Newcastle Diocesan Education Board
Annual Report & Financial Statements
Year ended 31st December 2023
Company number- 00480293
Registered charity number- 528076
A large print version is available on request from
Mrs E Bell
Joint Education Team
Church House
St John's Terrace
Percy Main
North Shields
Or email: Eileen.bell@drmnewcanglican.org
IIN
11111
•￿￿)MIlA*
13109r2024
COMPANIES HC￿SE
A27
21

NEWCAsfLE DIOCESAN EDUCATION BOARD
TABLE OF CONTENTS
PAGE NUMBER
Vision Statement
Directors Annual Report
Administrative details
14
Independent Auditors Report
16
Statement of Financial ActNlties incorporating Income and Expenditure Account
20
Balance Sheet
21
Statement of Cash Flows
22
Notes to the Financial Statements
23

NEWCASTLE DIOCESAN EDUCATION BOARD
Vision Statement
The Diocese of Newcastle works together in education with the Durham Oiocese and 15 cornmitted to the flourishing
of all children 3nd young people and the part that education plays in achieving thi5.
We wish to offer the highest quality of education across the North East to ensure each and every child achieves
theiT full potential across Jll areas of the curriculum whilst having a livelyengagement wrth the Christran faith within
the setting of a Christian community, working closely with all of our schools. whether voluntary aided, voluntary
controlled or academies / trusts.
We wish to ensure clergy are fvlly equipped to serve their local schools, that the church appoints skilled governors
who are able to ensure the scht)ol does the very best ir can and that all staff'fknurish-and"develop to their full¥str
potential.

NEWCASTLE DIOCESAN EDUCATION BOARD
DIRECTORS ANNUAL REPORT
The direttors, who are also trustees under charity law. present their annual report. together with the audited
financial statements, for the year ended 31" December 2023.
This cornbined report satisfies the legal requirements for:
a Directors Report of a charit3ble company.
Trustees Annual Report under the Charities Act 2011
LEGAL OBJEcrs
Newc3Stle Diocesan Education Board INDEBI aims to prornote, facilitate and assist the work and purposes of the
Church of England in education across the Diocese of Newcastle and elsewhere. NDEB'S principal objects, set out in
the Diocesan Boards of E(Jvcation Measure, are..
The promotion of educatiornin the Di¢xese, ￿nsIStent with the tsith and practice of the Church of England.
The promotion of religious education and religious worship in lalll schools.
The promotion of Church xhools in the Diocese and proviS￿n of ao%tice to their Governors.
' The promotion of cO￿peratIon between the 8oard bodies concerned in any respect with education in
the Diocese.
The NDEB Articles were updated by special resolution of the Member5 in December 2021 (effective from 4 March
2022 following Charity Commission consent) to reflect the Diocesan Boards of Education Measure 2021 and
additional objects to those above set out in the new Articles are=_
To promote or 3sSlSt in the promotion of children and youth work in the Diocese that is consistent with the
faith and practice of the Church.
To promote co-operation between itself and other persons ¢on¢emed with children and youth work in the
Oiocese. and
To carry out the funrtions assigned to the Charity by the Measure.
As far as schools are concerned NDEB is mainly concerned with matters to do with Church of England schoo15, but
as part of the established Church. and its duty to promote education and co-operation between bodie5 invofved in
education it also seeks to contribute where it can to the development of all schools especially, but not only, in
matters of religious education and collertive worship.
The company was formed to provide support for the 49 Church of England schools across the Diocese.
The strategic priorities of the Company are established by NDEB in communication with Diocesan Synod. Deanery
Synod, and the Bishop of Newcastle. To this end, significant time and effort is committed to communication between
nd with these bodies. as well as the National Church of England Education Offi￿.
NDEB'S strategy for achieving its objectNes is to develop financial structures to enable it to provide enough staff
and resources to support the Church of England schools in the Diocese. To assist with this NDEB offers a Partnering
Agreement IPA) to Church of England schools in the Diocese.

NEWCASTLE DIOCESAN EDUCATION BOARD
The directors are aware of the Charity Commission's guidance on public benefit in The Advt7ncement of Relwionfor
the Public 8enefit and have had regard to it in their administration of NDEB. The directors believe that, by
promoting the work of the Church of England in the Diocese of Newcastle, NDEB helps to promote the whole
mission of the Church (pastoral, evangelistic. social and ecumenicall more effertNely. both in the Diocese as a whole
and in its individual parishes and schools. and that Kn doing so it provides a benefrt to the public bv..
Providing facilities for public WQfship. pastoral care and spiritual. moral and intellectual development, both
for its members and for anyone who wishes to benefrt from what the Church offers; and
Promoting Christian values, and service by members of the Church in and to their communities, to the
benefit of individuals and society as a whole- and
Providing a servrce to the whole community. not just the Christian constituency. All children are welcome
in the Church of England schools in the diocese. including children of all faiths and none- and
Providing schools that a￿ places of education. not proselytism. offering opportunities for young people to
make the most of their inherent potential, and so make a contribution to the society of which they are a
part. Comparisons with national Ofsted ratings show that in aggregate the C of E schools in Newcastle
Diocese are performing well above national averages.
ACTIVITIES AND ACHIEVEMENTS IN THE YEAR
Nation"al e"du¢ation landscape and Implications
Although schools have continued to be encouraged to Consider the Education WhTte Paper~Opportunity for All",
the pace of change has been perhaps slower than envisaged. Schoo15 are still dealing Wlth the challenges Cjf the
pandemic with some alarming statistics regarding the widening gap in achievement for those from disadvantaged
areas compared to non4isadvanta8ed, the rise bn SEND need and the poverty gap. This. along with a recruitment
and retention crisis, means that schools are focusing on the day-to-day challenges. The Joint EducatTron Team IIETI
continue to support schools daily through a variety of ways: Christian Distinttiveness, RE, Church school leadership
support and working a5 Challenge and Support partner5. Some of that support 15 Qffered fa￿-tO-face, whereas
much of the CPO has remained online, enablin8 more staff to access the training and reducing the costs of travel
and time. Numbers remain strong for diocesan training events and feedback has been overwhelminEIy posltive.
Our Diocesan Academy Strategy Paper has been reviewed and updated with schools encouraged to contact the
diocesan team directly if they have chosen to explore the a¢ademis3tion route. Links with our trusts remain strong
and schools are encouraged to consider all trusts within their dio¢Èse if considering this seriously. The Dirertor
meets termly with both the Regional Director and the Diocesan HMI Otsted Link, as well as with the 3 local
authorities that serve Newcastle Diocese. The number of church School academies Wlthin Nev•castle Diocese
continues to rise slowly but this has increased to 15 since last year. Additionally. some schools are also exploring
soft federation partnership with neighbouring schools in or(Jer to provide value for money with procurement and
to tackle some of the thallenges in recruitment. The schools in 8erwick affected by the move to a two-tier system
are also working closely with the Diocesan JET team to ensure that the curriculum ond the buildin85 are fit for
purpose.
The p051tion of the Board this year has remained that changes to school structures must be looked at on 3 case by
case basis in line with government policy where relevant but most importantly in the interests of the children and
families that we setve. We continue to work in partnership with our Mixed and Church Multi Academy Trusts
(MATS) to support our church schools looking at Trust options. In addition, we a￿ also working closety with our
Voluntary Aided Schools to ensure that building5 are fit for purpose and with the ￿levant locèl authority
representatives of our Voluntary Controlled Schools.

NEWCASTLE DIOCESAN EDUCATION BOARD
Our concerns remain regarding the levels of funding maintaining our schools. With the rising costs of utilities and
uncertainty over future funding every school is now facing significant funding issues and this is lèading to further
exploration of shared services across our schools and Trusts.
Operations and Staffi
Staffing remains stable despite some significant staffing changes over the past twelve months with the Director of
EducationlDDEI leaving in August to take up a full-time role as the CEO of the Durham and Newcastle Diocesan
Trust. An Interim Director of Education shadowed the DDE over the 5urnmer term and took up post in September.
This post will be athertised in the forthcoming year following on from a strategic analysis of the work of the Joint
Education Team and the educational landscape moving forwards. The role remains pivotal and ensures that both
dioceses are continuing to meet their statutory duties according to The Measure.
We now have a full-time RE Adviser and this post conintues to be 5UPPOrted by the St Hild and St Bede Trust in
order to further enhance RE provision in all of our 106 schools across both dioceses, as well as support the teaching
of RE through the RE Network. We also continue to support RE across all schools in the region by supporting
Standing Advisory Council on Religious Education ISACREI acros5 the 10 LAS. A review of the RE curriculum has been
conducted ready for the launch in 2024.
The administrative and.finance team have been strengthened lollowing-a period last year.where it was proving
difficult to appoint. A temporary administrative assistant and a new part-time permanent finance a5SlStant were
employed in October which has enabled us to streamline our administrative processes. particularly uploading all
paper documents into an electronic format. In addition, the temk)orary role of 0.2 JET team assistant has been
pivotal is enablin8 the launch of the new Joint Education Team website and streamlining events, management. The
JET Handbook has also been revised.
100% of schools across both Newcastle and Durham Dioceses have bought into the Partnering Agreement and
attendance to the diocesan CPD programme is strong.
Challenges and Achievements
Our schools across both dioceses continue to flourish. Inspertion outcomes remain stron8 with ICQ% of the 8
schools Insperted for SIAMS achieving at least Good Irf before Sepiember 231 or-living up to tts foundation as
church school- since then. 8espoke support has been provided for any schools who are the list for ~those most
likely to be inspected" with tailored feedback.and additional staff CPD according to need. SIAMS reports confirm
this as can be seen in the following comments from schools across Newcastle Diocese-
"RE is well-led, providing pupils with o curriculum which is both bolonced ond well-sequenced. Informed
monitoring by leoders, including governors. ensures RE is relevortt. well-resourced ond effective. Leoders
curefully trock progre55 and occe55 training through the valued rel(7tionship with the Diocese of Newcostle
education teom. This. combined with highly effective teaching. ensure5 that pupi15, including those who
have SEND or ore disudvontoged. moke good progress. Pupils disploy a highly developed religious literacy
including strong knowledge of o ronge of worldviews andfoiths. including Christianity. They under5tond
thot Christionity is 0 9lobolAoith." (SIAMS Holy Trinity Firstschool Oct2023J
In addition, of the 14 schools inspected by Ofsted. 13 were judged as Good or Outstanding. This is extremely
impressive given the new Ofsted Framework. Comments show how the Christian Distinctiveness is rooted in the
school's ethos, for example:

NEWCASTLE DIOCESAN EDUCATION BOARD
"Pupils enjoy their time ot this inclusive school. The ChTlStion ethos of 'let your light shine, reolly does
permeote Gllospects ofschoollife... Leoders wont the bestforollpupils. They5et hi9h expectotionsforpupils
to be successful in their ochievements. Pupils know this and respond well to such expectotions. Pupils,
behaviour is good.- IRichord Coutes CE Primory Schooljuty 2023J
Overall. the reputation of the Joint EdLtcation Team remains strong across both dioceses due to the knowledge and
5UPPOrt of the individual team members.
With all schools bLtying in to the Partnering Ag￿eMent. our diocesan family of schools continues to flourish. The
team continue to offer termly updates to Chairs and Ex-officios on legal and governance matters,. these 3re always
well attended and feedback has been extremely positNe. This is mirrored in the CPD Pfogramme that is varied and
offered to all schools. supporting schools with Christian DistiActivenÈss. SIAMS. RE, school effertiveness and subject
knowle¢Jge to name only a few. In addition, the JET conferences are well attended and offer staff not only the
chance to engage in bespoke trainin& but also to network with one another.
The Diocesan Strategy is now firmly embedded and Schools are supported in their academisation process, whether
this is in the initial srages, during consultation or when joining a multi-academy trust. In 2023, 9 church Schools
joined one of the ? MATS lisied in our diocesan strategy. The CEOS of the varying trusts meet or communicate
regulady with the Director and the Assistant Director for Legal and Governance. The challenges regarding Tiny and
Rural Schoo15 remains a challenge, as are the recruitment and fin3ncial pressures that many of our schools face.
However, all of our schools and trusts are very forward-facing and work together to ensure that the needs of our
pupils and COlTimunity are priorit15ed so that all flourTrsh.
Challenge and Support work continues across both dioceses and still forms a significant part of our workstream for
the standar(Js and effeetiveness streams. The challenge is in recruiting consultants. However. we have been
fortunate to be able to work closely with our existing consultants, as well as additional ¢onsLbltancy support for
Early Years and also the new SIAMS inspection framework.
The JET LLP. a joint venture vehicle between the two dioceses was successfully set up and became operational in
September 2023 to enable thejoint Education Team to operate asa legal entity in its own right reflecting itsexistinB
reputation as a strong provider of support for schools across both Oioceses.
The Operations and Co-ordination Group have reviewed their Temis of Referen¢e and also the Scheme of
Delegation. Over the next year, the group will be focusing on developing a 3-year financial plan in order to ensure
that any financial risks to the new organisation are minirnised.
Working wlth ¢ommunities
We continue to focus on working with communities and look to develop links and partnerships to assist our school5.
Examples of this work include the following=
The Director meets regular￿ with the Children's Ministry teams from both dioceses. Following on from
a stratègic meeting. the group have set an action plan regarding a joint approach to the Leavers, Service
in 2024 focusing on pupil voice. This will be incorwrated into the Y4tY6 Leavers. Services in 2024 with
Secondary pupi15 5UPPQrting the prayer space stations.
The team are working with both diocese5 on their route to becoming carbon neutral. We have
employed an administrative assistant to support the work of both dioceses for one day per week. A5
Pan of this process. we are building up a dossier of each school's carbon footprint and are considering
this in our procurement strategy for each diocese.
The Oirertor continues to meet with representatives from all io local authorities. as well as with the
Regional Director and the diocesart HMI link with Otsted. This ensures that the voices of the dioceses
are heard and that the dioceses are part of any strategic planning, suth as the Northumberland
constjltation to a two-tier system.

NEWCASTLE DIOCESAN EDUCATION BOARD
Nationally, the team work c105ely with the CE Foundation to support ￿adership and rnanagement across all phases
of church school education.
The board have considered the workload and well-being of the team.
The Director has represented the diocese with ESFA to look for funding for rural schools in the summer
term.
The board have supported the merger of Three Rivers and Tyne Community Learning Trust to become
Cheviot Learning Trust.
The board have enga8ed enernal building surveyors to audit all of the voluntary aided schools across the
diocese
We continue to work with schools and trustees of endowment funds linked to schools in relation to land
and charity law issues
We continue to work with schools who are now within our MATS. or wish to join MATS
community schools.
We work with school cluster group5 to support networking and discussion between Church Head Teachers.
We have now delivered Understanding Christianity to all church schools and several community schools.
Our team have worked in several community schools to supp)rt standards and achievements.
We are regularfy asked by schools to broker services for them which are fit for purpose and cost effective.
We are working in several locations with regards to 'shared leadership. which involves bling communities
closer together.
-we are seen as a partnerto our_3 Lo¢al Authorities in the Newcastle. North Tyneside and￿orthUMberland
area.
includin8
Other related parties incltKle
Transactions within the main categories of related parties are identified in approprtrate places throughout the
financial statements. Where materiality of the transactions merits more detailed disclosure this is given in note 18
to the financial statements. Other related parties include=
The Joint Education Team LLP. The NDEB is a partneT alongside the Durham Diocesan Board of Finance and
jointly employs the JET staff team.
The Newcastle Diocesan Board of Finance INDBFI works closely with NDEB and the two charities are
tompanies within the Newcastle Diocesan framework. They share the sarne re8lStered office and some
directors serve on both boards.
The Durham Diocesan Board of Finance IDDBFI is a neighbour to the 50Uth of Newcastle. NDEB and the
DDBF have continued to work closely together and they now jointly employ 9 members of staff with JET
LLP. A common pool of SIAMS inspectors has been established and joint training for them continues as
(Joes in-service training Ilnsetl on religious education and school worship for staff and training for clergy on
ways to work with schools.
The Church of England Pensions Board. to which NDEB pays retirement benefit contributions for
employees.
FUTURE PLANS
From I" January 2024 the work of the Joint Education Team IJETI will be accounted for and reported through the
JET LLP, although supported by Newcastle Diocesan Education Board INDE81 and Durham Diocesan Board of
Finance IDDBFI.
Work of the Jet LLP will include focusing on the move to a two-tier system in the Berwick partnership area in
Northumberland. The cOnsu￿ation 15 now over and the focus will be on the architectural challenges to ensure that
all of the First Schools are ready to welcome in an additional class in September 2025 and another the following

NEWCASTLE DIOCESAN EDUCATION BOARD
year as they become primary schools. There will also be a need to support the schools With the development of the
YS and Y6 curriculum.
as well as through the recruitment process. The Director. Bursar and Asststant Director for Legal and Govemance
continue to be heavily involved in the process in order to support the schools concerned and will keep the board
apprised.
Work will continue to be done to SUPPOrt schoo15 and in particular Head Teachefs. wellbeing in the current
challenging period for the sector as they face increased parental complaints. significant financial challenEes as a
result of falling pupil numbers and increased costs for staff pay rises. a rise in SEN and behavioural issues and limited
alternative and special provision.
Further work will continue to support schools on the 2023 -24 and the 2024-25 SIAMS~likely to be inspected" list.
Plans a￿ in place for the upskilling of ihe team with another team member r¥)w training to be a SIAMS inspector
and support in place for Headteachers and Chairs of Governors. In addition, the new RE syllabus will be launched
in the Spring Term for implementation in September 2025 or soonèr if schools are able to do so.
One significant challenge is falling Tolls. particular￿ across Northumberland and the impact this could have on our
Tiny and Rural schools in particular.
Finally, the challenges irt recruitment, including govemance. remains. The board will need to consider how best to
support schools where there are vacancies in parishes and where schools have Foundation Governor vacancies.
-W.ithin this..there will also be a need to support tr.usts.through CPO, both CE andmixed MATS, as they grow in order
. to protect the distinctiveness of our church schools within the wider landscape and to ensure that they keep their
church identity.
FINANCIAL REVIEW
Flnancial Performance
Overall income has decreased by £225,424 to £323.221 compared to 2022.
Unrestritted income decreased by £187,748 mainly due to the sale of Hedley Bank. less income received from
Durham and Newcastle Diocesan Learning Trust to cover tost of seconded stsff, a reduttion in School Improvement
income and Conference fees.
The current level of unrestricted funds. free and readily realisable. amounts to £82,352 12022.. £295,0011 and
represent investments of £200,00012022.. £2￿.oCK)I plus cash and current assets of- £117.64812022-. £95.001 as
detailed in note 17 to the financial statements. Trustees are aware a transfer ot funds from resetves will be
necessary in orderto meet all of its financial obligation5 during the coming yearwhich includes supporting the work
of the joint Education Team LLP.
There wa5 a unrestricted deficit for the year of £212,249 against a budgeted deficit of £121,520. The budget covers
only the Unrestricted Fund, the Section Fund and the compari50n to budget is made without the inclusion of year-
end gains on investments. Ovefall NDEB has met all of its financial obligations to continue resourcing educational
needs across the Diocesan schools.
Investment performance
Investments are held in general. section and special purposes funds. The totsl value of investments, ex¢ludin8
short-term cash deposits. at 31" December 2023 was £2.243.38112022.. £2,330.9221- lftvestments decreased bv
£87.541 overall which includes £2Crf) additions in listed investments. net disposals of £262.464 and revaluations of
£174,723
Balance sheet position
Funds per the balance sheet show an ¢)verall reduction of £25K. This is the combined impact of a gain on
investments le55 overall net expenditure in the year.

NEWCASTLE DIOCESAN EDUCATION BOARD
Reserves Poll¢v
Free rese￿e5
The Board needs to keep a certain level of reserves as protection against unexpected fluctuations in income, to
assist at certain times of the year with cash flow, and to allow the Board to operate to fulfil its charitable objects.
NDEB also aims to hold sufficient funds to cover six months operating ¢osts. It is therefore the Board's policy to
hold a total of at least £IOO,O(K) in reserves to satisfy this requirement. At December 2023 the unrestricted reserves
were slightly lower than the minimum level required by this policy1£82.3521 due to the setting up of the JET LLP
being established and initial setup funds being transferred.
Restricted reserves
As set out in note 17 NDEB holds and administers a large number of restricted funds. As at 31" December 2023
restflcted funds totalled £2.425,11712022= E2.237.8121. These funds are not available for the general purposes
of the NDE8 although income tan be expended on provison of advice and guidance. SIAMS inspections and staff
costs.
Investment policy
The Memorandum and Articles of Association of the charity pemit wide powers of investment. The investment
policy of NDEB is based on the overall investment objective of achieving a balanced return with moderate risk,
preserving the capital and income of NDEB in real terms over the medium term. A review of NDEB'S investments
was Completed in 2018 and a decision was taken to move investment funds to CCLA in line with Church of England
ethical investment principles in 2019.
PRINCIPAL RISKS AND UNCERTAI￿lEs
The directors confirm that the major risks to whKh NDEB is exposed. as identif￿d have been reviewed and systems
and procedures have been established to rnanage those risks. In summary maior risks include:_
the need to respond to changing government polity on education and ensure there 15 appropriate staff
capacity and resource within the team to do this effectively.
the risk of reputational damage arising from working atr05s a geographKal area including many small rural
schools. partnership wide structural changes and possible school closures.
ensuring appropriate communications and PR support when urgent issues arise.
financial risks arising from financial constraints to fund the team's work and school funding.
The dirertors, delegate to the Finance and Property Committee the tssk of ensuring that risks are reviewed and
managed as part of the risk management strategy, and that procedures and controls are designed to minimise any
potential impact on NDEB should any of the risks materialise. A risk register has been compiled and contains further
detail on possible levels of risk and system5 in place for managing the risk.
The Finance and Property Committee reviews the risk register periodically and reports to directors whether it is
Satisfied with its findings and makes recommendations for further work in subsequent years. The directors review
the risk register at least annually as part of the corporate risk management strategy. This may move to a more
regular event due to the impact of COVID 19. although the reserves positron provides a buffer from immediate
concern.
STRUCTURE AND GOVERNANCE
Summary information about the structwe of the Newcastle Diocesan Education Board
NDEB has to comply with Measures passed by the General Synod of the Church of Englantl and is required to give
heed to recommendations andlor advice from the Archbishops, Council Board of Education and the National
Society. NDEB must also help Church of England schools in the Diocese to comply with education law and guidance
io

NEWCASTLE DIOCESAN EDUCATIOP4 BOARD
from the DfE. NDE8 seeksto influence and support. but has no direct control. overthe 49 Church of England schools
in the Diocese. Sthools are led an(1 managed by their governing bodies. head teachers and senior staff. The
accounts of Church of England schools do not form part of these financial statements. Within the Board, several
directors are Head Teachers or former Head Teachers and several are governors lor academy trust directorsl in
Church of England schools in the Diocese. Head teachers and governors are encouraged to make their views known
to NDEB and its staff in a varietyof ways including evaluation of conference5 and courses, during staff and directors,
school visits, telephone and email contact.
Organisational structure
The company was incorporated on 30 March 1950 and re-constituted in its present structure on 20, October 2003
as a charitable company limited by membership guarantees (No. CIM802931. registered in England and its governing
documents are the Memorandum and Arricles of Association. NDE8 is registered with the Charity Commission (No.
5280761. Whilst this falls outside of the reporting year. the NDE8 Articles were updated by special resolution of the
Members in December 2021 (effective from 4 March 2022 following Charity Commission consent) to reflect the
Dio¢esan Boards of Education Measure 2021 and the board was re-constituted under the new Measure on I"
January 2022.
The Board is a Statutory body under the Drocesan Boards of Education Measure 2021 and is the sole trustee of the
Uniform Statutory Trusts (also known a5 Section Funds). which are now governed by section 554 of the E(lucation
.Act 1996. The.funds held in trust.are derived from ancient educational endowments and.the'proceeds of property".
sales authorised by the Department for Education IOfEI under section 86 of the Education Act 1944 and section 2
of the Education Act 1973.
Decision making structure
The Oiocesan Oirector of Education is the Company Secretary of the NDEB. NDE8. under the new Articles. has a
quorum of a third of directors lsubject to a minimum of foLsrl and meets at least three times each year. with an
additional meeting held if required. The previou5 quorum which appl￿ during the reporting year was eight.
The Board may establish committees to assist in the discharging of its functions. with membership of any such
committee extended to include persons who are not members of the Board. There is currently a Finance and
Property Committee in place which has written temis of reference=
Finance ond Pro
matters.
Committee deals with matters of finance and legal compliance. policies and property related
Director recruitmenL selection and indurtion
Eath direcror is inducted into the strurture and work of NDEB. the Boards of Education Measure, the Memorandum
and Articles of Association, the committees and their terms of reference, and members. legal obligations under
charity and company law. Directors are encouraged to undertake personal development that will facilitate the
execution of their role.
Rernuneralion of key management personnel
Emoluments of higher paid employees are determined by Operational and Co-ordination Group (made up of
members of both the NDEB and Durham Diocesan Board of Education) with reference to appraisals. remuneration
and salary benchm3iking.
Delegation ol day to day delt¥ery
Since the advent of Joint Working between the Education Boards of the Dioceses of Newcastle INDEBI and Durham
IDDBFI in September 2010, the Diocesan Direttor of Education is appointed jointly by the two Dioceses to manage
the day to day operationsof their Education Boards. The Director and staff are employedjointly by NOE6 and DOBF.
li

NEWCASTLE DIOCESAN EDUCATION BOARD
The Director has dele8ated authority for operational matters ifKluding finance. employment and other activities
pursuant to the objectives of ODBF and NDEB.
Funds held a5 CUSt¢dian trustee
The Board acts as Custodian trustee responsible fortrust funds held for specific purposes and monies held on behalf
of others. The funds held by NDE8 as custodian trustees comprise investments amounting to £231.099 as at 31
December 202312022.. £209.4941 and these are held on behalf of a number of small organisations whose objects
are to promote religious educational activity among Sunday schools and other similar establishments, all of which
falls within the object5 of the Board. The funds are held in separate bank deposit accounts and identifiable
investment funds. In accordance with the requirements of the Statement of Recommended Practice these funds
are not shown in the charity's balance sheet.
Furbds held on behalf of sthools
NDEB receives contribLrtions from governors of church schools within the Diocese in connection with major repairs
and capital projects to church schools and also g¢)vernment grants in connection with the same. School funds held
by NOE8 total £674,26S as at 31° December 202312022= £1,195,8181
NDE8 administers these monies as managing agents and makes appropriate payments to contrartors for work
carried out. Monies do not belong to the Board of Education and as such the receipts and payments are not
treated as income and expenditure in the Ststement of Financial Activities.
DIREcfoRS RESPONSIBILITIES
The directors are responsible for preparing the Oirectors, and Trustees, Report and the financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice).
Company law requires the dirertors to prepare financial statements for each finaneial year. Under company law the
trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of
the state of affairs of the chèritable company and of the incoming resources and application of resources. including
the income and expenditure. of the charitable company for that period. In preparing these financial statements,
the trustees are required to:
Select suitable accounting p)li¢ies and apply them consistently..
Observe the methods and principle5 in the Charities SORP 2019 IFRS 1021;
Make judgements and estimates that are reasonable and prudent-
State whether applicable UK Accounting 5tsndards hove been followed. subject to any material
departures disc105ed and explained in the financial statements:
Prepare the financial statements on the 80ing concern basis unless it is inappropriate to presume that the
charitable company will continue in operation.
The directors are responsible for keeping proper accounting records that disclose with reasonable accuracy at any
time the financial position of the charitable company and enable them to ensure that the financial statements
comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the tharitable
company and hence for taking reasonable steps for the preVent￿n and detection of fraud and other irregularities.
12

NEWCASTLE DIOCESAN EDUCATION BOARD
The direttors are responsible for the maintenart¢e and integrity of the charitable companyand financial information
included on the charitable company's website. Legislation in the United Kingdon governing the preparation and
dissemination of financial statements may differ from legislation in other jurisdictions.
STATEMENT OF DISCLOSURE TO THE AUDITORS
So far as the directors ¥re aware-
al there is no relevant audit infonnation of which the charitable cornpanvs auditor is unaware. and
bl the directors have taken all Steps that they ought to have taken to make themsefves aware of any relevant
audit information and to establish that the auditor is aware of that information.
APPOINTMENT OF AUDITORS
The auditor is deemed to be reappointed under section 487121 of the companies Art 2006 until otherwise resolved
at a General Meetin8 of the company.
13

NEWCASTLE DIOCESAN EDUCATION BOARD
ADMINISTrATIVE DETAIL5
Ex Officio
The Acting 8ishop of Newcastle- 8ishop Helen-Ann Hartley (appointed 21" March 20231
The Actin8 Bishop of Newcastle- The Right Reverend Mark Wroe (resigned 28 February 20231
Directors
Rerfd Dr Gill Alexander (Chairl
Right Rerfd Lee Batson (Vice Chair appointed 21" November 20231
Reverend G R Currv"
Reverend P H Pearson
Reverend Dennis Handley Ivice Chairl (resigned 28 June 20231
Reverend J McGowan
Reverend Rachel Scheffer Iresigned 31" July 20231
Reverend D R Cleugh
Mr R Restall
Professor Gary Holmes
Professor Lesley Twomev
Mrs D Robertson (reverted to maiden nèmel
•Elected by Diocesan Synod
Secretary
Mr P Rickeard
Senioi Officefs
Director of Education- Mr P Rickeard (resigned 31st August 20231
Interim Director Education- Mr5 Gillian Booth (appointed 1° September 20231
Assistant Director of Education- Mrs L Atkin
Assistant Dirertor of Education- Ms A Vernon
Assistant Director of Education- Mrsj Warner
Bursar- Mrs E Bell
Re8isteTed off*e:
Church House. St John's Terrace. Percy Main, North Shields NE29 6HS
Bankers:
Barclays Bank PLC Wingrove. 446 Westgate Road. Newcastle upon Tyne NE4 98N
Auditors:
UNW LLP. Citygate. St James, Boulevard. Newcastle upon Tyne NEI 4JE
SolicstOfS:
Muckle LLP. Time Central, Gallowgate. Newcastle upon Tyne NEI 48F
Investment Advisors- CCLA. Senator House. 85 Queen Victoria Street. London EC4V 4ET
Company re8i5tration number
(KJ480293
Reglstefed tharfty number
528076
14

NEWCASTLE DIOCESAN EDUCATION BOARD
By Order of the Board
MrsG Booth
Company Secretary
Director
26 June 2024
d Lee 8•ts00
Director
Chair of Flnar*e and Propertycomminee
26 JunÈ 2024
15

NEWCASTLE DIOCESAN EDUCATION BOARD
Independent Auditorfs Report to the mefflljers of Newcastle Diocesan Education 8oard
We have audited the financial statements of Newcastle D￿ceSan Education Board (the 'charitable company'l for
the year ended 31" December 2023 which comprise the statement of financial activitie5. the balance sheet,
statement of cashflows and ihe related note5, including Significant a¢¢ounting policies. The financial reporting
framework that has been applied in their preparatiorb is applicable law and United Kingdom Accounting Standards,
including Financial Reporting Standard 102 The Finonciol Reporting Stondord opplicoble in the UK and Republic of
Irelund, (United Kingdom GeneroltyAcceptedAccountin9 Prarticej.
In our opinion the financial statements:
give a true and fair view of the state of the tharitable company's affèirs as at 31" December 2023 and of
its incoming resources and application of resources. including its income and expenditure for the year
then ended..
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice,. and
have been prepared in acwrdance with the requirements of the Companies Act 2(X)6 and the Charities
Act 2011.
8asi5 of opinion
We conducted our audit in accordance with International Standards on Auditing IUKI I'ISA5 IUKI'I and applicable
law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit
of the financial statements section of our report. We are independent of the charitable company in accordance
with the ethical requirements that are relevant to our audit of the financial st•tements in the UK, including the
FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in 3c¢ordan¢e with these
requirements. We believe that the audit evidence we have obtained 15 sufficient and appropriate to provide a basis
for our opinion.
Conclusions relating to Boing concern
In auditing the financial statements, we have concluded ihat the trustees. use of the going concern basis of
accounting in the preparation of the financial statements 15 appropriate.
8ased on the work we have performed. we have not identified any material uncertainties relating to events or
conditions that, individually or collettively. may cast significant doubt on the entity's ability to continue as a going
oncern for a period of at least twelve months from when the finan¢i•l statements are authorised for issue.
Our responsibilities and the responsibilities of the trustee5 With respect to going toncern are described in the
relevant sertions of this report.
Other information
The other information comprises the information included in the trustees annual report, other than the financial
statements and our ayditorfs report thereon. The twstees are responsible for the other information contained
within the annual report. Our opinion on the financial statements does not cover the information and, except to
the extent otherwise explicitly stated in our report, we do not express any fomi of assurance conclusion thereon.
Our responsibility is to read the other information and. in doing 50. consider whether the other information is
materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears
to be materially misstated. If we identify such material inconsistencies or apparent material misstatements. we are
required to determine whether this give5 rise to a material misstatement in the financial statements themselves.
If, based on the work we have performed, we conclude that there is a material misstatement of thi5 Other
information, we are required to report that fact.
16

NEWCASTLE DIOCESAN EDUCATION BOARD
We have nothing to report in this regard.
Oplnlon on other rnatlers prescribed by the Companie5 Art 2(X)6
In our opinion. based on the work undertaken in the course of the audit
the information given in the trustees, report for the financial year forwhich the financial statements a
prepared is consisterbt with the financial statements.. and
the direttOlS' report included within the tru5tees' report has been prepared in accordance with applicable
legal requirements.
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the charitable company and its environment obtained in the
course of the audit, we have not identified material misstatement5 In the trustee5' report.
We have nothing to report in respert of the following matters in relation to whith Companies Act 2(KJ6 require5 US
to report to you if. in our opinion..
adequate accounting records have not been kept. or ￿turnS adequate for our audit have not been
received from branches not visited by us,. or
the financial statements are not in agreement with the accounting records and returns- or
certain disclosures of trustees. remunerations specified by law not made.. or
we have not received all the information and explanations we require for our audit,. and
the trustees were not entitled to prepare the fTrnancial statement5 in Jtcordance with the small
companies. regime and take advantage of the small companies, exemptions in preparing the trustees.
report.
Responsibilities of trustees
As explained more fully in the trustees, responsibilities statement, the trustees Iwho are a150 the director5 of the
charitable company for the purposes of company lawl are responsible for the preparation of the financial
statements and for being $3tisfied that they give a true and fair view. and for such internal control as the trustees
determTrne is neeessary to Ènable the preparation of financial statements that are free from material misstatement,
whether due to fraud or error.
In preparing the financial statements. the trustees are responsible for assessing the charitable company's ability to
continue as a going concern. disclosing, as applicable. matters related to going concern and using the going concern
basis of accounting unless the trustee5 either intend to liquidate the charitable company's or to Cease operations,
or have no realistic a￿ernatiVe but to do so.
17

NEWCASTLE DIOCESAN EDUCATION BOARD
Auditor's responsibililies for the audit of the financial ststements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement, whether due to fraud or error, and to Issue an auditor's report that in¢ludes our opinion.
Reasonable assurance is a high level of assurance. but is not a guarantee that an audit condurted in accordance
with ISAS IUKI will always detect a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered material if, individvally or in the aggregate, they
could reasonably be expected to influence the e¢onomi¢ decision5 of user5 taken on the basis of these financial
statements.
Irregularities. including fraud. are instances of non-cornpliance with laws and regulations. We design procedures in
line with our responsibilities. outlined above. to detect material misstatements in respect of irregularities. including
fraud. The specific procedures for this engagement and the extent to which these are capable of detecting
irregularities, including fraud is detailed below..
We identified areas of law and regulations that could reasonab￿ be expected to have a material effect on the
financial statements from our general and sector experience and through discussions with the trustees and other
management las required by Auditing Standardsl and from inspection of the charitable company's
legal correspondence, 3nd we discussed with the trustees and other management the policies and procedures in
place regarding compliance with 13ws and regulations. We communicated identified Ièws and regulations
throughout our audit team and remained alert to any indications of non-compliance throughout the audit.
Firstly. the charitable company is subject to laws and regulations that dirertly affect the financial statements
including financial reporting legislation lin¢luding related companies 3rtd charities legislation) and we assessed the
extent of compliance with these laws and regulations as part of our procedures on the relate(J financial statement
Items.
Secondly the charitable company is subject to many other laws and regulations where the consequences of non-
compliance could have a material effect on amounts or disclosures in the financial statements, for instance through
the imposition of fines or litigation. We identified the following areas as those most likely to hève such an effect,.
data protection, safegv3rding and certain aspects of company le81slation, recogni5ing the nature of the charitable
ompany'5 activitie5. Auditing Standard5 limit the requtred audit procedures to identify non-compliance with these
laws 3nd regulations to enquiry of the trvstees and other manaBement and inspection of regulatory and legal
correspondence, if any. Through these procedures. we did not become aware of actual or suspected non-
Compliance rnaterial to the financial statements.
eecause of the inherent limitations of an audit. there is a risk that we will not detect all 1r￿gUI3r1tie$, including
those leading to a material mi55tatement in the financial statements or non-compliance with reEulation. Thi5 risk
increases the more that compliance with a law or regulation is removed from the events and transactions reflected
in the financial staternents, as we will be less likely to become aware of instances of non-compliance. The risk is
also greater regarding If￿g￿laritieS occurring due to fraud rather than error. as fraud involves intentional
concealment. forgery, collusion, omission or misrepresentation.
A further description of our respon5ibilitie5 for the audit of the financial statements is located on the Financial
Reporting Council's websrte at= wwA¥.frc.or
auditorsres
onsibiltties. This description forms part of our
auditorfs report
18

NEWCASTLE DIOCESAN EDUCATION BOARD
Use ol our rei
This report is made solely to the charitable company's members, as a body. in accordance with Chapter 3 of Part
16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable
company's membersthose matters we are required to state tothem in èn auditor's report ènd for no other purpose.
To the fullest extent permttted by law. we do not accepr or assume responsibility to anyone other than the
charitable company and the charitable comp3n(s members, as a body. for our audit work. for this report, or for
the opinions we have formed.
Anne Hallowell BSC FCA DChA Isenior Statutory Auditor)
For and on behalf of UNW ILP. Statutory Auditor
Chartered Accountants
Newcastle upon Tyne
Date.. 26 June 2024
19

NEWCASTLE DIOCESAN EDUCATION BOARD
STATEMENT OF FINANCIAL AcnviTIES {inc(Yporatir¥ income and expenditure xcouTrtl
Year ended 31" December 2023
Unre5tri¢ted
Restrirted Totsl Funds As reststed
Funds
from
Donations
Othertradingartivities
Investments
49.258
170.467
58,070
29,
410
177,
67,7Y
255,540
231,3Cbl
61,Wl
m,795
3U221
548,E45
Experditure on
Charitable acii¥ities
149J.4441
132.8441
IS23,2￿) (So5.￿)
Totsl
I￿,444)
148441
15211811 1505,1581
Net IrKomelle4%nthtwel bEhre wNestmeht4afislknws
1246491
4582
43,487
-Net Ilossl Igain5 on investments
174.723
474,723
18),2211
Netincon* I lexpenditwel
12%3441 13fi7341
Trnnsfetsbetweenfurrtts
NeIM￿en￿nl inlwmts
1246
143441 136,7341
Totsl funds bMu8lrtforn¥*
295,(
1237,812
1532,813 1569,547
Total fundsca￿led lon¥ard
144117
I9)1￿ 2.532.813
All operations relate to continuing activities
20

NEWCASTLE DIOCESAN EDUCATION BOARD
BALANCE SHEET
At 31" December 2023
A5 restated
2022
2023
Flxed assets
Tangible fixed assets
Investments
li
2243￿1 2.330.922
1243A81 2.330,922
Debtors
Deposits
Cash at bank
13
75JJOO
67A70
246.774
96.787
67.791
97.848
389.fA4
262.426
Credltots: amounts falliry wftNn one year
14
1125.5561 160.535}
Net current assets
264.1)88
201.891
Net assets
07,469 2.532.813
The funds ofthe thaiity:
Restricted income fvnds
Unrestrirted income funds
1425.117 2.237.812
82A52
295.001
general
Total funds
I￿7￿69 2.532.813
These accounts have been prepared in accordance with the provisions applicable to companies subject to the
small companie5. regime.
The notes on paBes 23 to 36 form part of these financial statements. The accounts were approved by the
members of the 803rd on 26 June 2024 ar￿ are si8ned on their behalf by=
Re¢d Lee Batson
Director and Chair of Finafftce and Property Committee
Reglstered Company Number 00480293
21

NEWCASTLE DIOCESAN EDUCATI ON BOARD
STATEMENT OF CASHFLOWS
Year ended 31° December 2023
ststernentol cashflow5
lortheye¥ended 31 Deomber21)23
Netca5h infknwfromoperaliryKliwties
1193,5491
Qsh flowsfrom investingaclTr¥ilies
Dividends. interest and rentfrom investments
Purthase of investments
Pfoceeds from sale of investments
67,754
6L&JI
275,((0
115.CQ2
Netcash prO￿ded byinVesti￿arflSl1jes
26,￿3
Change incash andosh equivalents inthe reportingperiod
Cash and (ash eqUi¥￿ents at Ilanu*y
149.C(6
24.291
141,348
Cash andush ewivaentsat31 December
314,644. ._
. 165,639
22

NEWCASTLE DIOCESAN EDUCATION BOARD
Notes to the financial statements
For the year ended 31" December 2023
NTING POLICIE
The financial statements have been prepared under the historical cost convention. with the exception of
fixed asset investments which are included at thehr market value at the balance sheet date. The financial
statements have been prepared in accordance with the Charities SORP IFRS 102}-Accounting and Reporting
by Charities.. Statement of Recommended Pr•rtice applicable to charities preparing their account5 in
accordance with the Financial Reporting Standard applrcable in the UK and Republic of Ireland IFRS 1021
(effective I" January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland
IFRS 1021 and the Companies Act 2006.
NOEB meets the definition of a public benefit entity under FRS 102. The financial statements a￿ prepared
in pounds sterling which is the functional currency of the charity and are rounded to the nearest £1.
Going concern
Taking into account the leve15 of unrestrirted reserves as at 31" December the directors are satisfied that
the NDEB has adequate resource5 to continue to meet all liabilities as theyfall dve forthe foreseeable future
anil consequentty these accounts have been prepared on a going concern basis.
a) Income
All income is included in the Statement of Financial Activities ISOFAI when NDEB 15 legally entitled to them
as income or capital respeciivety, ultimate receipt is probable and the amount to be recognised can be
quantified with reasonable accuracy.
il Rent receivable is recognised a5 income of the year in respect of which it is receivable.
ill Interest and dividends are recognised as income where receivable.
iiil Oonatlons other than grants are recogni5ed when receivable.
bl Expenditure
Expenditure is included on the accruals basis and has been classified under headings that aggregate all tosts
related to the Statement of Financi31 Artivtty category.
il Costs of ralsing funds are constrained to costs relating to investment propertie5.
il Charitable expenditure relates to expenditure on education and Church of England schools in the
Diocese.
iiil Support costs consist of central management. administration and governance costs. The amount
spent on raising funds and other activities is considered to be immaterial and all support costs are
allocated to the purpose of charitable activities. Costs are allocated whefever possible (lirertly to the
activity to which they relate, but where such direct allocation ts not Possible. the remainder is allocated
on an approximate staff time basis.
ivl Pension contributions. NDEB contributes to the Pension Builder Scheme of its employees and this
Scheme is part of the Church Workers Pension Fund. It is treated as a defined contribution scheme and
the annual contributions payable are charged to the Statement of Financial Activrties.
23

NEWCASTLE DIOCESAN EDUCATION BOARD
Note5 to the linancial statements
For the year ended 31" December 2023
vl Employee benefrts.
Short-term benefits, including holiday pay and other similar non-monetary benefits are recognised a5
an expense in the period in which the employee's entitlement to the benefit accrues.
Tangible Ilxed assets afid depreciatlon
c) Inveslment properties
Board properties which are held for investment purposes and rented out have been included at their
fair value, as determined by an annual review carried out by an external surveyor.
d} Fixed asset investments
Listed investments. which have been classif￿￿ as fixed asset investments, are measured initially and
subsequently at fair v3lue. The st*ement of financial activities includes the net gains and losses
arising on revaluation5 and disp05a15 throughout the year.""
el Tangible fixed assets
All capital expenditure over £5.¢XKI is capitalised and depreciated as folh)ws. Oepreciation is provided
in order to-write off the cost Iless"any ultimate disposal proceeds at process ruling'at the time of the
asset's acquisrtionl of other fixed assets over their currently expected useful economic lives at the
following initial rate:_
Fixture5 and fittings
15-30%perannum
straight line basis
School buildings are occupied and. in the case of Voluntary Aided schools, improved, extended and
repaired by the school governors. The nature of the occupation of these buildinÉs by these exempt and
excepted Charities means that NDEB trustees do not have the power to dispose of the buildings until the
school ceases its occupation. which in turn would require the approval of the Secretary of State. Anv
proceeds of ￿le would be subject to claw.back by the Se¢retary of State of related grant aid provided.
The trustees consider the Board's ownership to be in the nature of custodi8n5hip of the asset5 and these
are therefore not capitalised in the financial statements. Details of the Voluntary Aided schools can be
obtained from the Joint Education Team.
fj Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
8) Cash at Bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturitv
of three months or less from the date of acquisition or opening of the deposit or similar account.
h) Liabilitie5 and provisior
Liabilities Jre recognised where there is an obligation at the balance sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement, and the amount
of settlernent can be estimated reliably. Liabilities are recognised at the amount that the company
anticipates r( will pay to settle the debt or the amount it has received as adVar￿ed payments for the
goods or services it must provide. Provisions are measured at the best estlmate ofthe amounts required
to settle the obligations. Where the effect of the time value of money is material, the provision is based
24

NEWCASTLE DIOCESAN EDUCATION BOARD
Notes to the financi41 statements
For the year ended 31" December 2023
on the P￿Sent value of those amounts. discounted at the pre-tax discount rate that refiects the risk5
specific to the liability. The unwinding of the discount is recognised within interest payable and similar
charges.
l) ' Financial instruments
The company only enters into financial instruments transartions that resulr in the recognition of basic
debt finantial a55ets and liabilities like trade and other accounts receivable and payable. cash and bank
balances and loans to or from related parties. All such instruments are due within'one year. and are
measured. initially and subsequently at the transactTron price.
At the end of each reporting period debt financial assets are assessed for impairment. and their carrying
value reduced i! necessary. Any.impairment charge is recognised in the statement of financial activities.
jl Fund balances
Fund Balances are split between unrestricted Igeneral and designated). restricted funds.
Vnrestrirted funds are NDEB'S corporate funds and are freety available for any purpose within the.
charitable objects, at the discretion of NDE8. There are two types of unrestricted funds..
General fund5 which NDEB intends to use for the general purposes of the NDEB and
Designated funds set aside out of unrestrirted funds by NDE8 for a purpose specified by the
Trustees. No designated funds are held at this time.
Restrirted fvnds are income funds subject to conditions imposed by the donor as specific terms of
trust, or else by legal measure.
Sertion funds
Section Order Funds that have arisen from past Section Order Schemes are subject to Uniform Trusts
governed by Section 86 11944 Education Act). Section 2 11973 Education Act) and more recentlv
Section $5411996 Education Act). These funds have been extracted from the General Reserve and
are accounted for under Restricted Funds.
The Uniform Trusts provide that the Board may after payment of any expenses in connection with
the administration of the particular trust to apply the capital and income'.-
lal In or towards the purchase of a site for or the erection. improvement or enlargement of the
premises of any relevant school in the area.
Ibl For the maintenance of any relevant school in the area.
Icl In or towards the purchase of a 51te for or the erection or improvement or enlargement of the
premises of a teacher'5 house for use in connection wtth any relevant schoolin the area and
Idl For the maintenance of a teacher's house for use in connection with any relevant school in the
area
25

NEWCASTLE DIOCESAN EDUCATION BOARD
Notes to the financial statements
For the year ended 31" December 2023
The 8oard may apply the income as follows'.-
lal In or towards the provision of advice guidance and resources includirbg materials in connection
with any matter related to the m•nagement of or education piovided at any relevant school in the
area
Ibl The provision of seThices for carrying out any inspertion of any relevant school in the area by Part
l of the Schoolslnspection Act 1996 and
Icl To defray the cost of employing or engaging staff in connection with=_
lil The application of income by the relevant tnjst assets for either of the purposes reterred in sub
paragr8ph (al and Ibl above or
lill The application of capital or income of the ￿levartt trust assets for any of the purpose5 referred
to in paragraph l above."
The accounts tnclude future section order funds under permanent endowment ￿nds. Once an order
has been approved the funds are then transferred in accordance with the Order.
The accounts also include a Special Purposes Fund which include5 variou5 fund5 derived from
educational endowments which can be used to fund special projects under the terms of the relevant
Trusts as applicable.
kl Estimates and judgements
Estimates and judgements are continually evaluated and are based on historical experience and other
factors. including expectations of fvture events that a￿ believed to be reasonable under the
circumstances.
In preparing these financial statements the trustees do not consider there We￿ any significant areas of
judgement that were required in applying the company's policies as set out atrx)ve.
E5timJtes within these financial statements include dèprèciation. None of the estimates made in the
preparation of these financial statements are Considered to carry significant estimation uncertainty, nor
to bear SiEnificant risk of causing material adjustment to the carrying amounts of a55ets and liabilities
within the nexi financial year.
26

NEWCASTLE DIOCESAN EDUCATION BOARD
Notes to the financial Statements
For the year ended 31" December 2023
Totsl Funds
2023
Fund5
Funds
l)onatThS
DBFGrant
5eryts agreement re￿pts
Olhergrants re￿I4￿d
4161
8J61
4LQ)7
41JJ97
19.152
29.152
29J52
78/410
Unrestr￿ Restfftted TotalFund5
Fund5
2022
OBF Grant
39.528
39.528
32.369
195.318
255,540
Totsl Fund5
Fund5
17.249
142,918
17.249
142,911
DMAT IncomÈ
170.467
177.057
UNertricted
Totsl Fund5
1&223
16.223
25.895
153.559
35.627
fErencefee5 thcome
DMAT IrKome
35.627
1fj223
231.304
27

NEWCASTLE DIOCESAN EDUCATION BOARD
Notes to the finan¢ial Statements
For the year ended 31 December 2023
Investment income
Unrestricted
Funds
Restrirted
Fund5
Totsl F￿ffids
2023
Bank interest receivable
Income from UK listed investments
58,070
070
070
67,754
Investment•n(ome
Unrestritted
Funds
Restricted
Fund5
Total Funds
2022
Bank interest receivable
income from UK listed investments
267
6,6S7
6.924
55,144
6,657
61,￿1
S Costs of charitable'activities byfundty
Unrestslrted
Funds
Restricted
Funds
Totsl Funds
Supportfor church schools &aodemies
support costs
4￿.444
5U288
Costs ol chaitable Ktivitie5 by fundtype
Unrestricted
Funds
Restricted
Funds
Total Funds
2022
support for thurch schoo15 & academies
Supportcosts
102,239
498.295
26,140
26,l¢KI
422,196
102,239
524,435
28

NEWCASTLE DIOCESAN EDUCATION BOARD
Notes to the finantial rtatements
For the year ended 31" December 2023
6 Costs of tharitable activities by arti¥itytype
Attl￿tieS
undertaken
di￿rtIV
Support
costs
Total Funds
Support forchurth schools
Govemance..
Audit fees
Legal ènd professional fees
444,148
58,193
8,496
S￿341
12,451
451
Costs of Charl￿1e aLti¥ities byadiitytytype
Acrivilies.
vndertaken
dI￿rtIv
Support
costs
Total Funds
2022
Support for church sth001s
Govemance..
Auditfee5
Legal and professional fees
472.837
17,
,175
8,17S
6,181
6,181
479.018
26.140
Supporteosts campri5eof
Rent
5.651
51542
8.496
Auditf
2022
Rent
Cffice costs
Audit fee5
8.175
24140
29

NEWCASTLE DIOCESAN EDUCATION BOARD
Notes to the financial statements
For the year ended 31" Decembef 2023
Net loytyoin8ifin(ominB resources fof the year
2023
2022
Auditors. remuneration..
8.496
8.17S
8 Efflphyee det*
Total 5tafl costs were astollm..
2023
2022
Wage5 and 5alJries
Social seC￿lty coms
Other pension costs
Z29SOZ
27518
31.460
223,846
26.446
30,163
288A80
280.455
The totil nurnberof stalf ernployedduriTrx 2023 wis 1312022.. 101
At 31st December 2023 9 staff rÈmained.
Stsff cost5 for thelET staff from 1st September 2023 to 31st C￿thr2D23
weretraAsfeT¥ed to kn.nt EdurotionTeam LiP.
2023
2022
No
Average FtE rtaff memtrms
Two employees rec•ved ernoluments of nThyeih3n £60,CW upto31st 2023.
Band £60.¢￿- £70,000
Band £70.OCO- £80POO
Band £80,000. £￿,0c
Band £g1.QC(I. £IOO,(x¥)
Band £IOO,(KQ- £120,C#XI
2023
2022
Key management per50nnd c(fflpr￿ethe Dirertorol Education aNI three asystants. Th•rlotsl
remunerati￿ to 31st A4ust 2023 anwnted to £250.91812022.. E348.3451.
30

NEWCASTLE DIOCESAN EDUCATION BOARD
Notes to the financial statements
For the year ended 31" December 2023
SumNryolfuth4 mmffler
B•knnc• at 31
RestylcNd IrKfm• Funds:
Section m￿leS Fund
Speii31 Purposes Fund
EdU￿t￿nal Giants
l.&J8￿3
. 32fi407
13J42
9.684 1292221
659)
39.152
174.723
1053248
33Z.997
38J172
13.6221
IZJ7W2 45A26 132WI
174.723
1425.117
Ge￿11 Futhls
295.IXII
277.795 I4￿.￿441
82352
Totsl Fw
2531813 323221 15232881 174.713
1507A69
Blan￿at1 InrNiing (*oir¥ Gainsar
Jan )IZZ resour(es rvAuT(ts
losses Transfe
Balan￿ èt31
Dec2022
Reslri(ted In(ome Funds:
Sertion Monie5Fund
Speoal Purposes Fund
Edurational Granfs
ICnL359
319,TJ)
I6.￿1
44.076 167,1511 1gJ,2211
6.657
31W 135.(￿¥
L898,063
326.407
,342
.1
2 IW2391 IN2JI
1237,812
Unreslrirted InwrneFunds:
General Fund5
Managemeni of Change Fund
231377
46&y3 l¢WJi9191
295,001
Totsl Funds
l569.547
5¥645 IS￿￿} lal,2211
2,532,813
10. Dirertor5 remuner•lion and e
enses
No remuneration has been paid to any director in their capacity as a director during 2023 £121.5012022.. £nill.
31

NEWCASTLE DIOCESAN EDUCATION BOARD
Notes to the financlal statements
For the year ended 31 December 2023
11 Tangible assets
Fixtures &
Fittings
Total
At cost
At ljanuary and 31 Oecember2023
2,868
2,868
Accumulated depreciation
At l January and 31 December 2023
Net bookvalue at 31 De￿fflber 2023
Alv£
12 Investments
Invèstment
CCLA
Pmperty investr*nts
Total
Within the United Kin8dom
At ljanuary 2023
Additions
Disposals
Revaluation
2,130,922
2,330.922
2W
21x1
1262.4641 1262.4641
174,723
174,723
At 31 December2023
21M1,¢￿1 1043,381 1243,381
Historical cost at 31 December 2023
1,166,549
1,191,549
Joint ventu
During the prior year. the company established a joint venture limited liability partnership with
Newcastle Diocesan Education Board INDEB). The new entity.Joint EducationTeam LLP. cornmen￿d
trading on 1st September 2023.
As restated
2022
1023
Duè T•ithin on• year
other debtors
21.787
21.787
Oue •fter on• y
Spittal nursery
75.(M))
75.000
75,000 75.0
75A
96.787
32

NEWCASTLE DIOCESAN EDUCATION BOARD
Notes to the financial statements
For the year ended 31° Decernber 2023
14 Creditors
2023
2022
Amounts falllng due wlthln one ye¥
Trade Creditors
Taxation and social security
Other Creditors
Actruals
io,Ic
15,478
26,W
8,059
14,100
83,152
28,304
S,$56
60,535
15. Pensti)ns
For eligible salaried employees NDEB now participates in the Church ol England Pension Builder kheme
IPBSI, within the Church Workers Pension Fund. This is treated as a defined contributions scheme. The
scheme is administered by the Church of England Pensions 803rd. Pension Builder Classic provides
pension for members for payment from retirement, accumulated from contributions paid and converted
into a deferred annuity during employment based on tem)s set and reviewed by the Church of England
Pensions Board from time to time. 8onuses may also be dedared. depending upon the investment returns
and other factors.
The assets of the P8S are held separately from those of the employer. A valuation of the scheme is carried
out once every three years. The most recent scheme valuation was carried out as at 31, December 2019.
This revealed a deficit of £14.2m. There is no requirement for deficit payments at the current time. NDEB
is unable to identify its share of the underlying assets and liabilities as each employer is exposed to actuarial
risks associated with the Current and former employee5 of other entities participating in PBS. For schemes
like this. paragraph 28.13 of the Financial Reporting Standard 102 IFR5102} iequired NDE8 to account for
pension costs on the basis of contributions actually payable to the Scheme in the year.
NDEB contributes 15% of basic salary into the Scheme for 6 senior members of staff. an¢J IO% for remaining
staff. NDEB has provided pension Contributions durin8 the year for 11 members of staff on the payroll.
NDEB is only liable for contributTrons relating to its own staff. ènd not for any other members of the scheme.
All members of staff ère jointly employed by NDe6 artd DDBF ond some work less than full-time hours.
During the year to 31" December 2023, NOE8 made contributions of £62,920 of which £31,460 is
recoverable from DD8F12022: £60,325 of which £30,162 was recoverable from DDBFI. The net total of
these two figures has been taken as the pension cost shown in these a¢counts. No contributions were
outstanding at the year end.
33

NEWCASTLE DIOCESAN EDUCATION BOARD
Notes to the fina￿la1 statement5
For the year ended 31" December 2023
16 Cash Ilow reconciliation
Recon•liatlon of net m*>vements in fynds to
net cash flow from operatin8 artivilies
2022
Net movemèns in funds forthe yewended 31 December
Adjustments tor.
Dividends. Inte￿$t and rent from investments
Revaluation of unvestments
Decreasel lincreasel in debtors
Increase/ Idecreasel in ueditors
{2S.3441
136,7341
167,7541
1187.2591
21.787
65.021
I61,￿1)
80.221
15.0991
20.901
Net cash used In operatlngactivltles
1193.5491
12.5121
Analysis of cash and cash equSvalents
Cash in hand
Dep051ts {less than 3 months)
246.774
67.870
97.848
67.791
314.644
165.639
34

NEWCASTLE DIOCESAN EOUCATION BOARD
Notes to the financial statements
For the year ended 31" December 2023
17 Analysis of netassets betsfftn funds
Filted assets Netcurrenl
In￿StMents
assets Totsl 2023
Restrirted In(ome Funds:
Section Monies Fund
Speaal Purposes Fund
Educational grants
L710,384
332,937
341864 2,153,248
332.997
38.872
38,872
1013,381 381736 1425.117
Unrestricted Inwme Funds:
General Funds
2CD.Cth 1117,&181
81352
1243.381 264,LTh8 1507J69
Ftsed assets Net cwrent As restated
In¥e3trnents
•ss•ts Total 2022
R•strfct•d Incom• F￿￿.
Sectron M¢mies Furtd
Specral Purposes Fund
Educational erants
I￿515
326.4107
93.548 Im,C63
326.407
13342
13.342
2.130,922
i(b.8W 2.237A12
General FuThts
2￿.(￿ 95.￿1
295.￿]
2.330.922
201￿91 2.532.813
General Fund
The General fund represents those assets held by NDE8 for carrying out sts general activities.
Special Purposes Fund
This fund can be used to fund special projetts.
Sertlon Monies Fund
This fund holds monies under the Education Acts mainly in the fom of shares and property. Investment
income is transferred as r*eded to support any def￿1t on the General fund.
Edu¢ational Grants Fund
Grants paid to NDEB to be used to support Religious Education in schools.
35

NEWCASTLE DIOCESAN EDUCATION BOARD
Notes to the financial statements
For the year ended 31 December 2023
18. Custodian funds
S¢hool balan￿5
Dutharn
5thools
Newcastle
Sthools
2022
Opening balance foryear
. Receipts
Payments
389.117
8C6.701
270,578
846,110
14%.7541 11.183.487)
1191818
L234,286
Ill￿688
2.145,745
IL63124¥ 12,184,213)
a051￿ bal￿￿ foryear
469.324
674.265
1,195,818
DfE grants and Contributions from sch(yols received in this year totalled £1.116.668 Expenditure during the same
period totalled £1,63¥,24"Oleaving an overall b.alance of"£674,265 held on bèh.alf of Voluntary A'i¢Jed schools.
lanos heldforothe
2022
Opening balan￿ foryear
Investment revaluation
174,939
14,937
234145
1246511
2.474
2LflJS
aosin¢ balaNe foryear
17,4U
21L099
209,494
19. Related
transa¢tions
Three directors of NDE8 were also directors of Newcastle Diocesan Board of Finance IND8FI during the year.
Nine staff were employed jointly by NDEB and Durham Diocesan Board of Finance IDD8FI during 2023.
The following are deemed to be the transactions in the year between NDEB and the related parties referred
to above-
al NDEB received payroll serwces from NOBF. During the year, grants reteived amounted to £nil12022.'
£NILI Paymènts for services provided to NDBF amounted to £18.41612022.. £19.8601.
bl NDEB recovered staffing costs and some operating costs for the joint working with DDBF for the year to
31" August 2023. The amount receivable from DD8F during 2023 was £291,68412022.. £252.3101. There
was a year-end creditor for money owed totalling £30,47612022.. £5,585).
20. Prlor
ar restatement
During 2023, an error was noted relating to income received in 2023 that related to 2022. Consequently, an
adjustment has been made to recognise £19.277 of income in 2022. This adjustment increased Accrued
income and the opening reserves by the same amount.
36