| Page | |||
|---|---|---|---|
| Reference | and Administrative | Information | |
| Chair's Report | |||
| Trustees' | and Directors' Report | 4-9 | |
| Auditor's | Report | 10 —12 | |
| Financial | Statements | ||
| Statement ofFinancial Activities | 13 | ||
| Income and Expenditure | Account | 13 | |
| Balance Sheet | 14 | ||
| Cash | Flow Statement | 15 | |
| Notes | to the Financial Statements | 16-23 |
| Reference | and Administrative | and Administrative | and Administrative | Information | Information | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Charity Name: | Coventry Diocesan |
Board ofEducation | (DBE),incorporating | ||||||||
| the Coventry Diocesan Board | ofEducation s554 | Trust (DBEs554Trust) | |||||||||
| Charity registration | numbers: | DBE - 1091145and | DBEs554 Trust - 1159313 | ||||||||
| Company registration |
number: | 3663851 | |||||||||
| Registered | Office, operational | address: | The Berm Education Centre, | Craven Road, Rugby | CV21 3JZ | ||||||
| Website: | https://coventrydbe. | org/ | |||||||||
| Board ofTrustees | |||||||||||
| Exofficio | Bishop ofCoventry: | The Rt Revd Dr Christopher | Cocksworth | ||||||||
| Nominated | by the Bishop ofCoventry | Mr Christopher Edwards (Chair) |
|||||||||
| The Venerable Sue | Field | ||||||||||
| Elected by | Diocesan | Synod | Mrs Dawn Beasley | (resigned | 3March 2022) | ||||||
| Mr Roderick Clark | |||||||||||
| Mr Michael Draper | |||||||||||
| Mrs Emma Grifilths | |||||||||||
| Mrs Sybil Hanson | |||||||||||
| Ms Sharon Jones | |||||||||||
| Mrs Diana Jackson(until 6November 2021) |
|||||||||||
| The Revd Alison Massey (until 6November 2021) |
|||||||||||
| Ms Claire Russell (appointed | 4March 2022) | ||||||||||
| The Revd Diane Thompson | (appointed | 1April 2022) | |||||||||
| Co-opted | Mr Adam Walsh | ||||||||||
| Ms Lindsey Wright | |||||||||||
| Secretary | Mrs April Gold | ||||||||||
| OIIIcers and Advisers | |||||||||||
| Diocesan Director ofEducation | Mrs April Gold | ||||||||||
| Auditors | Crowe U.K.LLP, | ||||||||||
| Black Country House, Rounds |
Green Road, OIdbury, West Midlands, B692DG | ||||||||||
| Bankers | Bank ofScotland | ||||||||||
| Insurers | Ecclesiastical Insurance Office pic |
||||||||||
| Beaufort House, Brunswick | Road, Gloucester, | GL1 1JZ | |||||||||
| Solicitors | Anthony Collins |
||||||||||
| 134Edmund St, Birmingham |
B32ES | ||||||||||
| Rotherham II.Co |
|||||||||||
| 8-9The Quadrant, | Coventry | CV1 2EG | |||||||||
| Property Agents | Godfrey Payton | ||||||||||
| Old Bablake, Hill Street, Coventry, CV1 |
4AN | ||||||||||
| Investment | Advisers | CCLA Investment Management |
Limited | ||||||||
| Senator House, 85 | Queen Victoria St,London | EC4V4ET | |||||||||
| Brewin Dolphin | |||||||||||
| 12Smithfield Street, London, |
EC1A9LA | ||||||||||
| Page ) 2 |
| Notes | Unrestricted | Restricted | Endowment | 2021 | 2020 | ||||
|---|---|---|---|---|---|---|---|---|---|
| Funds | funds | Funds | Total | Total | |||||
| 6000s | EOOOs | KOOOs | KOOOs | 6000s | |||||
| income and | endowments | from: | |||||||
| Grants and donations | 4a | 160 | 13 | 173 | 201 | ||||
| Charitable activities |
4b | 81 | 108 | 189 | 71 | ||||
| Other trading | activities | 4c | 17 | 17 | 29 | ||||
| Investments | 4d | 176 | 176 | 166 | |||||
| Total | 258 | 189 | 108 | 555 | 467 | ||||
| Expenditure | on: | ||||||||
| Raising funds | 5a | 24 | 19 | 43 | 44 | ||||
| Charitable activities |
Sb | 197 | 315 | 515 | 381 | ||||
| Total | 221 | 334 | 558 | 425 | |||||
| Net gains on | invcstmcnts | 847 | 847 | 384 | |||||
| Transfers between funds | (95) | (16) | |||||||
| Net income/(expenditure) | 8 movement | in | |||||||
| funds | 58 | -34 | 936 | 844 | 426 | ||||
| Reconciliation offunds | |||||||||
| Total funds brought forward | 18 | 882 | ZZ9 | 5,875 | 6,986 | 6560 | |||
| Total funds | carried forward | 18 | 8Z4 | 195 | 6811 | 7830 | 6986 |
| NCOME AND EXPENDITURE ACCOUNT orthe year ended 31December 2021 |
||
|---|---|---|
| 2021 | 2020 | |
| KOOOs | K000s | |
| Total income | 555 | 467 |
| Gains on investments | 17 | |
| Gross income | 555 | 484 |
| Total expenditure | 558 | 425 |
| Net income for the year | 3 | 59 |
| 2021 | 2021 | 2020 | 2020 | |||
|---|---|---|---|---|---|---|
| Notes | 6000s | E000s | E000s | 6000s | ||
| FIXEDASSETS | ||||||
| Tangible assets | 11 | 369 | 378 | |||
| Investments | 12 | 6,405 | 5,619 | |||
| 6,774 | 5,997 | |||||
| CURRENT ASSETS | ||||||
| Debtors | 13 | 169 | 57 | |||
| Cash and cash equivalents | 14 | 1,494 | 1620 | |||
| 1,663 | 1,677 | |||||
| CURRENT LIABILITIES | ||||||
| Creditors: Amounts | falling due within one year | 15 | ~607 | ~688 | ||
| NET CURRENT ASSETS | 1,056 | 989 | ||||
| NET ASSETS | 7,830 | 6,986 | ||||
| FUNDS | ||||||
| Unrestricted funds |
17 | 824 | 882 | |||
| Restricted funds | 17 | 195 | 2Z9 | |||
| Endowment funds |
17 | 6,811 | 5,875 | |||
| TOTAL FUNDS | 7,830 | 6,986 |
| 2021 | 2021 | 2020 | 2020 | ||
|---|---|---|---|---|---|
| 6000s | EOOOs | FOOOs | 6000s | ||
| Cash flows from operating activities: | |||||
| Net cash used in operating activities | (363) | 517 | |||
| Cash flows from investing activities: | |||||
| Dividends, interest and rent from investments | 176 | 166 | |||
| Proceeds from sale ofinvesnuents | 578 | 248 | |||
| Purchase ofinvestments | (517) | (210) | |||
| Purchase oftangible Axed assets |
|||||
| Net cash provided byinvesting activities | 237 | ||||
| Change in cash and cash equivalents | in the year | (126) | 721 | ||
| Cash and cash equivalents at 1January |
1,620 | 899 | |||
| Cash and cash equivalents at31December |
1,494 | 1,620 | |||
| RECONCILIATION OF NKT EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTlVITIES |
|||||
| 2021 | 2020 | ||||
| 6000s | KOOOs | ||||
| Net income for the year | 844 | 426 | |||
| Adjustments for: |
|||||
| Depreciation charges |
9 | 9 | |||
| (Gains)/losses on investments |
(847) | (384] | |||
| Dividends, interest and rents from investments |
(176) | (166] | |||
| (Increase]/decrease in debtors Increase/(decrease) in creditors |
(112) ~81 |
(15) 647 |
|||
| Net cash used in by operating activities | 363 | 517 | |||
| Analysis ofcash and cash equivalents | |||||
| Cash in hand | 830 | 1,001 | |||
| Short term deposits (less than 3months) | 664 | 619 | |||
| Total cash and cash equivalents | 1,494 | 1,620 |
| Net income | ||
|---|---|---|
| 2021 | 2010 | |
| KOOOs | EOOOs | |
| Net income isstated after charging: | ||
| Auditor's remuneration |
6 | |
| Depreciation | 9 |
| for | the year ended 31December 2021(conti | the year ended 31December 2021(conti | the year ended 31December 2021(conti | the year ended 31December 2021(conti | nued) | ||||
|---|---|---|---|---|---|---|---|---|---|
| 4 | Analysis ofincome and endowments | ||||||||
| General | Restricted | Endowment | 2021 | 2010 | |||||
| Fund | funds | Funds | Total | Total | |||||
| KOOOs | EOOOs | KOOOs | EOOOs | 6000s | |||||
| a Grants and donations | |||||||||
| Grants from Coventry Diocesan Board ofFinance Ltd | 160 | 160 | 159 | ||||||
| Allchurches Trust |
10 | 10 | 25 | ||||||
| Culham StGabriel | 3 | 3 | |||||||
| The 29May 1961Charity | 10 | ||||||||
| Coronavhws Job Retention |
Scheme | 7 | |||||||
| 160 | 13 | 173 | 201 | ||||||
| b Charitable activities | |||||||||
| Services to schools and academies | 81 | 81 | 59 | ||||||
| Other | 108 | 108 | 12 | ||||||
| 81 | 108 | 189 | 71 | ||||||
| c Other trading activities | |||||||||
| Accommodation charges |
17 | 17 | |||||||
| d Investments | |||||||||
| Rental income | 9 | 9 | 5 | ||||||
| Dividend income |
167 | 167 | 159 | ||||||
| Bank and deposit interest | 2 | ||||||||
| 176 | 176 | 166 | |||||||
| 5 | Analysis ofexpenditure | ||||||||
| General | Restricted | Endowment | 2021 | 2020 | |||||
| Fund | funds | funds | Total | Total | |||||
| EOOOs | EOOOs | 6000s | 6000s | KOOOs | |||||
| a Raising funds | |||||||||
| Accommodation costs |
24 | 24 | 29 | ||||||
| investment management |
costs | 19 | 19 | 15 | |||||
| 24 | 19 | ||||||||
| b Charitable activities | |||||||||
| Services to schools and academies | 196 | 154 | 353 | 381 | |||||
| Other | 162 | 162 | |||||||
| 196 | 315 | 514 | 381 | ||||||
| 6 | Analysis ofresources expended | including allocation ofsupport costs | |||||||
| Purchased | |||||||||
| Staff | services and | Support | 2021 | 2020 | |||||
| costs Eooos |
materials EOOOs |
costs EOOOs |
Total f000s |
Total EOOOs |
|||||
| Raising funds | |||||||||
| Accommodation costs |
24 | 24 | 29 | ||||||
| Investment management |
costs | 19 | 19 | 15 | |||||
| Charitable activities |
|||||||||
| Services to schools and | academies | 248 | 56 | 49 | 353 | 381 | |||
| Other | 127 | 35 | 162 | ||||||
| 248 | 226 | 84 | 558 | 425 |
| BEhad total future commitments under non-cancellable operating le |
ases as follows: | |
|---|---|---|
| 2021 | 2020 | |
| EOOOs | OOOO | |
| Not later than one year | ||
| Later than one year but not later than 5years |
| Financial | Instru | ments | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||||||||||
| KOOOs | KOOOs | ||||||||||||||
| Financial | assets | measured | at | fair | value | through | income | and | expenditure | 6405 | 5,619 | ||||
| Financial | assets | measured | at | fair | value | through | income | and | expenditure | comprise | listed | and | unlisted | investments. |
| At1 | |||||||
|---|---|---|---|---|---|---|---|
| Jan | Gain on | At31Dec | |||||
| 2021 | Income | Expenditure | investments | Transfers | 2021 | ||
| KOOOs | 6000s | 6000s | EOOO | EOOOs | EOOOs | ||
| UNRESTRICTED FUNDS | |||||||
| Lucy Price Fund (Designated) | 481 | (62) | 419 | ||||
| General Fund | 401 | 258 | 33 | 405 | |||
| Total unrestricted funds |
882 | 258 | 221 | 95 | 824 | ||
| RESTRICTED FUNDS | |||||||
| The Beacon Fund | 35 | 10 | (107) | 62 | |||
| Cullham StGabriel Grant |
3 | 3 | |||||
| s.554Trust Income Fund | 194 | 176 | 227 | 192 | |||
| Total restricted funds |
299 | 189 | 334 | 195 | |||
| ENDOWMENT FUNDS (Expendable) s.554Trust Capital Fund figures |
5,875 | 108 | (3) | 847 | (16) | 6,811 | |
| Total endowment funds |
5,875 | 108 | 847 | 16 | 6,811 | ||
| TOTAL FUNDS | 6,986 | 555 | 558 | 847 | 7,830 | ||
| The comparative fo2020are: |
|||||||
| At1)an | Gain | on | At31Dec | ||||
| 2020 | Income | Expenditure | investments | Transfers | 2020 | ||
| EOOOs | EOOOs | EOOOs | EOOOs | EOOOs | EOOOs | ||
| UNRESTRICTED FUNDS | |||||||
| Lucy Price Fund (Designated) | 482 | (1) | 481 | ||||
| General Fund | 371 | 268 | 238 | 401 | |||
| Total unrestricted funds | 853 | 268 | 239 | 882 | |||
| RESTRICTED FUNDS | 35 | 35 | |||||
| s.554 Trust Income Fund | 199 | 164 | 186 | 17 | 194 | ||
| Total restricted funds | 199 | 199 | 186 | 229 | |||
| ENDOWMENT FUNDS (Expendable) | |||||||
| s.554 Trust Capital Fund | 5,508 | 367 | 5,875 | ||||
| Total endowment funds | 5,508 | 367 | 5,875 | ||||
| TOTAL FUNDS | 6,560 | 467 | 425 | 384 | 6,986 |
| Prior year compara | ti | ve Sta |
tement ofFina | ncia | l Activities | ||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | 2020 | 2019 | |||||
| Funds | funds | Funds | Total | Total | |||||
| Kooos | fooos | 6000s | EOOOs | 6000s | |||||
| Income and endowments | from: | ||||||||
| Donations | 166 | 35 | 201 | 165 | |||||
| Charitable activities |
74 | 71 | 78 | ||||||
| Other trading activities | 29 | 29 | 28 | ||||||
| Investme nts | 2 | 164 | 166 | 207 | |||||
| Total | 268 | 199 | 467 | 482 | |||||
| Expendi ture on: | |||||||||
| Raising funds | 29 | 15 | 44 | 46 | |||||
| Charitable activities |
210 | 171 | 381 | 436 | |||||
| Total | 239 | 186 | 425 | 482 | |||||
| Net (losses)/gains | on investments | 0.00 | 17 | 367 | 384 | 761 | |||
| Met income/(expenditure) | 8 movement | in | |||||||
| funds | 29 | 30 | 367 | 426 | 761 | ||||
| Reconciliation of |
funds | ||||||||
| Total funds brought | forward | 853 | 199 | 5,508 | 6,650 | 5,799 | |||
| Total funds carried | forward | 882 | 229 | 5,875 | 6,986 | 6,560 |