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||Page||
|---|---|---|
|Report ofthe Trustees|1 to|11|
|Report ofthe Independent
Auditors|12 to|13|
|Statement
of Financial Activities|14||
|Balance Sheet|15||
|Notes to the Financial Statements|16 to|21|
|Detailed Statement
of Financial Activities|22||
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|Diocese of Chelmsford:|||
|---|---|---|
|To Chelmsford
Diocesan Board of Education
8 grants|||
|OBJECTIVES AND ACTIVITIES|||
|SCHOOL ADVISER SUPPORT: RE Ik COLLECTJVE WORSHIP - The Schools' Team|||
|Includes
a full-time
RE/ Schools Adviser,
and a part-time
Collective
Worship/|||
|Schools Adviser. The grant contributes
to salary and expenses for these people as|||
|well as the costs ofthree other Advisers
who work with schools on their Christian|||
|character,
vision etc..||40,000|
|SCHOOL GOVERNANCE
SUPPORT - The Diocese engages a consultant
for this work|||
|and from time to time, he Is required
to provide
Intensive
support
over a particular|||
|Issue as well as regular training
and qetworklng.
The grant makes this work|||
|possible.||20,000|
|COMMUNICATIONS,
TRAINING
AND NETWORKING
- A consequence
of Covld has|||
|been moving
most of our training
and support to schools online
In various ways. As|||
|well as being a necessity,
some aspects of this (e.g. school leader briefings
via|||
|Zoom, bulletins
etc) have become more successful
via video conferencing
than they|||
|were
In person,
with higher partldpation
rates.
We Intend to further
develop
the|||
|production
ofYouTube broadcasts.
The grant supports
the cost of our Comms|||
|Schools Administrator.
A revised website
Is scheduled
for launch
In 2021||15,000|
|SECTION 48 (SJAMS) INSPECTIONS
Ik TRAINING - A new centrallsed
system
for the|||
|administration
of SJAMS will be launched
in Sept 2021 to which dloceses will be|||
|asked to contribute.
Our own SJAMS manager
retires
In July 2021 In anticipation|of||
|this.
We have been notified that our diocesan
contribution
to the new system
will|||
|be E6,500 (Calculated
in Sept 2020).
We don't antldpate
a return to full
inspections
until Sept 2021.||7,000|
|CHILDREN'S
WORK ADVISER - EARLY YEARS - The role of the Early Years Adviser|Is||
|to support
parishes
to develop their Christian
education
work with young
families|||
|Including
the provision
of pre-school
groups
with a Christian
focus. She also offers|||
|professional
support to pre-school
settings
acrdss the diocese
In schools and|||
|parishes.||10,000|
|GLOBAL LINKS - The planned
redprocal
visits to Kenya
by 26 teachers
ln 2020 were|||
|not able to take place. However,
the links continue
In other ways both by schools
and our schools link office. A much-reduced
amount
from previous
years Is|||
|therefore
sought since there
Is unused
money from last year's grant.||2,000|
|MISSION IN SCHOOLS Inc. Archbishop
ofYork's Trust Young Leaders Award - Some|||
|aspects of this work were scaled down
during
the pandemic
period, but we intend to|||
|offer matched
funding
to schools which register for the Award.
We Intend to|||
|"relaunch" the scheme during
and beyond 2021.The Bradwell Schools Pilgrimage|||
|Intends to relaunch
also;
In the event that there is unused
grant from the allocation|||
|to support
Young Leaders, grant can be diverted
to support
this excellent project||3,000|
|CHURCH
SCHOOL LEADERSHIP COURSE - The Church
School Leadership
Course|||
|was Introduced
In 2016-7.Jts purpose
Is to equip future school leaders for|||
|leadership
In a Church of England
school context. The next cohort will begin work in|||
|June 2021 and with a residential
In the autumn.
The grant supports
the time|||
|committed
by diocesan staff and their expenses associated
with the project as well|||
|as venue
and resource costs||3,000|
|Total of Grants within the Diocese of Chelmsford:||6100,000|
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||||||2022|2021|
|---|---|---|---|---|---|---|
||||Unrestricted|Endowment|Total|Tota I|
|||Notes|funds
I|fund
I|funds|funds|
|INCOME AND ENDOWMENTS|FROM||||||
|Charitable
activities|||65||65|105|
|Investment
Income||2|328971||328 971|321396|
|Total|||329 036||329 036|321 501|
|EXPENDITURE ON|||||||
|Charitable
activities||3|||||
|Grant funding
of activities
Support Costs|||290,418
42 196||290,418
42 196|327,274
41 755|
|Total|||332 614||332614|369 029|
|Net gains on investments|||32382|624126|656 ~08|1 218 776|
|NET INCOME|||28,804|624,126|652,930|1,171,248|
|RECONCILIATION
OF FUNDS|||||||
|Total funds brought forward|||1067904|776297030|777357934|6 564 686|
|TOTAL FUNDS CARRIED FORWARD|||135708|8 253 156|8 388864|7 735 934|
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||||||2022|2021|
|---|---|---|---|---|---|---|
||||Unrestricted|Endowment|Total|Tata I|
|||Notes|funds
f|fund
f|funds
f|funds
f|
|FIXEDASSETS|||||||
|Investments|||1237117|872539156|873767273|777197767|
|CURRENT ASSETS|||||||
|Cash at bank|||15,555||15,555|19,007|
|CREDITORS|||||||
|Amounts
falling due within|one year|9|(2,964)||(2,964)|(2,840)|
|NET CURRENT ASSETS|||12591||12591|16 167|
|TOTAL ASSETS LESSCURRENT|||||||
|LIABILITIES|||135,708|8,253,156|8,388,864|777357934|
|NET ASSETS|||135700|8 253 156|0 380 004|7735934|
|FUNDS||10|||||
|Unrestricted
funds|||||135,708|106,904|
|Endowment
funds|||||8 253 1~6|7 629 ~30|
|TOTAL FUNDS|||||8 300 064|7 735 934|
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|||||||||||Year||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||Ended|Year Ended|
|||||||||||31.3.22|31.3.21|
||||||||||||f|
|Dividends|- CBF||Investment|||funds||||86,025|83,5i6|
|Dividends
Dividends|- CBF property
funds
- Charifund
Investment||||||funds|||38,746
204,131|36,008
201,663|
|Interest|on cash||deposits|||||||69|209|
|||||||||||328922|321396|
|CHARITABLE||ACTIVITIES||||COSTS||||||
|||||||||Grant||||
|||||||||funding|of|||
|||||||||activities||||
|||||||||(see note||Support||
|||||||||4)
f||costs
f|TotaIs
f|
|Grant funding||of|activities|||||2901418|||2901418|
|Support Costs||||||||||42 196|42 196|
|||||||||290 418||42 196|332614|
|GRANTS|PAYABLE|||||||||||
|||||||||||2022|2021|
||||||||||||f|
|Grant funding||of|activities|||||||~290418|~327 274|
|The total|grants||paid to Institutions||||during|the year were as follows:||||
|||||||||||Year Ended|Year Ended|
|||||||||||31.3.22
f|31.3.21
f|
|Diocese of Chelmsford
Diocese ofSt Albans
Other Corporate
Grants||||||||||110,000
110,000
28950|1i0,000
110,000
30 146|
|||||||||||228 950|250 146|
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|The average
monthly
number
of|em|ployees
during
the year|was as follow|s:|s:||
|---|---|---|---|---|---|---|
|||||2022||2021|
|Office|||||1|1|
|No employees
received emoluments||In excess off60,000.|||||
|COMPARATIVES
FOR THE STATEMENT OF FINANCIAL|||ACTIVITIES||||
||||Unrestricted|Endowment||Total|
||||funds
I|fund
6||fundsI|
|INCOME AND ENDOWMENTS|FROM||||||
|Charitable
activities|||105|||105|
|Investment
Income|||321396|||321396|
|Total|||321 501|||321 501|
|EXPENDITURE ON|||||||
|Charitable
activities|||||||
|Grant funding
of activities|||327,274|||327,274|
|Support
Costs|||41 755|||41 755|
|Total|||369 029|||369 029|
|Net gains/(losses)
on Investments||~38 0677||1 256|843|1 218 776|
|NET INCOME/(EXPENDITURE)|||(85 595)|172567843||171717248|
|RECONCILIATION
OF FUNDS|||||||
|Total funds brought
forward|||192,499|6,372,187||6,564,686|
|TOTAL FUNDS CARRIED FORWARD|||106 904|7 629 030||7 735 934|
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||at M&G Secu|rities
Limited.||||||||
|---|---|---|---|---|---|---|---|---|---|
||||Investme|Property||||||
||||nt Fund
6|Fund
6||||Charifund
6|Totalf|
||Market value|at 1st||||||||
||April 2021||2,926,309|785,930||||4,007,529|7,719,768|
||Additions/(Dlsposals)|||||||||
||Change
In value|||||||||
||during
the year||246,618|117,845||||292 044|6567507|
||Market value|at 31st||||||||
||March 2022||3 172 927|903770||||4 299 573|8 376 275|
||Historical cost:|||||||||
||At 31 March|2022|261,904|883,174||||3,137,565|4,282,643|
||At 31 March|2021|261 904|803|174|||3 137065|4 202 643|
|9.|CREDITORS: AMOUNTS||FALLING DUE|WITHIN ONE|YEAR|||||
|||||||||2022|2021
I|
||Audit fee|||||||2,676|2,560|
||Fee to Corporate Trustee|||||||288|280|
|||||||||~2964|~2840|
|10.|MOVEMENT|IN FUNDS||||||||
|||||||||Net||
|||||||||movement|At|
|||||||At|1.4.21
In funds
I
I||31.3.22|
||Unrestricted|funds||||||||
||General
fund|||||106,904||28,804|135,708|
||Endowment|funds||||||||
||Endowment|Fund||||||||
||||||776299030|||6247126|872537156|
||TOTAL FUNDS||||7|73~ 934||652 030|8300864|
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|MOVEMENT|MOVEMENT|IN FUNDS|- contin|ued||||
|---|---|---|---|---|---|---|---|
|Net movement||in funds,|induded|in the above are as|follows:|||
|||||incoming|Resources|Gains and|Movement|
|||||resources
E|expended
I|losses
I|In funds
I|
|Unrestricted||funds||||||
|General
fund||||3297036|(3329614)|32,382|28,804|
|Endowment||funds||||||
|Endowment|Fund|||||||
|||||||6247126|6249126|
|TOTAL FUNDS||||~329036|~332614)|~656 508|~652 930|
##
|Compar|ative|s
for movement
In fun|ds|||
|---|---|---|---|---|---|
|||||Net||
|||||movement|At|
||||At 1.4.20
I|in funds
E|31.3.21
I|
|Unrestricted||funds||||
|General|fund||1921499|(851595)|1061904|
|Endowment||funds||||
|Endowment||Fund||||
||||673727187|1 2567843|77629 030|
|TOTAL|FUNDS||6 564 686|1 171248|7 735 934|
|Comparative|net movement
in f|unds,
Included
In the a|bove are as follo|ws:||
|---|---|---|---|---|---|
|||incoming|Resources|Gains and|Movement|
|||resources
E|expended
I|losses
I|in funds
I|
|Unrestricted|funds|||||
|General
fund||321,501|(369,029)|(38,067)|(85,595)|
|Endowment|funds|||||
|Endowment|Fund|||||
|||||1,256,843|1,256,843|
|TOTAL FUNDS||321 501|~369029)|1 218 776|1 171248|
##
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##
|A curren|t ye|ar 12 months
and prior ye|ar 12 months
combined
position|Is as follows:||
|---|---|---|---|---|---|
|||||Net||
|||||movement|At|
||||At 1.4.20
I|In funds
f|31.3.22
I|
|Unrestricted||funds||||
|General|fund||192,499|(56,791)|135,708|
|Endowment||funds||||
|Endowment||Fund||||
||||673727187|178807969|812537156|
|TOTAL|FUNDS||6 664 686|1 824 178|8 388864|
|the above ar|e as follows:|||||
|---|---|---|---|---|---|
|||incoming|Resources|Gains and|Movement|
|||resources
I|expended
I|losses
I|In funds
I|
|Unrestricted|funds|||||
|General
fund||650,537|(701,643)|(5,685)|(56,791)|
|Endowment|funds|||||
|Endowment|Fund|||||
|||||1,880,969|1,880,969|
|TOTAL FUNDS||~650 537|~701 643)|1~875284|1~824 178|
##
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||||2022I|2021I|
|---|---|---|---|---|
|INCOME AND ENDOWMENTS|||||
|Charitable
activities|||||
|Donations|||65|105|
|Investment
Income|||||
|Investment
Income|||3~28 971|~321396|
|Total incoming
resources|||329,036|321,501|
|EXPENDITURE|||||
|Charitable
activities|||||
|Grants to institutions|||228,950|250,146|
|Grants to individuals|||~61468|~77 128|
||||290,418|327,274|
|Support costs|||||
|Human
resources|||||
|Wages|||35,144|33,343|
|Other|||||
|Insurance|||327|326|
|Office supplies,
post 8|tel||1,987|2,591|
|Computer
/ webslte costs
Staff travel expenses
ACCT and
RE council membership|||344
94
893|1,471
19
~1132|
||||3,645|5,539|
|Transfer of Governance||Costs|||
|Wages
Insurance
ONce supplies,
post Ik tel
Computer
/ webslte costs
Staff travel expenses
ACCT and RE council membership|||(3,514)
(33)
(199)
(34)
(9)
~89)|(3,334)
(33)
(231)
(147)
(2)
~113)|
||||(3,878)|(3,860)|
|Governance
costs|||||
|Trustees' expenses|||104||
|Auditors'
remuneration|||2,672|2,560|
|Auditors'
remuneration|for|non audit work|288|280|
|Governance
Support Costs
Costs ofTrustees
meetings|||3,878
343|3,893|
||||~7285|~6733|
|Total resources
expended|||3~32614|~369 029|
|Net expenditure|||~3578)|~47 528)|