,826,154
Current assets 380,747 480,455 861,202
Current liabilities (149,579) (15,466) (165,045)
Total Net Assets by Fund 933,315 5600777 6534 092

ted to LDBE.Transactions
with
LAAT during the year ar		 e surnmarised
below:
2022 2021
Sales to LAAT 28,263 107,828
Balance owed to LDBEat 31December
Purchases from LAAT (430)
Balance owed by LDBEat 31December
Accrued income at 31December 3,193

Grants received from LDTBF Note General Restricted 2022 2021
Fund Fund
~Other rants
Grant 107,018 107,018 106,553
107,018 107,018 106,553

RELATED PARTIES continued
Other transactions with LDTBF General Restricted
Fund Fund
E E E
Sales to LDTBF 90
Purchases from LDTBF 43,343 43,343 49,384
Balance owed by LDBEat 31December 5,954 5,954 1,335

LDBE.The names ofthe schools and the total oftransactions
with		 them during the year are no ted below:
2022 2021
Ancaster CoE School Y Y
Caistor Grammar Y N
Caistor CoE &Methodist Y N
Coleby CoE Primary Y N
Edenham
CoE Primary School		 Y Y
Denton &Harlaxton
Federation		 Y Y
Fiskerton
CoE Primary School		 Y Y
Great Ponton CoE Y N
Kirkby-on-Bain
CoE Primary		 Y N
Lincoln St Faiths &St Martins Cog Junior School Y N
Queen Elizabeth
Grammar
School, Horncastle		 Y N
Rauceby CoE School Y Y
Reepham
CofE Primary School		 Y Y
Ropsley CoE Primary Y N
Saxilby CoE Pdimary School Y Y
Spalding
Grammar
School		 Y N
St Gilberta CoE Primary,
Stamford		 Y N
St Hugh's School, Scunthorpe Y Y
Tydd St Mary CoE Primary School Y Y
Weston
Hills CoE Primary School		 Y Y
William
Alvey CoE School		 Y N
William
Lovall CoE Academy		 Y N
The St Lawrence Academy Y Y
Horbling
Brown CoE Primary School		 N Y
Limeswood
Federation		 N Y
Aspire Federation N Y
Little Gonerby CofE Infant School N Y

2022 2021
Sales to schools 48,448 49,286
Balance owed to LDBEat 31December 3,240 8,476
Purchases
and payments		 to schools 1,478 600
Balance owed by LDBEat 31December