Rqgi8t•red Nurnber.. 001639Tra DERBY DIQCESAN BOAIID OF EDUCAIK)N vne00tod x • Coffwny IlmSt•d by guarant••l REPORTS ANO FIIIAMCIAL STATEMEN75 31¥t Oèt¢ml)•r 2021 ¢AB016PEW• 2WO912022 COMPANIES HOUSE A17
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DeR8Y(4ocesAN 8¢)ARDOF EDIKATIOII Pag• Comparry Rewt ofthe lrntslees Inde¢endEnt YepNt 10-12 slatent olfm8nad as%ties 13 Summary Inc & expEnddurÈ atteu 14 Stalerrt olfinantaal poth.on 15 Stalemert of cash lkn 16 Noles relatirg to th•final•l slalemenls 17-29
DEP8Y DIO¢ESAII BOARD OF EDUCATION COMPANY pARUL President & chaian RL Reve 8i5knp &E8beth Lane Bishop5 Ninee aryd Ch•ir oftr The Venerable C. co8tt The Reverend Canon Al. Maanaughton lappoYrted 22.Cfj.21 Tle&S (Synod Appoinlrrtnlsl car J. Cooper Ire$tyd 15.03.221 RevererKI N. Fenton r O. Marbn Tl Rever S. WhilE F. &wain CaMn C. Holl5-EIerr 5. S. Barley-mu1n The Revetend D. Mffjf lappoinied 08.02.211 The Rend P. Sdby18ppoinled 06.02.211 Ctropted rs C. Fewna The Reverend N. Roberts I19ned 22.06.211 Mr. J. Cpharn lappomle¢J 08.02.211 Mrs. C. Ba18pwrfed 08.02.211 (Thiser¥er Mr5 M. T1maSS>]d8rd Secretary othj C¢¢1 of Edwboii Canon L. Wainscot Iregned 31.08.211 Canon C. Le15 {appnted 01.09.211 Registered Offite Oatjy Churth H8e Slréei oet, DEI 3DR Independent ArtOr eHP LLP 57.S9 S*lerWe DetyshirE ChBstevfiekl S40 1UL Bafftkefs Nalional We5knin5ter Bank 58 Sl Pelers Street. Derby. DE1 1XL Sdiryto J.H. Po1 & Co. Catwral Chambers Nley. Dety, DE1 3GT CLMnpany AegK%ted mber 46390 Charity Nbe[ 527038
DER8Y DIOCESAN BOARD OF EDUCATION CIIAIR% REPORT Chalf• r•wlfory•ar•ndbng D¢•Mr21• 11 has been mygreat honour 8TrJ pge to ha thaired DSan Boty ol Elucation and report is wbbthed aThi$i$igrAftani periods of thange bolh inlemltry and externalty. Fir51ty. my thanks gts lo all of IF team ho have tiress1ed sclkn)ols, thr(s aThJ IuSej5 8Th1 tyke¢l profeswonally lo ttfilinue to embrace Ihe Church of England ¥in for Education 15 deepty GlStian Jes5. pr<Thts¢ of"Life in all its ftJllrE5s" ai 115 heort. The Boar continues lo act as an ad¥oc4le for •rbY young Fwk4e headteathers. govenm, ckr9y rths in (derthat they may prod8im the 9o$p¢I 1hroh attyons. tYds and tre buthj. Inlernal thalenge$ that affeded tapacty across thJitÈam at Ihe art 012020 eoniiTrthd Ihrouw 2021. LiThJa Wairsscc4 was inierim DOE from January 2021 until Cardyn Lewis loo up Ihe rde in September 2021. Netta Ru&8el, DBE s SeniorAdmini%tralor retired in Septemter fol7 36 ye8rs of failhfijl Ser. Shakher Kh1. Deputy re¢l0[ IBuswssl left n Dertmber 2021. tindsey hoSiDinÈd the team as ExeGutiv¢ As5i5tsnl and Jason ri¢j9¢ a5 Serrior Business & OperatiQn5 Manager. A DepLty reciOr has aD been appointed and is due Io start in September 2022. Ourdeepest Ihank$ are exwessed lorthe invaluat4e Ihat i8, Shak aTrJ Netta all made to Kirk oftt DBE. In 8ddthon to the inlemal Comp15 9hIahted above. * have tyrieed grtal upheaval notionaly a5 edLtcalK)n has 5wghl lo respond effectivety lo the signific4nl impacl of ¢X)rOnorL pandernK on owsthooL4. Iheir chddren and yowoj yople. staff and Ihe rk ofthe DBE. Al the start of 2021 al schoo& in the UK asked Mce agaffj 10 d¢)se to al thljren except those of keYer$ and ehildren tondered vulnerable. Ins¢tn5 and eXaminatV5 %AEre Caned aTrJ educalw offi(rs togetherith many sth)c4 staff traone{l to horr¥thing and Iherelore Ihis resuiied in a r8pJty thangry loNScape as ¥ 50uyM 10 and ThovatNe Wdy5 of k)¥E and swport. Neverlhe12ss. 8H of these dNenges. lknughaul 221 the DBFS reSpDn5iIty for adv8nLirvJ thE of Chi$118n education and training in the panshes ollhe Diocese has contirrtJed lo sorne extsni, en81r$ and 5wrw trtwork Of1 111 Chwth olEngland schools. one joint Church ofcnglandlMcth¢AiI oThY oneJo¥A Clrth ofEry1jVROm C¥lhok Srh)0114thn Diocese. AS Ihe leam t5 rthMlI. t1. i¥ much lo be dane. Despite Ihe chalenging lime as thair I have innwthety erqoyed Ihe role. thwsKle the Intee$ 8Th1 01T$ aTrJ seeing the Board grow in confidence and expertKe. Ckne ol my rna (W¥hts is ** Inty relationsknps and See (M(treTh. yourg people a1 adthls flourish and throughout Ihe many thalknges have tsced. I feel Ihts h8S StAI been eYlenL Th Rt R•v'd riralcofm M*cMuyhton, Bishop•f Repton Dgto.. Sep 26, 2022
DERBY DIOCESAPI 8014RD OF EDUCATXXI EDUCATIOM REPORT OF nie TRUSTEES The Trustees present I1r report and the financial stateTTrents of Ihe £8nty for the ar eTrJed 31$¢ Dectrt>er2021. The truslees have ad¢)pted provisims ofthe Slaternent of ReurrK1e0 PraciKe ISORPI AcctyJnl¥ry and ReWrj by CharitE5' in ppary Ihp annual report and finanaal stalemeThts of thB ¢wity. The finanpal stoiemerts have been prepared in acc¢)rdance ith the a¢oni pol5 set (¥Jt in Mtes to IhÈ aeetyJrt$ and umpty•th the tharitys governing dMent, the Chaiities Act 2011 afvj ACcNirj and Reportry bycharilies.. Slalement ol RecornffTrJed Praclic applicable lo tharilies prepariw their accounts in accordanrt vAth Fwraal Reporiry Standard apF4Ka14e Ihe UK Repu1¢ of Ireland puNhd in October 2019. OBJECIIVES AND ACIIVrnES The eoafd cortnues lo eXerce many ofits ttroLoh the of 2 ccffjmrtlees. narty Ihe Sthcxil Effectwene55 Commee and Ihe FIrnCe mittee." eath wilh Terns ofRefererKe re¥ arKI rEfre5W Ivjhl oft1 DBE Measure 2021. The aim ollhese ' groups w7$ to fatyiitaie mort depth of key areas ofthe statutoryfvn¢tiorts dÈtemiwd bylhe clocesan Boards of EducalK)Th measu 2021. The broad areas a as to womole or a55t in IhE promolion ofeducabw thal is f{rftert1mlhthe f•th and practi OfV Ctrw¢h ofENJlaThJ; tp ptomoi¢ ty asstst in Ihe F¥omoion of ref4bxts aTrJ lIShIP in 8choo li Ihe diotese", lo prcffiote w assst in the pr¢ynotion olthwth s(001s diocese., More dBlwl obout tt ofeath committ¢¢ and the ls¥tith Ihe DBE Meaw may be [0j in the Terns ol Referere wt4sherf cffj the DBE'S te. The DBE'S prin¥pal acknty ts the provBN)n ol a raThJe of avntd ai ser¥irKJ aThJ equipprMJ Chwch ol Eland sthools and academies and community stools in fomal partnertMis. ablty lo wowle I SeThS has been iwcted by the reducbon in capauty ofthe DBE staff learn and as a cm8eqUer Of1 pandemi - Recruit arkl irwjud newaff learn wnber5 - Update ¥ll k¢y policy and guwJarb¢¢ LIo¢LTrMlthl)n Eslabli$h a %bsile for the 08E - Appoint exlemal accountarts -Appoinl exlernal BuilLlngs Athsfjr -Appoinl Goveman( and AdmyM$ Establish doud-based IT 5y$lerns - DelOP a costed Parbtship Agreefflenl lor sthoo -Appoinl RE Today to lvIde suppm trairwwj to 8(knJo - Imthment ihe DBE Measure 2021 Finalise 08E V15i0n . Oevelop a MvllpArademy TrLtst Slraiegy . E&blish processes for apwNmern ol FtyJry1al &)bv - A view01911 Mn-5chool and schjol tOJ5ts - Eslabli5h fm¥ce PureS The prnupal bene4'aS ofthest serri5 we apyoA7n 15.Iw) and yw pet ttefyJwYJ tr 110 of Enybnd wmary sthools and 1 Churth of Englafvj Second free schottl itlM"n the t1iocese acTOSS 2 L•c41 thorIties. These are Ihe cty of De and Oerbyshire. Of prim sthoojs, 20 are VolunlaryAled IVAI. 65 are Vobmtsry Cwlromed (VCI and 26 are acaderyxs. Ofthe 26 academies. 15 ofthe formerVA primary $th08, 11 of the I0r VC wmary sthoots and 1 secondary S1 are in Derby t'oct5an Audemy Trust IDDATI ujrrentythe on diocesan majority MAT. ey DKerntr 2020. 45% ofthe VA sthools and 15% of ihe VC xlwL had jtyrd Ihe Trtl. Th are 4 commw)ity S¢hoo15 in the T11 and one Fe Sthool (Derby C•tWr•l Stho00. h) jdOn. 2 sdboots •rt part of Ihe Embart MAT •rd 1 s¢hool is p•rt Ofthe John TaOr MAT. WKler than Ihis. D8E aL80 aims to vomtste atsj ¥swt In the edUcatiOn L•nSi ¥Aiih the fath #nd Wadi¢¢ oflhe Church of Eryjland across the dv)c8se as a PublK bonofit The Truslees confirn that Ihey have gwen ca11 consider"on to the Chanty ComrnsJn's gewa glidwce M puÈ berrA.
DERBY OIOCESAII BOARD OF EDUCATIOM RepoRT OFTHETRUSTEES Th• Ststutory lffispèttoon olAn91ican •nd M•thodist SCI18 ISIAIAS) The n81ianal team is respwwble for all aspects ofll% pcesS. Al SIAMS lFeCts$ we su¥ended (Je to the pandemicvalh briefre-tntroduction Aulumn 2021. sthotsl •$ in¥thd lh tem7 wasJuthJed lo be'Good'. As a DBE are wpMsitle fcrf k¥ovidiThJ ¥airr¥J. adwce aTrJ guM1anc for 5th)015 in relatiM to I Ckn5ban vIn aTrY tharacler. Thi5 year. the DDE has offered all schoc45 due lo be a 1".1 discuss. &0015 have reported that these have been extremety helpful. The w Deputy Directorwl IBJ on 1 areas of for SIAMS. DBE K•y P4rtnwshlps •1 Chureh <rfEngl•nd F¢wndatlon lor L•9[n Thè iniem) Directors contiThJed to in partner5hp Wilh the of England Educatiw Offict. This has Iuded Ihe tran$fer)f responybilibe5 lor c¥ganw4J SlalLrtory thspeclw of Arykan & MBlhDdtsi Sthoots ISthMSI from the DBE to the CEEO. DBE 0er5 have also supporled Dloose of Derby AthmyTIusi in a dehery partn¢r for NaIion rrfofessional Quafificalh)ns INpasl. Car¢tyn Le18 has wled fjth Ihe CEEO to inplmnt Ihe OBE Ika5Lre 2W21 by drairvJ w a 5rJvth lor iMtatIon ffj the Dwse of Derby bl Lo1 A¥th0ry and •th•r Dlty¢• Small s(hoc4 5u5tainabil.ty contbnue5 to be a ¢haleffje. The CeE. in prshyw•lh Il L+xal Authority. 10 our SLoo15 around different modds to a mNe $ustnatrk viable fulfft. In tent years. all ol th Cathc4ic 5chooLs ithin the ca1holcdioce have been tsken irrfo the cath 111 Acaderny TnJ51. More of our CE Vdunlary Aided Al schools haveioined DDAT. Thi5 mean5 Ihat It School C0Trj0Th AlOtion ISCAI fundirvj'pot. Ihai these schools generated land frum thith Ihe DBE pfiontise Wing proJe£ts auoss CathDh¢ and CE VA S0$) has 8ffjnthcanlfy decreased. There are fewVA scools in Derby Cty Ihat are not in a mulli academy tw¥t and on Ihw %%41 nol gererale erLough funding for 8KJnrficanl building ths. The number ofVA 5chcds in Dertythre Ihal have not converted 10 academy $latUS 15 also Teducing. thelOfe Ihe'pol, frorn thith tywJulJ aCtss fLwTrJiny It Wiw also OeueNJ. TIMS has the Derby DBE lo loin Wlh Lwc£sler, Sout11 & Nottin9N4m 8Th1 Coventry Dty)ce5es lo form a grwp wth several large enowh lo carry on retri¥Ary fundir¥J. In 202112022. Derby Diocese recewed £280.488 fvThlir9 toward$ schooLs buming projecls. Thi5 r6 5thopl conditions allo¢alivr ISCAI and the iotyse ffwrequ81 Payrt$01£70.l22 i) May, th, athl Septen These fund5 invested m buldiry woiects in 6 olour schools hver. prirnarity due io the ongory impacts of the pandemic, expenrtfturÈ was noi 81 th le¥eL% fo¢ecasL Tr urpent are overinio Ihe Ic4lo•ng year and * kno for a return to more nonnal aCtity leve15 in 2022 more schoob $Vj benefrt frrm thks instmeTri ¢1 Tho P•ak C•ntv• in Ed In the absenc ofa youth oifKer. ¢4)NK)nS ha4t contThd Ihis Diocesan Cwian kiNtyCentre. 0r5 schoD15 and yOh groups facilits"e5 to partake m tyJer 1lurn. QFg(xlw$. Havir¥J ¢¢ated tts 50 ye0 b•1hday 2019. 2020 was set lo be a fill of bo(rys and refrJrfx"sl¥nenL Due lo the pandemic most of Ihe bookiws and 8cthvitiesre poslpored. and sl8ff lurfwjhed. HVer. began lo rvlurn 2021. Link510 the thwch •rd Ihe wljage have remained $tfOD9 arKI Ben Ady ha$ ntHlUed 10 devekw bJe8s for future errfJagemeNt.
DERBY DIOCESAN BOARD OF EDIICATION REPORT OF THE TrUSTEES Childr•nS And young p•opl•ts Sarah 8r0v. part Itme CI¥bJren'sAthr. [rjE to home dunry fv parnlemi¢ and k¢pi in iouch dEryy and youlh and thndren'5 group5 via mailirMJ8 onlire c415. There WdS no Youth Advtsei duriry Ihe yeaT. ThÈ Cmdren's Adwser Mailiny$Mere used for essentsal note$. The Chwch of Englafid"Failh at Home" res0w$ prO¥Ie1 +jd.0 thas and resolYs. Tl IocxJ5 was iar¢Jety on Colective WorshiA$stMblie$, linked to al1ritrrteS swh as KirWJrs. Gerrosty ett. Res0W5 b4sed M Ihe kdonaryiwih ideas and ¢¢£asional ve¢ dips. avallabk on the Dty)ce5an bSite for thurds to atLW. Feedbac h05 beefi positfft some thurths dIsknbutVj resour lo families. and olhets using hleas for an Age se¢M of a1r wship. over8NtraiThro and devthwheni everts onhne had a rnixed lake up. Subjects includ1n9."SeriSty Me55K Tea¥emen1 ID Messy cor¥Jregimsl aThY-Unexpected Chihj Church Area. wpre fv organised lor church leadern. Over the second halfof the year. a surveyofthe reWiorhw 01thCheS (r1 jIt Chvrth Er¢larO sth)c4$1 ws comied. M)rking a Deanery ai 8 time. In otherareas, lO[Ma1 meelir¥Js ith IIE Disatd"lty Ir1dl hwt Corr K4anr¥r¥J for irnptowrg Chwth acct¥)11fy fw Ih)se With 8 di5Ptility. There is ongoing dialogue ganiSa1)n% •d thariks a8 UM)n, RerwWew, Noah and Prtyer Spaces to share fesources thurthes 8nd cMdren'$ leaders armss the Diocese. hough devek)wenlsith resp¢d lo Y¥xth have been delayed tr+slaffty and thè the •fflbAion to have Schools and PuLS Involved in n¢w(4ergy appThnlments has been hp1nted wa zoom. t1 lo streThJlhw ts link sthools and ¢hurthes. Curat• Pl4¢gThnts Previously. il had been plamed Ihat Slipendiary (yJras Duhl hast to cornpleie a 8¢eMern in one of our chch schooLs as part of their In1.81 Ministerial Educatn. Sadty, Ihis was pul hohj due lo ctrY. it wtterthd that by spenthry in a 5(hooi aThJ and slaff it %ill lead lo a deep IhBologic41 reftection and mini%tsri41 loFm•tyon. Oth•r Oiher areas of¢Jevelopment arxos5 Ihp OBE h•%E indLJed put4¢4tsw ofrn rt¥ry¥¢d wl¢ies there Ourch.aTh K)n 1$ now expli¢it. The DBE h•5 4 n¢wbsite. We also reco9nise oui role in becomry Carbon Neu and anbcwate that as OW Staffiry capauty irKlea. we 41 be in a p05itKin to gppty for bid% ich missed out on. in the first round olfiry thrEd forsuth ry0Rcts. Finaty, in 2021 le9i$lation re4uired revwin of the lorlhe of IhÈ Bowrf. "ated in 20218r•a VAI be conduded during Ihe cOue of 2022. FUSK MANAGEMENT The Iruslees have idered Ihe major str8legK aThJ oper8bwal ri5k& Ihe caritablB cParry8 and are ssfied Ihal the rEress sleps have already been tsken lo le55en these ri5k5. The risk gIster Nlenbfies key areas v)ere Ihe of tiiher faJe lo adorthe iftwl ofthe e¥ents is consklered Thwjh.. TKese are85 and as80C4aled rThtwJation Strateg are.. FIn0re- Ihg 9r¥ni from the DBF in dedir arth iiadequate lo rneet ihe respMsth"lilies of Ihe Board Regular distussion aThl good C•Mmunon w•der diocuan lo sh w5ioTr and apwoath lo slrengtheTh relabwsw IBLT. Bu5the$5 Committee. Bishops cthJn¢l. DÈarw8ThJ th"ocesan SynDdsl. DOE 10 allend BuSeSS CommAtee foreaty in¢jKaI of rthatyes so that chary? can be elkdNety man4ed 8alance of reseThes m8WttaIr to gNe 5ffj¢ient time to plan. Rtvw olte$ource reqsted D8F RecruilrnBnt & Reterrtion- inabdity of D8E lo reuLiI apwowialdygu¥rfEd exFwwKed si•ff DBE Board lo be eThJaged to enab c¥¥er affangenw15 to be styJrced1ry' 5hwed sl•ff OlherrftySe. ¢WSLdtantset¢l Ensuring good pasloral care sy51em5 aTr in e. n0edge shoring. 5ucces¥m plning. rypauty TA•fvn Ih? Tam. Review 01$¥e$ offered r¢uuil and ieiain r#Jbt FeoplÈ. Exploralitin af backfil sorr a$peLXS ol rOS addthrnal ¢apaw wo¥bJed by appr0pria1etyqtsalrfd and experierKed CorlIals.
DERBYOWESAM BOARD OF EDUCATK)M REPORTOF THE TRUSTEES Rlsk m•naq•m•nt Icontlnu•d...I Small sthool ¥iab4ty- ii¥k ol sthool c)sure and diyopoitwate iryact on ommLVUty. Need to SLwpryI collaboral&ve approaths. È.9. fedttw and xadEmisbon Nved lo d•velop a Academy Tt strategy FINANCIAL REVJEW The 8oard invests ltre majomy of it$ IwKls tlrouyh CCLA In¥esDiiert m•nagÈmeMth are kirwestment rfomiance. A subsl8nli81 elemeni of Ihe 8oar&s funds rd to be kepi Iv4uKI iecaus• of its rde in brwjgiry. burfthj prwls in schools befv4een paymeThl of invoices lo contraclors aTrJ the receipt of grants from DE. In Odc•er 2C¥19 the Board Iwk p055ession 018 fonw 5th01 house al Wesn9ton upw the termiThalion ol a 99 year least to the Cowty CoLrriI. an annual rent of 50p had been payatrAe. The huuse VAS sdd al public aucbon in 2010 and pror%eds £184.392 ftymtd a new Restricted Fts1 wtu¢h ts be4 Ltsed lo h subwdts¢ bjldmg proie#s there Ihe 9OV6ming body is e4)eiiÈnLing in share. The Board assists Voluntary ded sdTools Ihe a¢Jrnini5trabon of for sthool projects and PTovision of IT equrnent. The Board acts as a9ent on behawof 5th001 governirg bodE5 in r¥1 from the C)epartmerrf for Edycatron. k)cal athhorities and otherfurKliTrJ soyrc¥s and settling contractors, o)sts and professthal ftes. The DfE and ass¢)oaied eynditurÈ arè ts)sts ofthe charty and tfrefore are not refleL1ed ith the slalemenl of fina281 adivits"es. The stalemeni of finarthl actifres for ts year and the stalenI of frianoal position oflhe chartable company al the year-end are shw w page5 13 aTrl 15 respec1We. Unre5thctyd funds 5hDwnet irKrynirvJ resourcts before Iran5fer5 01 £122.532 12020. nel outgoing resources of £14.3711. Resbithd funds shDwnet w•Mir) soUrCeS of £210.704 (2020.. £28.59SI. End¢)Mment fvnds Slwnet inGomirKJ resowces Of £153.859 (2020.. £69.189). As set out in Notes 16. 17 aThY 18 Ihe Bowd hold5 and admint5ters a large nLber of re5trthd aThY eThYvAThent lurKls. As al 31 Drnber2021 slricled fvnd5 tolollsd £1,034.73612020- £816.2321 and 1(knled £1.242.02512020- £1.088,1661. ther •re ava4abk forthe general PUSe$ ollhe Board. LthrestrwXed gerral ljnds lotaled £1.166,69612020.. £1.051.9641. Charilable Cornpanlsvthoty-ryAd tradvw sthsAliwy, fkny tkDCe5an SeNc¢s Lirnited, remai dormanl ha$ noi traded duriNJ IhÈ yearended 31 Decemtei 2021. Iny•stment pdicy Underthe Memornfvjwn and AnKI¢s ofASwts. the Bo•r¢ hos ts ptyrt0 make lrtvesknI th81 Ihe tNstee8 see fil. The Board has an agreed elhical stance on Investmenls and VAI rK)I make in¥estmeThls n (•ran ttwlde in or Prce amiarnent5. Most oflhe inv851ments are held ilh CCLA Inve51ffent Management Ltd. The vahr offinaTrcial Nwestmenl$ h¥5 irKyea5ed in the arlIh rt gal of£268.21712020". e51.2181. Irbve5frneni pwpeThes had an Unrease1 9aM of £96.236 P020". unreahsed hjss of £40,000). R8s•rv9s polky The Board 5trive5 lo ensure thai rf mairtsins suffioenl reserves kn enaNe it lo COnth lo atlmeve Ihe obJ"eclTves of the thariiable company for Ihe foreseeable lutur?. This invofves. as of necessty. ensurry Ihat adequate reserves arE maintaid io provhye a ol Income that %%ill Support future activity. This Prorne is supplemented by capilal artsing from the sak of buddiry5 May become swpkn$ tD reqvWntS. This flexiblity perrnit5 Ihe thoritable ty)mpanls capital to be deF4eied In yeats of high expeTrJrture on proptts. of the 8oard 1$ funded 101nY by the Oerby Diocesan 8oard ol Finance. pay Ihe Ma1 of offi(rs' sak•ry cosls aThl make 8 grant loward5 operatirvJ t•$ts. aj income on the 8oard's finanoal veStMentS. The 8oard akn deri¥e5 a Smal from a nurthr of propert*s. Addthnal income may be deri¥ed Irom Ihe $ak of reduTrJant sthool trAJilrfry$.
DER8Y DIOCESAN BOARD OF EOUCATIOII REPORT OF THE TRUSTEES Frn• r•s•ryos The trustees, reseThes poh'Ly r& to ensure Ihe oladequale fiTranri res0Wr fft on ¢nroNment of ronslart change and in¢fea&ng thallenge. without having to make sdefi irKreases dwryes fw5ervic¢s. po isllwefore for GenÈrnl Fund r¢serv¢s, not hehj fi¥ a55e15. IG be ilfrin a ide of betr IPKee ond lElvt monts. of it yearfs tot resour5 e4)ended. Ffee rwryes inc4Jde inSIMents w bythe Board. In wder kn ma¥mnva¢ operational Ihe Board purtha8ed addrtJn 8hare$ in 2021, as these provide svJnThleanty better than reseNes hebj in the bank. Board can ety drwwdrya•n tsse reserwes 5houKI Ihe fieed arise. It shouh1 be noted that represerts a change in howfree reserye5 art fyp¢yted. as suth w)vestsnents ex)ed tron) the definiti¢n. The indu510n of suth irweslmenl mB8ns Ihe baL?e of uNe5tricW fret rser¥E5 0131 Dec¢rteras £1,071.74012020". £955,112- Ihe vised defIn"0nI. Re8•YV•S ttad up in fixtd ass•ts UnStric1ed funds comprise net assets arnowlry lo £1.166.69612020" £1.051.Wl of¥li £94.95612020.. £96.8521 i lh1 a$ taNJtJle fixed ssets. Some of these reserves are de51gnaled for woieds thal be ried out ffl the fuiwe in line w•th the ViSlDn olthe DBE. Suth as an ONJO9 review of propertEs •nO to maxniJe rdum on mve$th. PLANS FOR FimJRE PEFIIOOS From SÈptember2021. Ihe Boaftl developed a ry-year adion plan to address operaitth)al matters a sustaffted perirwj wthout a p¢m)anert Diredor. A rwieam has been recAHled and Ihis has strne the Board's tapa¢ lo Sort sths)ots. Within Ihe %ider Di05¢. 4 fi¢wvrsion has •mwyed. The DBE has cMsid¢rEd ItM$ and re-WIn its ¥1 to its contritrtth.on to the Diocese. AJMg$ide a Ihree-larrale has teTr (fealed key awr"onal indtcators Small $ch¢)ol $ustawtslity tontinue$ to be • prwity for Ihe Btsa Educaiitin. With • olthe Edutalh?n Sem$ Grant IESGI the ability of the Local Athorilies ILA) to SLWPOrt sthttol$ has been drasbc41ty reduced. The Nats"Mal Fwdmg FonThJla INFFI ts omntiv itroduced in a soft 'mannef' as a res1 of LA invdverrent i5 ¢¥ne lirThied. S¢>on fill effect of the NFF V&il be IEN all $thods. FinanrAal rnodelliNJ suggests Ihai $m4 schools41 be p•titwl#ty vukntrable lo llis. The diocse has many srnan 8choc45 so faciitalwi olelkcts%% color¥DM Ihrcwh federati or4tsdenM8alicffj 15 a koy wgoing and lulure acli¥ity for Ihe Board rfschools are lo M8M econonwes of scal? remap) vwtle. tt ollhe pOVMentSwMe Paper in 2022. Ihe Board has develwed a MuttiAcademy Trust $trateyy. STRU¢nlRE. GOVERMANce AND MANAGeKNT Oerby DCts8n Board ofEducaton M a dbaraab company knrted bygu¥arrtee. The Ity of Ihe rI4)erS is limrted lo £1. As sel out in afAssooation. the Chrman olthe Board oftw w sOme apwnted ty the Board in consthts.on wth the Bishop. Members serve hjrthree >ws. The tru5tee5 ** asfr4hE: The Bishop 1$ the Pre5idEnt oltt Boar Two persons nominated by Ihe Bisht¥• Not kss than seven or mre than nre persons appointed by ts DiD$¥N Syrnd 121 13)
DÉR8Y DIOCESAN BOAIID OF EDUCAIIOII AePORT OF THE TrVSTEES Dlr•ctOf8 and Twst8•8 The director5 ofthe Board. a atso the LteS oftr dwitab coryany dLUY911% Jwr. aryj al the d• thiS feport. are sei out on page l. The Board appoin15 a Oiredorol Educa to ts Offir$ ore 3nIable. Tr8• f•cruMm•n(8•l•etloth & ndtIon The trustees ofthe carilable company (Th Chari) Ire bts tru5tee5 the PLVP05e of thanty law an¢J thrOugUt Ihis report are wlledivdy refrrred lo as the Board Nw¥ memT5 are offerÈd an indutin meetir¥J wlh the Th"vedor (detad bElow) and subsequent. training be provided by Offitxts oflhe 80ard. D¢(iSiO ore made demrty at Bo¥d Meelrys, olvthch at are hehy each yeaw. The Di058n Directorol Edvcabon holds ble'Dirpdorf. lyjt Ihis rElale51o IheirlLmcbw ¥Jitkn the oryanisalK)n aThJ ha5 no ley81 meaning within Ihe lerninoloyy as$oriated 1h Ihe Compans Ad M Truskes art required to mainlaiTr thwentry il Ihe record of declaratio ol interest and Y8. The Board hos iTrJemrity in5Lrance lor it5 trwlees key manDgBrrert petsty¥l E1.WO.(W12020- E1.TrJO,OCQI of¢w ts prrided. ft•munernllon of •y m4n•g•m•nt pwsonn•l Emolumenls of hwJher4aid eryloyees we delemxd by thè F¥rt¢e aTrJ CrTh)tie8. as and ryuired. The lerms of rE1Ver for Ihis grrw is estL'Shed by Ihe Bo4r4 •nd regular apwaisals, remuneration and Sary ben¢fvrwknTra and ' reoimmendation o1thormJes vre netessary D•l•gatlon of day to dwy dgI¥•ry The Trustee$ and Ihe Stee& a$$t Ihem in Ihe bANmeni ofth•r respowtkn, rety won Ihe Dredor of Education and cc4kague5 for Ihe delvery olthe day-to-day aclmties of the company. The Th"redor of E¢Jucation is SrifiCar1 genernl dÈ9aled oulhonty to deliwlhe business of Ihe 8oard accord8rKe wih pokries frame(I by the T1¢t$. RELATED PARMES D•rby Dloc•s•n Board of Financ• Ltd The prim•ty ¢bJe¢t ollhe DèF 1510 acA as finanoal exeoJtNe of the Lk¢esan S. b%Thi15t Ihe Board is Separate 1rorpOraled. the DeF Ild¢S &gThficant iesoi¥rs to Ihe 8oard tolaulrfate the 5hwed ¥i5h)n ts rrA55ipn •rbJ rr¥i¥ ith rjyhfren and yr4 peoplp. D•rby DI05• Ac•d•rny T1 Ltd The primary obi8d of the ODAT is to pro¥hJe rE¥ourc¢s ts thB 8wd lo f•thaie Sha bision lor Mssitin aThS ffMnistyvAth thisjren young peop. Fundraislng The charitable cfympany doe5 Trjl cary 5NJr¥kant fvndM%rwJ acb¥S.
DERBY DIOCESAW BOARD OF EDU¢AnoN REPOR7 OF The TRUSTEES TRUSTEES. RESPONSI8ILmES The Iruslees ltto also diredcn ofoety ts"c%san Board of Educabw purposes olcomwy Iwl are reSpoble lor pwaring the Report of ihe Twsiees an¢J the finanual statents and Vr¥ted l(rydMI StaTrJords (United ltiThJdom G2neratyAccepied A£)un11rJ PvoJKl. CoMpY lawrequires the thJstses lo prep•re finanual stale4net)tslweach fina9 Lkmler uJwaThyltyrftr trUaeS must nol approve Ihe financial slalement5 unless they a sabled Ihal IW 9N¢ a and fair ¥wof the state of affairs of charilable company and of the irorning resourGes and appliGalicn ofresource5, the and ewthre. of IhÈ charitae cory•ny ILV that period. In prep8riTwJ these finti•l $latements, trustees arE required 10." set 8tsb12 èEtOLmliNd po&Lits and I1 4pty Ihern £tlSrty. obserye the melhc4Js and prinopks in Ihe ChwrtE5 SORP 2019 (FRS Iir21.' makefftjthjemerts tyr estimates that •re ¥snae and stsle IraPFIcale UK Standarts ha been loknvd. SW lo wrymaterial departwes disc4osed exT4ained in Ihe financial 5talern¢nls', prepar¢ th¢ finarKk¥ ststements on fv wr¥J ¢(wn baw5 4rlpss it is lo preswhe thatlhe charitatl¢ GL¥Dpary wll cwlinue operalicn. The ¢rstee$ reSpOltIe Ici keerATrJ •de¢•wts accowrfity cOr1jS thBt ¢JdSe reath acwacy al arry time Ihe ffinancial position of ihe ¢harilable corwny and ¢nat4e them to enswt thal the $thneth$ ujmpty the CLxnpaniè$ &t 2006. Ttw are also re5pon¥ble for Safeguarding the assets ol the charilabk comparry and hen for iakm9 reas0Thae steps Ihe prevenbon and deiection of fraud and olhei regularil%s. truslees are responsknle for Ihe maintenar integnty oflhe CLraie and firbanEial Inlufflbation ¥Jud¢d on IhE charitaNe wmpany's bsite. Legislatson irs th8 Unled dorn gover¥j preparation and dISrrfnat ol anCIa statements may direr from legislation in other jwisdicltoThs. DISCLOSURE OF INFORIAITION TO THE AUDITOR In 50 f¥ as trustees are awwe.. there is no releyanl audit MIratiOn oftsth fv tharital (¥rwYs awxor is Wre.. arxl Ihe trustees have taken al steps th IY 0jh1 to have ten to make Ilm5kn w4r¢ gf any relB¥ant a¥Jil infvmialkin and lo estabksh Ihat the authtoi i% aware ollhal tOmlI0. Slgngd on b•hlfof thg Bo•rJ of The At R•v'd Ill•kM Bohopolftept AppMv•d •nd au1horf¥b lortssu• byth• Btr*vdW: Sep 26. 2022
IIIDEPENoeMT AUDITO5 RepoRTTO niE MEIABERS OF DERBY DIOCESAII 80ARD OF EDUCATIOII Oplnlon W? have audited the financaal slalernts of Dety DCe$d Bo¥d ol Education Ilhe'tharilabfe companll IDr y¢arended 31 DermbÈr 2021 %thrh compri8e Ihe stslement offfflana 8the5. 5tstemerrf pos1¢N. staneI of and noks to the finanoal stathmenl8, dudiry svjnificanl accolIng pohues. finanrial reptht"NJ fraffvxJrk Ihal ha5 in their preparation is ap1¢ale law and United lfjngdom Accoyntin9 Standards. fftduthrwJ Finantsal RePoj StaThJ8rd 102 th3 UK aTrJ R8publiG&lr4and IVn#ed Gener8lYAcUwedAt>> Pvxittl. lft our0p the fina101 slate1$.. gNe a true and laif vthof the State oltt table eompanys aW"rs as at 31 Decmber 2021, aThl of its incornirvj resources and appl11¢ of re50wces. IncbAiThJ ts incc4De and exrwdi¢up. for the ar en¢Jed'. have been properly prepared ITh acc¢xdance wih United KM Gewaty Accepknd ACCurl¥J PradKe". and have beers prepared in ac£rxdanc re4[eMer ofthe CThres 21th. 8•¥lsfor We ¢Dndy¢ied traL¥lit in aCcCdn¢e ith Intemaithal StsThJards on kn1it1 (UK) IIS4s OJK)) aTrJ applicabk law. Our responsibilit5 underthos8 standards are futher described in the auditor for the audit ofthe ffianual slaten%nts 5ecbon olow report. We are independent ofthe charitable company in accordanry the etlycal that are relevart to ow ¥iwJit of the fvllal slaternerrt5 tn the UK. Ind119 Ihe FRC'S Ethical standard, and have fu40 (Ajr other ethical respObIles in actRIanCe these reqwemenis. We telieve that the audit eviden * have obtained Is suffia•rd and apFvopnate to a basi5 lo1r0On. on¢bJSrt$ rtlaikngt¢ ¢•nurn In auditing the financial statements. have COnded tw ts lrtthes, ule ollhe goir¥J concem lJasi5 of accwntirvj in Ihe preParnt ofthe financial statements is appropriate. Based on the work YAe have performed. have Tr)t vJenbfd wrymaterwt uertainl0eS relating to everts or 0)ndItio Ihal, indivi¢JuJHy or colkctively, may east signthcanl doubt on Ihe charitable comparrfs abdty io ctythue as a grj con(m fora perirJ of at least MlvÈ m¢niFo from the financil Stam¢r are athhorised fot W. (lJrresponsibillie5 and Ihe Yespone$ ol InJ5tee5 Im1hFeC1 to gov¥ desqkned in the rB¥anl 5¢clions 01lhi5 report. i)ther ithl¢m•ii The other in10mliOn comprtse5 Ihe inlornalioTh inrJJded in report Dlthp tru5tee5. olherlhan the fitsarh> 51atements and our ouditvrf$ report Ihererffi. The ¢w51ee5 are respon$le fwthe YhEr Inf80Th conlained vththin Ihe report oflhe truslees. opinion on the financ4al slalemer doe$ nol cover the other Inforn)atson and. excw to the extenl otherw ewioty stated n our report, do not express any forn of aswrance condLL8ion Ihereon. Ow responsibilty Is lo read olher informalTron arxl. in rfc4ng 50. conshler%%helhErthe Otr infornalion is material inGonsisienl %%ilh Ihe finanGial $iatÈment5 or our krwwge obtained Ihe cowse aud or otheTh¥lse appears lo b¢ matsrialfy misslaled. Wwe ideniify such rnaierial inU)nsien(Ies or apparent maten81 mts*atem8nts, wured to Ibthelherthis gNes nse io a material missialÈmeni in the financial slaternents themselwes. 11. based Ihe ¥e have performed. corKkJde that there material mis5t¥lement of Ihi5 other infomalKin, are required lo repwt Ihal lad_ We have nolkng to reptyt irn Ihks tWJ¥¢. Opknlorbs on oth•rm•lt•ws by th• CoThpwl•s A¢tX In our opiThon, based on the undertaken in IhB cwrse of eiStenIth the finan StAtqmU'.
INDEPENDEWT AUDITOR7 REPORT TO THE MEMBERS OF DeROY L¥O¢E5AN BOARD OF UJLI¢ATION on whlth w• ar• v•qulr•dto r•pMty•xcWon mw•Mient5 In thedredtyJ' rqporL Respon$lbllhles of tnrBtees As mve in the bwslgfjs. strneni tsints¢e¢s ¥e tr¢WwsofthetharitatlEaimparyforthe wrp05e5 of ¥16 r¥Sib tort ¢Yepar8b¢n L¥th8 styi•iirt aTrJ rtd rwY48J thatty9w¥ •JfaiF WEW. ar>J l0r9jthlrl ag Ihe iru&tse$ ee85e cperabM$. n¥rt•k"Sbcthrtith 1¢4Y¢S0. eNor, lo I$>JeaadOr% rep(rtth•t wfL¥xnA)n. mteMenttten It5. Mis2Wementscan w5e1ry erferrry¥rfJwE CWOwEd rf. th8YttyJJrt9onlYbe ¢Xe¢t rnatenal mi58tatement$ reyd ryfvr•JuknO&S. ItK1ryfr• •xl 8s8eMwdth mwi4r(rrtln r•sF4cI ol iriewlarths, IndudiTrJ fraud W8K1 rfj9. was t". ¢0MF41armlA ar4t4t res. OYPEnerKe¢Alhis ¢h8riVs seLtr. TOL4jtknea1A making eNUe5 of managennt as to *there IW ¢Slee Ihue ¥As 5USWit4ty lo Iraud. iheir krge ofadu81, Skwded arhj alkged fraud.. and
IIXIEPENDENT AUDITORZ AEPORT70 Th1È IIEMBERS OF OERBYOIOCESAII 8OAIIO OF EOUCATIOII Audhoffs re5pMsI1Ie&tOT1hed[l olthe fvrwKW¥i•t•N{¢tyhWj•ol T0addre1he risk ol maryrTrt i¥is 8fAJ tyrtrride ol r¢0oinyihe mifvJt•s rl meebw Btrau8e inhwt Ilmrtaknsi48. is a risk blal41 Mideaal thdudity those toa ritalement in Ihe finanri al1$ Qr risk the ith a Lwty retyjabts) is rèmo¥ed frc¥h Irov8nts tranSactn5 renected in Ihe fv*DU81 a$%il iely to W¢11n$10ST1Xrth. 1$ 09ri rv3¥f4r¥J irr9gu¥$9 Th15dÈxripti¢n fcrnSp¥tolourthtOrfS rewL USB ol our rport This repts11¥ rn008 se4tothe memter 38 a rKfy. 3 rl Part 16 ofthe CmpatknesAci 20. Our audMDfK h38 n Undertak 50 thatv might 5tste to ie Earrt4eoynwys rTrEmbu3 tPose rnaitets ** are r•wir2d to Statstotrh in an aL&S8 8nO lor nts othÈr fflerntws as a kéy. foroLYaurfrtth. IthT fww¢IrElyfrnd. JifypManhAIIISEp27 2D220BIBGM7411 Jan• MArsh4H IS•nior Statutory Audttot) For and an behalf of BHP LLP 57.59 Sakwgatt ChÈ$ierfield C*rbyshire S4Q 1UL Date.. Sep 27. 2022 12
DERBY OTrOCESAM BOARD OF ucATIoN STATEIENT OF FIMANCIAL ACTMTES FOR THE YEAR ENDED 31ST DECEMBER 2021 Fn0 InMm• •d •ndtywm•thts Irom Donabons Chariiabl•a¢tyv¥ 17 347MO 365.283 a71.8 Inv¢¥lnwts 77 37,074 110.778 T4x41 In¢•m• •nd•ndowm•rt# JM$14 4nhoo 412.631 ExpendRw•on siw funts 20,7
),739 21,547 $1.923 332,419 4ee,079 61,92J 291,23S 3SJ,158 $07.$26 Nqt Inc(wn•M•xp•nthrni b•lw•l•v•sknvrt 93371 12$242 124.9951 Net1100>8•s) in¥esth•rfs 117AU 165.859 J60,852 51.218 Nqt In¢•m• 121531 Q.704 7,0gS 26.223 Gr0$5tr8ter¥ twn 17JO01 •t fflovefflfjmt Ihf¥hd$ 114732 218.wl 1$3.1$9 ReEoncillation ol luhd$'. Total lunds at 1 Januwy Imi,964 •16232 1,001166 2.930,139 Tot•lfunOs •i J1 prnber 1.166.698 1.034.736 1,242,025 3,443N57 2,956.362 J ¥thit*$ derwe from ¢MlirwMVJ athiks.
DÈRBY OIOCESAW BOARD OF EOLICATh)M IPICOME AND EXPENDilliRe AecovNT FOR THE YEAR FIIDED 31ST OECEM8ER 2021 2020 Toiil¥¢me Il¢as•x$7hTTh 482.631 Rwowtqs •xp•nd•d Ilas¥ 4ndcA¥mqrti IY)7.8261 OFéf8bf¥J $WFWI06fvAI lortho 128342 124,5951 Nel gnl(lO$sl ¢YiTh%slr 142.9881 expenthln1sdqthd •dpJths 14
DERBY DI1XEs 8OAftD OF EDU¢ATroii STATeMENTOF FINelAL posmoN IA compary by¥uTrnt¥•l REGISTEREO IIUM8ER 0046JI ASAT JIST DECEIIBER 2021 FbxedAss•ts Tan9ibfe assets Irwesknenls 12 ,852 13 J,178.712 3271.668 2,368.OW2 2.464.854 Debtors 14 Cgsh al b•nk tynd hand 15 SP9,)3J 1.053,931 cr•dIto.. anroJrl$ l•lng 16 {on.fjopi 114t Cuffent Assets 491.50 JW,457 2.956.30Z Th• Fd5 of lh• ¢hAr5ty". Urmtricted Fd$ lolvthith £370,447 (2020- £280.879)' hekl in a revaluatkin ere) l.If6,69S 1.051.964 Restrided FuThYs lo1% £634,635 12020- É81.2101 r6 In a revalualion resee) Endownent Fund5 {01thth£419.4W{2020-£265.$22) revu30n r•sqr¥•} 878.232 18 f 242,02$ 3.443.457 1.088.166 1956.362 Sb3nfd on bAh41Tdthe èoA Sep 26. 2022 Is
DERBY OIOCESAN BOARD OF EDUCATIOII STATEIENT OF CASH FLOWS ASAT 31ST OECEIIBER 2021 ¢•sh wthdod4vl th) by n•t•bthl C•sh Ilows In¥etlng Wvth¥'. 189.135 113S.$42) Dr¥hler>Ys. nleresi and rEnlS 110.778 Fixed asset addibor 11,9321 Investment addition5 1447M5n (14,5641 N•t ca6h pro¥ld•d byllumd In) In¥•%lin9 a¢tl¥lU 13317411 Chany In cash in the 1•pon4 p•rk)d 1144.605) 1412fjts1 Cash atthè b8glnlng ofth• p•ri•d Cash 8t1 ond of th• p•rfod 1.053.931 1.096.198 9193 I.OS3.936 Notetstoth• lkn: from o 2020 Net movement in fmys 417.0 16.223 Depre(48bon 3.2e6 IG•insl I on investfflerts 1360M21 Donaled assets th'TrAderl$, *erest TEnts 1114.117> {110.7761 Decrease I lincreaael in debtN5 va31 ie6.6481 Inuea8e Ildeueas¢l in ueditors 105.482 Nel cash prnmded I by operatThJ athb8s 189.13$ {136.$421 I l$of¢ha ètslnrtd As •t Ji&t DMb•1 2021 Asat 1st ¢ash Cash and ¢Mh wuival•nts'. Cash 1.OSJ.g31 1.0$3.938 1144.60$) 901333
DERBY DJOCESAN BOARD OF EDUCAIM>M NOTES TO THE FINANCIAL $TATEIAENTS FOR THE YEAR EIIDEO J1ST DECWER 2021 A¢¢ountln9 pollel•s 8a515 of prgparthi Tthaabrnp * a hfflitodtyw¥e rei•w•JaTrJ in En¥d & We& Te rnernbe ofthe c<¢npwyeth8 ireaty% sei•irttyipa9e 1. Inth¢ up. th•fratiltyii thI9rar4ee5 IwrlAdio£1 per member. DettyOA)(W meetstre¢finrfK#) a bwrfrt¢nbty FRS 1tr1 J th¥rittOS PBpanry in a¢x7y¢jarÈWthV• Fin)31 R4pytrwJ Sl¥ thl UK affdR•pJNK ofirfsnd 19Su•d in Ociober 2019. the Fina Repory 8rat4e in t Uthj •¥J Retyth ol (FRS 1Q•.th0sA(I20l1. th8 CornpgnwAAcl 2006 ld UK Gtneraltywted Auurthr4 Pr•K •1 years prÈsertsJ thrtsÈ Gtyng conc•vn mayust SVW1fitart drth on Iatlty0eOfyl0bnL CWKem. at4Iityk+¢th7 as a9cty C(rK. In the fIclaI slatements. T•hglbl• Ilx•dass•ts d•pr•tlatlon Tangibk fixed assels are stated ai ¢¢$1 less deprEriatii)n. Deprtuation ai rnt¢s c4¢xdo¢ed10 YilÈ ¢)ff Ihe cosl offixed a$sets ex¢bJdity free1ld laTra, o¥er their•smated Val as fths." Freeho propety F1$. ffttings and equym• lryrovements lo IaTrted proF4ty 2% stravJM kne 33.3% Str8m lkne 2% straight Freehdd land is not dePrjated. The de rIMI$ 1 wed for a5xI ¥¥a5 £500 fhJrir¥ the >w. 17
OERBY DVXESAN 8OARD OF EDV¢ATIOII IIOTES TO ThE FINANCIAL STATEMENTS FOR ThE YEAR ENDED J1ST DECEII8ER 1021 Inve•trnpnts fr valL ith rarw feCtyt¥ in iWes} CD irTheamts' 41 iré WA rfthe w•Jod (181rlV¢aThrfW90b0 School prop•rtl•s Debtor5 and ¢r•dltorn F•c•krf•bl•l twhhln on• y•r imP81mTrt are rwiseo Provlsk4M ¢h •t b•nkand kn h•nd Cash at in hand L¥8hfstsx.11m#pty irAStsmtsmha or198sfw th¢tht¢ofacquiGition or Optn oithÈdewsit¢xrNiar¢art Fund accountkng .F& bythe ¢hariiaileMmpe•ll Unrestrfcted fvhds. Thos8 8regew¥ fiswh ¢ar be us•¥ in charlabl2cwparrfs thierJNes althe (h5r¥eb)n tsflhÈ Iruses. lh• challa8 Mmpany kn PtruiarWSes. Endowmant lunds-These fund5 represeNI those assets hthj perrnarNty ty thè cornpany. Tra use ofthe hictyme art5ing on these fvnds 15 i•strd¢d #nd spetsft. gams ckses wirvJ oth the in¥esbneDts fom) ofthe fund. F6Xana1I0Th of the nalU purpose of the restrrled ld5 end(1$ ts irded in note 16 and rlts 17. Incorn r¢cognltlon ThvJ in¢¢yre Is delerr&Y lntheb4esheeI reiued ffti¥sh Is¥ w 14 Rental incorr* is recogTh8ed on an acuua15 ba¥s.
DERBY OIOCESAN BOARD OF EDIJCATIOM MOTES TO THE FINAMCIAL $TATEMENT$ FOR THE YEAR EPIDE0 J1ST DECEMBER 2021 exponditur• r•cognttlon Cerl8in expenthlure isdire¢ty attrilaNet0 5petifit thits has bh in these cosi caiwes. Certain other ¢osts are a11nt¢t0rnrye In 8(vtyare xross¢xcatew5 baj ai esbrnoteofthe wopNbon oflne spenlon these athties. IrreGo¥erableVLA0dJT (VAT) Ifbts SOFA ltyif•wtedoswtcrfotr4 •¥¥¢t•SbtyiwWi5edl •dd•531knJ derthE Employmont bgn•fits Op•ratlng l•ase8 ReduNlney paymonts RedundaTrGy benefils are p8yabfe then erylrfyY ts terrn betre Ihe I81 retwemenl de. ry WVer an ernoyee acr2pts voluntary redunlarKy in exchan9e for these benefils. The chonty recoynisPS tedlndancy benefft5 ¥fftn bt ts commilted to kminaiMI9 the erry)I¢)Yffnt olcutrènt empkbyees 8t£ordity io a detd IDrffl pDss olhdrawat. Flnanclal kn5trum•nts Tr ¢haityonly has Tinara¥ flTraKiiirfies ol a kThJthai¢TrAtya5 ba5iEfthHNia IThSI1ITh BMfinantial IrtrMents are Inthalty rncrtwJi>)$1 u?dNJm8 BfteLNe Interw me Judg•rn•nts and koy $ourt•s of oStlrnat6on unc•rtalnty There are rnjudgnents IW Iromttw t¢ hbeI in tr 't18$ihIl Thete ¥ro w kèy asSuMpK•rTrry thefre key OIeS1a1ts atthe repDibr•J date th31 a $¥rifKarl ol An we8 0tkeyestirnatyc un¢ethw. riskdwt0wn tarq urdertal(en. t5the vuabon of iDVè5tsbenl The Valuaware***¢i ioMWntsdaneAF¢rt skle cl repawofthe proFerbes, local knryAIEdge and hDu%ng mwketflua•frty. 19
DERBY DIOCESAN OOARD OF EDV¢ATION NOTES TO ThE FIMAMCIAL STATEMEIITS FOR THE YEAR ENDED 31ST DEceM8ER 2021 Donation¥ zi De81¢0•88ets Ch•ritablè xtyvi•s 21 DIE adrninvatr8iNItsg Olh?rinccrn 1.149 12.544 4,150 1,149 1l$44 4.150 347.440 1.023 4.000 19.400 347.430 371 853 l¥J 347.440 Ibwe8tm•ntlncom• ?o?I 1020 Rents rec•vable t ir*erest Qth¢r IrK 53.219 142 53.219 53.443 1,326 37.074 110778 Exp•ndfjtur• on talg fvndB 21 19.510 19,510 1.229 20.317 1,230 20 739 Ch•rhabtg A¢110$ DM¥etC4•ts 2410 Granls payab AdftNni$lralion cosis Eslab115hmeni eypensos Tra1r¥ and Tesowos 275 456,395 12,984 305.643 13.641 13.135 332419 305,643 13,641 352419 486 079
DeR8Y OIOCESAII OQAIID OF EOUCAmll NOTES TO THÉ FINANCIAL $TATÉMEKrs FOR ThE YEAR ENDED 31ST DeeEAIBER 2021 Admlnhtratlon eo81s 2•21 2020 SF(i8Usit¥mferwKs SUbStyn$ 173 475 1.115 173 475 1.115 158 858 3,427 13 1321 614 1,028 432 2,993 9,792 22,769 2,250 525 40.OCb) 280.SC6 1,990 16,162 Photcccy 113 swIKwy Tdephcrf H05Prtahty SundryewBrtes Alt I Legal and lee5 eonsultancy Bank cr4ryÈg ReimtNrsmÈMto OBF orrice SkNc05ts In ii) AFoeal OihertXWndrfure 106 1,007 65 1.233 8,520 29,024 87,176 473 1.007 1.233 8.520 29.024 31,203 55,973 473 135,9S3 135,963 4.500 1,696. Establishffl•nt èxp•fis•s 24Z1 4.021 927 8.026 667 4.021 927 8,026 667 1.590 1.252 8,106 Leaso hTh Of•quIert surarKe 71glnSng and Trsourc•s 2•21 2DI• E¥ert5 putdtty Rtstyms libry 13.135 13,135 16,408 10 AudllOrf$ rmwra1I0ft Fèe$ payatle 10 ts 3Jit¢{lofthe Mtht oflhe Tn$ anrwjal •¢¢thmi* 7.100
DERBY OMKE&AN 80ARD OF EDUCATION NOTES TO TIIE FINAPI¢IAL $TATEMEpirs FOA THEVEAR ENDED 31ST DECEIIBER X21 Staff Costs 21 2020 Wage5aid sarie Soual se¢urity 119.604 7.060 240,044 23.958 135,963 260.506 31 zo FulHime e4uiv¥ent IFTE} Durnbwderr¢knes" NLber of eMpe81j rrKqe th£60.0 w•rrrtwn'. £70.c•i ioe80.W Q.Cffj1 to).(•)) Is Trustees. Iravd expEnses ol£NI12020.. £14114? I¢r$e thJrirwJ Ihe yew IwfKJ trtee5{2020'. 1 InJ5teel. None of the truste85 have been pahl remunerabon in eItherar_ R•mun•ratlon of kny mana9eff•nl pw8onn•l Key management personnel are deend lo be those havirrfj authority aTrJ (esponsibty, delegaied to Ihem by Ihe Irusiees, for pL•nniry, direthng and controliThJ the actNibes of thB 8oarf ol EducatK•n. 2020 role ofActin9 D¥ector of E¢thxation was conwri%d by 1 employee. Remuneraliw, pelan conlritmrtions and nalimal inswance for Ihts ernOyee arnour lo £77,957. Dulry 2021. the rde of AGting Directsr o( Education was proded extematy. the costs ofTAthth amOtsd 10 £55,973. Ouring 2021. a $etlknent ag¥eemen¢ tot•lknwJ £23.277 (2020- £81.10Ww•s made in spE of teThnatr of dutie¥ of previou5 key management personnel. Yanglbl• fix•d a550ts 12 Tol Coat 15tJ¥nLWy %21 74.485 25,102 64.353 163.940 Al SI DqC•IMbW2021 74 163 940 Dtpr•ti&tKJh Al 1• JIIKry202l 19.363 23.345 667 24,380 1.229 67.088 1.896 Di5pDSdS Alalsi D•umbw2Q21 Net bDokv4u• At31110gc•mbw2021 31*0Kqlrth#f2D20 122 IrK&Jded freehold i•nd pvoperty is laTrJ bs nol deyetialedth • ¢1 01£55.122 12020.. £55,122).
DERBY OIOCESAN BOARD OF EDUCATION NOTES TO niE FINANCIAL STATEMENTS FOR THE YEAR EIIDED 31ST DECEII8ER 2021 13 FlJÉ•d a680t Inv•stm•r 2ty31 At 1siJ•nu•ry X21 1,813.438 1,792,220 4W.057 Re4iaed ga¥lS I{k&8•sI ilw•ali4od 9oin$l (Itss) At 3l&t (jecber 2021 91 18 591 712 1883 438 VOgtm•rfpmp•ni• Im¥W v41u•l At 1$1 J4nu4ry 2021 414564 s10.rxio 7.800 14,564 Disposa15 Reised 9aM l{ILuesl unalISed gaiDsI Ik6866) At 31Jt December 2021 484 564 3 176 712 2 368 W2 2D21 larket value of InveJtmert hdd wllh: CCLA Inve5trnenl man4nI Lld". CUF chlln Fu# CBF 1rn¥tsts1n1 ur•ts 51.530 45,415 2.417.242 1.729,590 121940 108 433 591 712 1 883 438 tori¢ ¢o•t of Ihv•bVrt sxwlO•¥ Ashlryd SGIKI HOUS• Ashftyd F¢rmwSchool Sl8rkh¢4rn 350.000 225.000 300,WO 160,Tr)0 24 564 22,364 14.564 The inve5trnent pr¢perty valuatpons have supplKd Comme101 (Ihe D8E Chartered Surveyor), as 31st December 2021. The Charitable company 100% of lh• issued wdinary share cawi of Dety (hotsan Education Service5 bmiled. a cornpany Incoryjorated in the United Km9dorn. panY was domantthr(whtrJi the year eThJed 31st December 2021 and r¢serves amounted lo £100. As Ihe company i% not IradirN. a has been made 4an5¢ the investmenl. Derby 0$#A Educaiion Ser¥Kes Liwdted has the same regi51ered address as DBÉ. 14 2ty20 Trade+Jebto Ctherdebtorts 18.724 20.312 311 75.922 20.453 14 804 111 179
OERBY DM)CESAM 80ARD OF EDUCATIO NOTes 70 TrIE FIMANCiIL STATEIIEIITS FOR THE YEAR EIIDED 31ST DECEIIBER 2011 15 Cash at bank and in h•nil Induded %ithin cash is £609.169 41 ts bn¢t sheeidale12020.. E450.6991 Bu4YwvJ5 Capt•l tylhe ¢harilable Comrry on beh4lof o nlmbvofsdthls. 16 Crodltors: arnounts lallng du•Tithkn >wr 1021 Trade rRoltc45 Otteredito Attmals Cre4dofs (fmd$ r&Yas st0t b1j and rr wqeds(n¢¢• 2B) Stw DFC prty8th 40.9S2 100.758 28.212 54.822 100,756 67,330 411,60J 197 $6S 779 091 275.859 %$1$ ofLYeitors for2020has been mNe fairty reled the natwe tdItorS. The lolal is aeted. 16 GE& 31at Restrtted Incrffi•fundl WeGW91th1 s* 217.410 5.253 24.805 247,460 N¢Si S.016 5.016 35.000 1.872 3.321 2.189 21,305 70.CQD 135.rxi)I Systwn L¢•a¢ 1.872 3,321 2.189 RÉ 14•1 277,440 (256.1351 An9ki SchrdHou 350.000 225,000 10.000 4.006 4.972 160.000 24.564 I.¢6 4.399 59,K¥J 117,2641 5,1t¥J 2.7NJ Speckgl PtQiBas 573 G•ltrAThip1lzI1 F¥nd Bwoms Chanty styeeiistJOhTr'6PthtyC4rt9) 5.523 576 14 11001 S,999 1.U2 23.Q93 1161 14.405 72.163 21.970 X133 816 232 291 3S 117 425 7800 10347 Endtywrn•Tht lunds Inveslmenl irKome on eTrJovrnl fvryjs is SPEnl M Ihe rEsknJwl shwi abo¥e. EyTrYilwe of£1W VA5 iwre¢l duriThJ the >tar 12020." £19.127).
DERBY DIOCESAII BOARD OF EOVCATION
NOTES TO THE FINAIICLAL STATEMENTS
Foft THEYEAR ENOED 31ST DECEMBER 2021
17
R•8irt¢i•d fvnds l¢ontln
At31
ppertY$
217.341
5,016
5.021
(16,162
11.210
217,410
5,016
NCSL
70.IYJO
IT0.0>
Str%hrn L¢•dMSIMp
1.872
3.321
2,189
1.872
3,321
2.119
RE Net
277.430
1277,4301
11481
YtyJm AhWD
340,(#)O
160,000
10.(hXI
3.750
4,101
5.095
1.355
6.047
70.028
140,(th1
300,000
160.000
24.564
4.006
4,399
S.S23
1,364
14.405
sthrkn
DER8Y DIO¢ESAI¢ BOARD OF EDUCATIOII IIOTES TO THE FINANCIAL STATEIAEIITS FOR THE YEAR ENDED 31ST DECEIABER 2021 17 R•strtct•d Funds l¢onWny•dl A5hlorrf School Hou¥• In 2020, le9 advice rtteived from Ihe OBE solKrtorswge51Ed be went to rec4as5ify S(1(1 Hwae a5 a reslrided fund. Clantyilh regarfs to fv 5th w¢xeds, sIKthI a 5 lake are, onty be aSCrt•rd afterthe salB ol ts property. A8hlord Fornr School In 2019. legal advice received Irom Ihe DBE soSthor $w5ted Ash Fonrw S¢tsxl shwbj bt capAali5ed as a55et belDnyry 10 the 08E. The currert Cendn ofthe pfcyrty does ¢1 the potenb.al fiJtLKe vabx. Land at StartholftT•8 In 2019, legal adwce ret¥ed from the 8oWor swgesled land ai stathlmes, vaw at £10.rK#) in cjfftnt eondilicfis, cOd polenlialty be sok1 for up lo £200.OCQ should deyeloprwl ¢)pptyluiies arise. The Board k8 Djryenty invesligalirg potents.al opportunrties available fordevelopmert Im Lgnd. Transfor tsen fvnd5 A transfer has been made frrrtn unre8Kled I15 to reslrhd relalry lo &althrneS and Ashford Formv Sth)c4 developmenl oddilion5 in the year. end)wm•nt Funds- P•rn4n•rt urrnly•4r Spe pMiiet Funts 17.765 12.405 20295 17.765 15,067 23,015 865 849.174 336 079 1242 02$ Gql PrftFL•J B>Y¢msCh¥ty Shind Pffjpety Sa 2,7 742.818 11.356 Swi4PrOi•rtsFuM$ 17.260 11.730 19,040 505 17.765 12A05 20,255 olcknth 675 Gel MeTr}ypes 1,255 694,982 275 100 1 018 977 47.836 18.918 742.818 294 018 1 088 166 The inccffje arksing from the 0[eThI fvrKls is a¢¢ou for m tre ofthe th&bre rranY and moy be used 8$ Idl0.. Sp•tial Pro¢ Furlds.. 5% tward8 reltyjious edwation 5% tVrS SuThJay sdm15 10% towar¢$ ywth D•rby8hli• As8o¢latlon of Church khool& The fi1nd9 of repaws. allerntrons or sd>x4s. are not elv•b for grants from DIE orlhe k)cal au0thty.
OERBY DIOCESAN BOARD OF EDIICATION NOTES TO TrIE FINAN¢IAL $TATUIEiirs FOR THE YEAR ÉNDED 3187 DECE118ER Yt21 Endowment lunds Icontlnwdl G•ll M•morfal Prizes Fyrtd The making ofawards pri2¢s fo cren wihwi Ihe respd ofrousethJcatsn propds. yfoms ¢hadty The furtherance olchnstian edutatrth) in parishes in Dty. Shtftand Prowrty Sa The capital and the inrne of may be 8pp&¢d to the fvndity ofwrthase of o sit for, akerathorts +y imwov¢m¢nts to, LY maintenance of. any rdevant or leacef$ house in the affea. Tlt ir of Ihe Irusl assets may be apphed In or Imrds Ihe provisim of alvtce. 9VanCe aThY resowces in cvffiethon vilh any maller r¥ted to managenI of. or education piovided al. any relevani school in the area. the pro¥i¥oN olservJL5 for r•rryu4 out #WL¢xts.' or to defr•y thè )Of emplw'w or enoaging siaff I tomethion Ihe above. Mill Stre•t Prop•rty Sal• The capitsl and Ihe income oflhe May be apF4d lo ofpLYtha8e ota site tr. atteTrlh?n5 or imFfovements to. or mainleriante of. any relevant sthod orteathÈfs h¢)u5e in thE ett. irome ofth2 tnJ5t assets may be apPld in or tOrdS the provi&on ol advice, guKlan¢ arnl resources in ¢onne(abtin ith any rnall 18 io the management ol, or educ4ts)n provided al, any evant s(ool In Ihe area", IhÈ ryo¥10n of semces c4rryry out irwecbons." or lo defray the cost oleMpboThj c¢ eaging staff in connection 1th Il #boye. 19 Unl•st¢t•d funds Currnit year t J151 DK•mb•r 2021 94.8B6 61.923 800 Prfor yew At31&t DKeThbr 20 20 un0rtI¢d fur 124 759 10 819 14 20 Summwy of nrtssgts by fund CuTh•ntyw Current¥e4r f¥nd• T*giW flx¢d asxts In¥ostrneDts CLThI as8tts Cwreni IKqrilib¢S Totsl net ts5e ,9S6 1.170.616 680,215 94,gS6 601,989 1.404.107 &176.712 432,747 {162.0821 950.880 1 166 £96 1 034 736 1 242 025 3 443 457 Prknry•4r Trds I¥DoS Totsl Tar41) fixed 4s8ei$ Invèstmmts urrenl a55ets Currenl Ikryknli TO1 net 96,852 633.1g 995.531 673 609 98.862 484.584 1.250.248 2,368,002 331.668 1162.0821 1,165.117 673 609 816 232
DeR8Y 0e$AN BOARD OF EOUCATTOII MOTes TO niE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31$T DECEMBER 2021 21 Op•rniing l••s• ¢ommoim•nts Al 31st De(mber 2021 ts tharit3blE wual wnnwbnents 0#Wrwt4e wrating lea8¢$ as folknws". 1021 2020 Ewirydal•.' 796 995 22 Contingènt Nabllltl•s By virfue of Ihe nature LaiitablÈ compws there mty b¢ poiertal in respedof past property trans8c1ioT in r¢laiifm lo the gaI have not ten compkled. ThBFe are M 8UL pOleth Sable5 lo Ibe mernbers oflNI 8o¥ril al this time. 23 Capital tommltm•nts A8 part olits gerra1 actmbes car1tse Lxmp8ry is coffffiblled to substartial ewrKlilwe Ihe constwclion. impTovemw)t and repair of chwch schools. Tse costs VAI hot¥er be ebgibk for reimknerrent ty wtue of grahts rvived orMntribthionts frnm the indi¥pJual school govniThJ and the BtrTd doe$ noi deem [e to bÈ Caal t&)1b)ien15 enlÈred INO ty the Board. 24 Pen81on sch•rn• The pension tharge repnts c¢>nlIil¥JW$paj by thariablB (•nyarytO P¥5ffjo1 Pe0 olempbyees durry Its year to Ihe value of£9.29912020". £16.5041. At Ihe pareThl, to $cheff £nil (2020. £Nil). 25 Rel&t¢d partytransa¢tio The Vr ofDerfoy Lkoce$8n BO8 ol Educ4lT¢ffi ts ItsJed partty Deth "OrJan 808rd ofFinarKt, p8Y the rnajority ofihe officers. salary c051s and make$ a 9ranl towards operatiThJ 51& ri the year an amwnl of £347,44012020." £347.4301 wa5 tEcei¥fjd from Ihe Derby DiDcesan B¢arl of FKwnce. Rt. Re¥eThJ knbby L w8$ 8 dwetiorol th c(xnpanies ring the y•¥. b•kn( 079 10 Ihe Oerty Diocesan Board ol Finance 1•8s £Nd al yearend 12020- £23.8611. During the year an amount of £53.86512020.. £72.9601 p4KI to Derby Dwsan Acaderny TtUSt. a charilalAe GDmpany. r¢laiing to Payments made for educatnal actiw1. Tse parts are HI lh2 chariiabbÈ ofDerby th.ocen Board of EducabDn. The Venefabte Carol Cosleit. a tntstee ol DDBE dThj Ihe)Ew. w¥ a th"re(tsr ofthe Derby C.0$an Ac•Jemy Trust dumg year. The balance was £17,500 al the year end 12020- £44,600}. 26 Controling party The tharitob tompanyis controlkd by Ihe BO8 olTnAtees. kn Ihe ofthe tlee$. Ihere is no oveRI cwlmth.ng party. Fundg hold as Gustothan on b•hall ofoths There are a numtrKr of School properties. are nol let•ed •$ assets hEbJ on bewof otrr5. as Ihe dÈsiinaiiM of sale k¥OteÈds is uncertain.
DER8Y DIOCESAN BOARD OF EDUCATIOII 140TE$ TO THE FWICIAL STATEIIE•ITS FOR TrIE YÉAR EIIDÉD 31ST DE¢EM8ER 2021 28 FuThls hold as 89•nt School DFC ProAKts The Board assisls V¢ntary Amled schooL8 ith Ihe admiiistratioft of frAirvJ S{ buJw¥ wojeds. The Board 8¢18 as agent on behalf of school govemiry bodies in recetwrvJ fimds from Il% Departrwi for Educats"on. I( wthortr5 and other fiJndiThJ re$ and settling onlradors, c051s and profeSs)nal fees. Thi5 acbwty of th2 Bo4r¢ is nol refécled Slaternent of Finanri Activities 05 Ihe tranSaCOn% are Ihos¢ ofthe 5(ool governir4 bDthe¥ ratrTlhaTh thÈ 8wd. MoveNffj •n the fvnds tythe Bo•rd •$ •genldwThvJ Ihe Jart •$ 1011ty4o." Balar•¢e •$ at 1 Janu#ry 2021 Total income during the year Totsl expendrture dunng the year èaknce x t 31 D•c•mbor 2021 174.840 119,307 Sclwol bulldlhg and ITpMjKts The 8oard assists V(Auntaryled thv adrThrx5tr1ion of for sd1 proJe4s PrOVi5H of IT equipmert. The Board a$ ageth on behalf of stho(A goverThNJ bods in wivry from Ihe Cyarkn)ent for Edwtion. loal aLrthorilies and other funding sources and setllry eorrtradors. cosls 8ThJ prole8si(thl lees. This acwty of IK Board is refieded in the Statement of Finanaal Acbvthes as ihe trarwctions are Ihose ofV S01 goNTwnirg IxJi88 rthr ihw ts Board. MoverrEnl on the nds hTfvJ by 8oard as agBnl the Starre asf(kns'. Balance &8 at 1 Jqnuary 2021 Total incorre durir#J Ihp year Total expenditure dunng the 8 balance as at 31 Decefflber 2021 275.859 280.489 PrIorYr Comparatw• Slat•m•nt ofFIn8la1 Athlll•s Totsl Intame and endowments Irom h3ntat4e xl%llie5 IDvestrnents Total Incomo and 0nd0ts 24.423 75 146 347,430 371,853 110778 482 631 383 062 RBi&n9 fuTrJs 11.022 113.737 124 759 10.525 372.342 382.867 21.547 486.079 507 626 Net (expendIre) linGom• btstrre Investment (25.190) 124.9951 14•t J•ln$l IIM•o$1 Iii¥¢ty 10,819 (28.79DI $9,189 51,218 Pl•1 lxp•ndtur•) IknEom• 114.3711 (28.5951 69,189 26,223 114,5641 M•1 mo¥•m•ntkn funds 128.9351 114.0311 69.189 26,223 R4¢oncllSatlon ol h$.. Tot41 fud¥ •t f#t J•tbv•ry >)20 Tot41 lundsat 31st D•G•mb•r2020 1.080,899 830.263 1.018.977 2,930,139 818 232 1 088 166 2 956 362