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|---|---|---|---|
|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||||||||||||
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|||||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|
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|Net income|||
|---|---|---|
||2021|2010|
||KOOOs|EOOOs|
|Net income isstated after charging:|||
|Auditor's
remuneration|6||
|Depreciation|9||
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|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|
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|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|||
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|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.||
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||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|
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|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|