REGISTERED CHARITY NUMBER: 210948
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
FOR
THE LAPWORTH CHARITY
Prime
Chartered Accountants
Comer 08k
1 Homer Road
Solihull
B913QG

THE LAPWORTH CHARITY
CONTENTS OF THE FINANCLAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
Pago
R•f•rènc• and Administrative Delails
Report ofthe Trusts&s
2 to 4
Independent Examiner's Report
stst¥ment of Financial Activities
Balance Sh88t
Notes to the Financial Statements
8 to 18

THE LAPWORTH CHARITY
REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 MARCH 2021
TRUSTEES
Ex Offiao
The Reo*or. Rev P Gerard
Appointed by Lapworth
Parish Council
Mis J Bragg
Mrs S Hunt
Mr l T Knowle$
Mrsv R Male
MS S J Thomp8on
c￿OPted
Mr D H Bradnock
Mr D J Clarke
Mr D J Comey
Mrs C Hill
Mr R E Ni¢ol (Chairmanl
MrH O Roberts
MrJ R Waldron
PRINCIPAL ADDRESS
The Braids
Rising Lane
Lapworth
Solihull
B946JE
REGISTERED CHARETY
NUP•lBER
210948
INDEPENDENT EXAMINER
Prim
Chartered Accountants
Corner Oak
1 Homer Road
Solihull
B913QG
BANKERS
Uoyds Banking Group
Solihull
We51 MidLands
B913AN
INVESTlAE￿ MANAGERS
Smith & Wlliamson
9 Colmore Row
Biimingham
B3 2BJ
Page 1

THE LAPWORTH CHARITY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2021
The trustees present their report vAth the finanaal statements of the charity for the year ended
31 March 2021. The trustees have adopted the provisir)ns of Accounting and Reporting by Charibes..
statement ol Recommended Pla￿l¢e applicable lo charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and RepU￿1C of Ireland IFRS 1021 {effective 1 January
2019).
This is also the rem of The Lapworth Edu¢alion¥l Foundation which is "linkerf to The Lapworth Charity as
explained in the Slrudure, Govemance and Management section.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the Charity are the management of Almshouses * Pound C105e, support of the Lapworth
Educational Foundab"tsn, support of local Parish Churches and other lo¢al organisafjons and payments for
the relief of financial hardship of residents of the Parish of Lapworth.
Publlc bon
The Trustees have had due regard to gutdancg published by the Charity Commission on pu￿10 bengfft. Al
grants paid and 8etivitiÈs undertaken are considered by the Trustees to be for pU￿1C benaf
ACHIEVEMENT AND PERFORMANCE
Covid-19 Pandemlc
In Apnl 2020 the Charity Teceived 2 significant unsol￿1ted donations in 3ddition to one which had been
received in the previous finanaal year. These gave the Iruslees eonffdence 10 5UPPOrt some of the 10¢81
endeavours 1¢ reduce the impact of the pandemic without prejudiang the core actiV￿e8 of the Charity. As
re3uIt the Charty was a￿e to provide background funding for the Lapworth Volunteer gr0￿ry setmce
those who We￿ shielding al home, mileage costs for those volunteers who provided the pre$¢ripb"on delivery
serv￿e, a contribution to the cost of the Covid-safe improvements al the surgery and grants to families who.
in spite of the various govemment package5, found they were experienung severe finanaal Iwdship as a
result of the ￿8￿CtionS resulting from the pandemic.
Charitable activltlas
A primary ftjnctton of The Lapworth Charty is the provision of Almshouse Accornmodation. Of the 11
almshouses at Pound Close, 2 have fallen vacant during the 1831 year. Both of these vacancies have been
filled and 1 of the 2 properties was substantially refvrbished whilst vacant.
As in previous years the Charlty has made signn?cant grants to support St Mary's Church, Lapwoth, Sl.
Thomas's Church. Nuthur51. Lapworth School. The largest grant Is lo Sl Mary's Church and this refiects the
fact that a number of the original bènef8Ctors specified this church as their primary consideration and indeed
the Charty Commission Scheme of 1963, under which the Charity operates. detemiines that * least one
eighth of the income should go to this Church. Grants have not been made to the Lapworth Old Peoples
Assoaation and Elderberries as the activitie5 of both of these organisalions have been seriously curtailed by
the pandemic.
The Charity has made 40 grants to Lapworth residents. These have included winter fuel payments,
contributions towards chiropody Costs. assistsnee wlh School transport costs, educational expenses,
assistance with day Care costs and ￿1￿1 of financial hardship.
The Charity's governing doojment ￿strict$ the benefft of the Charity to matters of health. social ¢2re &
e<lu¢ation of the residents of Lapworth, particularly those of low in¢om&. Vmthin these ¢rileTia the trust￿ are
ahNays pleased to consider applications for assistance.
The Lapworth Educational FOundat￿n has continued to make grants to enhance the fvnc*oning of Lapwoth
Primary School.
Page 2

THE LAPWORTH CHARITY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2021
FINANCIAL REVIE114
Flnan¢ial position
The net income for the year as disclosed in the Slalemenl ol Finanaal Activities £543,328 12020 expenditure
£235,711) is only achieved through the inclusion of net unitralised increases in the valuation of Listed
Investments and of inveslmenl propety. Othenmise a deficit on operations of £17,490. 12020 £25,289) would
have been disclosed.
ReseTrv¢$ policy
The Trustees policy for financial reserves shows a total of £5,090,269 including £106,022 rdaling to the
Lapworth Educational Foundation. This figure indudes assets retained to fund ongoing act*vilwts for an
appropriate period ol lirne.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The P￿sent day charty arises from many historic bequests and donations sorne of which date back to the
fifteenth century. It is Controlled by its goveming dtscumenl. a deed of trust as amendèd by the Scheme of 22
JU￿ 19S3, and conslitules an unIn￿rpOrated charity.
Objects and Policres
The objects of the Charity are the management of Almshouses al Pound Close and the maintenancè of
propethes owned by the Charity. support of the Lapworth Educational Foundation. support of tr40 local Parish
Churches and payments forthe general benefit of the poor of the anaenl Parish of Lapworth.
Policie5 on safeguardirKJ and management of anti-sooal behaviour have been agreed over the course of the
year.
Trustse recruitment, Inductlon and training
The govemance of the Charity is overseen by the Board of Trustees lthe 'Board'l.The Rector of St Mary's
Church. Lapworth is an ex-offiao trustee. Five nominative trustees are appointed by Lapworth Parish Counol.
One nominative Iruslee is appointed by Wawck District Counal but in recent years this council has dedined
lo make appointm9nts. Eight Co-opted trustees are 8ppoSnted by the existing Board of trustees.
Replacement trustees are ￿erUited by the Board, who consider5 the skills currenUy availa1￿0 and then
identffies the desired experience and qualrfi¢alions of any additional or ￿Placement trustee. Potential trustees
are invited to a preliminary discussion with the Chairman. If found to be suitable and wlling their appointment
is ratffjied by the Board subject to C￿)firmatIon. if a Nominative Trustèe, by the relevant Council. On
successful appointment. tho new trustee is prowded wth a verbal and d¢cumenlary induction to introduce the
Trustee to the workings and objectives of the organisation. In additK)n Trustees afft encouraged lo attend
courses run by the Amsh¢JJse A550cialion and other r6lwant organisation8.
Organl$atlonal structure
There are four me8ting$ of all trustees each year to manage and rewew the activity and dirgthon of the
Charity. In addition there are three sutxommittees namely.. Estates & Finance, Pound Close IAlm5housesl
and Charitable Payments. Each sU￿MMittee meets on average ￿ lo three limes a year and reports to all
the tNstees at tha main meetings. As a con$equence of the pandemic. the majorty of meetings over the last
year have been o)nducted using online Mdeo-conferenang teehnology.
Helen Wollerton 15 Administrator-in-charge looknng after the day to day administration of the Charity.
Conflicts of Interests and Loyalty
The Trustees are aware of the importance of the potentl81 consequen￿3 of c4)nflicts of interest and loyaty.
This is of pa￿cular relevance given that. a$ determined by the governing document, a piime beneficiary of
the Charity Ss Sl Mary's Churth, Lapworth and the Ex-offiao Trust6• of the CharFty is the Rector of the said
church. Furthemiore, several Trustees are also members of the Parochial Church Council of St Mary's.
Mindful of these relationships, the Trustees are awwe that they have a legal duty Its act in the best interests of
the Lapworth Charty. If they find themselves unable to do so then they are aware th* they musl wlhilraw
from deiision Ma￿ng process.
Page 3

THE LAPWORTH CHARITY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT
Thg Lapworth Educational Foundation
On 25 February 2017 The Charity Commission directed that the charity called The Lapworth Edu(*lional
Foundation ('Ihe linked charity'} shall be treated as fomiing part of the charity t￿lled The Lapworth Charty
Clhe reporting charty'l for the purposes of Part 4 Iregislrationl and Part 8 {accountingl of the Charitps Act
2011. The effect of linking charities for accountancy and registration purpos85 means Ihat..
- The charities wll be registered ￿r￿er a single registration number
The trustees ￿11 be required to Prepare a single set of accounts for the reporting thaTty and the linked
charity, wf(hin which the individual funds of the linked charity are reported as restricted fijnds andlor
endowm&nt, as appropriate.. and where accruals accounts are prepargd, the ¢hartheg' Statement of
Recommended Pfactice ISORP) must be used.
The linking of the charibes under section 12 of thè Charibe$ Act 2011 is an adminislralive linkage. for
reporting purposes only. It does not changè the Separate legal status of the charities, or the nature of
slrided funds or endowment. and it does not constrtute a merger. The Iruslees are under a duty to ensure
that the funds of each charity are still applied solely In a(xord8nce with the respective twsts.
The a35els of the Lapworth Educational Found81ion ILEFI a￿ derived from the sale of the orwJinal Church
Lane buildings of Lapworth Prirnary School. The object of the Charty is lo support the current Lapworth
Primary School and in the last year it has made grants to Lapworth Primary School. The Lapworth Charity has
previously in lum made grant5 to LEF as LEF has not had suffiaent income lo make the level of grants
chosen by the trustees unaided. As ongoing grants from esther charity wll now be identifiable in the same set
of linked accounts grants to the School wll be recorded a5 from the charty whose liquid r6seNes have been
appl￿.
The refeTence and administralv)n details also apply to The La
rth EfJu¢ational Foundation.
Approved by Qrder ofthe btsaTd oftrusle
. and signed on ts behaKby'.
Dr R. E Nio)l- Trustee
Page 4

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE LAPWORTH CHARITY
Indepgnd&nt examiner's report to the trusto&$ of The Lapworth Charity
I report to the charity Iruslee8 on my examination of the accoun18 of The Lapworth Charity (the Tiustl for the
year ended 31 March 2021.
Responsibllltles and basis of report
A5 the chartty trustees of the Tiusl you are responsiblo for the preparation of the accounts in arLOrdan￿ wrfh
the requirements of the Charities Act 2011 Ilhè A¢l'l,
I repgrt in respect of my examination of the Trusys accounts carried out under section 145 of the Ad and In
carying out my examination I have followed all applicable Directions gwen by the Charity Commwkjn under
section 14515llbl of the Act.
Indepgndent axamln•rf$ ststement
I have completed my &xaminalion. I confimi that no material matters have come to my attention tn eonnection
with the examin81ion giving me cause to believe that in any material respect..
accounting Teo)rds were not kept in respect of the Trust as required by sectign 130 of the Act.. or
the accounts do not aecord with those records,. or
the 8C(x)unls do not comply wlh the applicable requirements conceming the lorm and conlenl of
accounts set out in the Charities IAc£ounts and Reports) Regulations 2008 other than any requirement
that the accounts give a true and fair ￿eW whi(* is not a matter considerad as part of an independent
examinth'on.
I have no concerns and have come across no other matters in connection with the examination to whith
8ttention should be drawn in this report In order to enable a proper undefstanding of the accounts lo be
reached.
Jeremy ￿lSOn FCA
Prime
Chartered Aeeountsnts
Comer Oak
1 Homer Road
Solihull
B913QG
Date".
1810812021
Page 5

THE LAPWORTH CHARITY
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2021
2021
2020
The
Lapworth
Educationat
Foundation
Unrestrcted
fvnds
Resthcted
funds
Totsl
funds
Total
fvnds
Notes
INCOME AND
ENDOIIVMENTS FROM
Donations and legacies
6,000
6,000
1,000
Charitsbltr activities
Almshouses provision
42,559
42￿9
Investr*nt income
71,894
2.267
74,161
87.155
Total
120,453
2,267
122.720
134.615
EXPENDITURE ON
Raising funds
36,836
985
37.821
34,485
Charitable activities
Almshouses provision
Assistance to indiwduals
Assistance to n¢)n-Scheme
insb"lub"on8
Assistance lo sche￿
institutions
44,401
23,534
44.401
23.534
62,871
21,938
4.998
9,646
14,794
24,806
24,806
25,796
Totsl
134,225
5.983
140,208
159.884
Net gainslllossesl on
investments
487.914
51,062
21.838
560,814
{210.5021
NET
INCOMEIIEXPENDITUREI
474,142
51,062
18.122
543,326
1235,7711
Trdnsfers between fund5
18
15151
515
Net movement in funds
473,627
51.062
18,637
543.326
1235,7711
RECONCILIATION OF
FUNDS
Totsl funds brought
ft>vHard
4279.492
180.068
87,385
4546.943
4,782,714
TOTAL FUNDS CARRIED
FORWARD
4,753.119
231.128
106,022
5,090,269
4,546,943
The notes form part of these financial statemen
Page 6

THE IAPWORTH CHARITY
BALANCE SHEEr
31 MARCH 2021
2021
2020
The
L8PWOrth
Educational
Foundation
Unrestrictgd Restricted
funds
nds
Totsl
fvnd
Total
nds
Notes
FIXED ASSETS
Tangible assets
Investsn•nts
Investments
Investment property
13
1,140,847
1.140.847
1.141,209
14
15
1,978.690
1.545.089
231.128
99,787
2.309.60S
1.545.089
1,786.820
1,511,932
4,6U,626
231.128
99.787
4.995.541
4,439,961
CURRENT ASSETS
Debtors
Cash al bank
16
11,240
86.360
4,162
5.407
15A02
91.767
19,019
106.455
97,600
9.569
107,169
125,474
CREDITORS
Amounts falliry due within
one year
17
19.107}
13,3341
{12.4411
{18,492}
NET CURRENT ASSETS
88,493
6,236
94,728
106,982
TOTAL AssEfs LESS
CURRENT LIABILITIES
4,753,119
231.128
106,022
5,090.269
4,546.943
NET ASSETS
4753.119
231.128
106,022
5.090,269
4,546.943
FUNDS
Unrèstricted ￿ndS
Restricted fvnds
18
4.753,119
337,150
4,279,492
267,451
TOTAL FUNDS
5.090,269
4,546,943
The financial statements ￿re approved by Ihe Board of Tru$tee5 and authorised for issue
.Jglh.July.2Q21.....
and were signed on its behalf by..
R. E Nicol- Trustee
The notes form part of these financial ytalemenls
Page 7

THE LAPWORTH CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
ACCOUNTING POLICIES
Basis of preparlng the financlal $tatgm•nts
The finanrjal statements of the charity, which is a public benefft enb.ty under FRS 102, have been
prepared in accordance ￿rtth the Charth'es SORP IFRS 1021 'A￿ountIng and R6pDrbng by Charthes..
Statement of Recommended Praclice applicable to charities preparing their accounts in accordancè
with the Financial Reporting Standard applicable in the UK and Republic of Irel8nd IFRS 1021
leffectNe 1 January 20191., Financial Reporbng Standard 102 'The Financial Reporting Standard
applicable in the UK and Republic of I￿land, and the Charities Act 2011. The finanaal statemènts have
n prepared under the historical cost convention, wth the exception of investments which are
included al market value. as modffied by the revaluation of ￿rtain assets.
The charity obtained pemiission from the Charity Commission to become linked tr) the Lapwtsrth
Educational Foundation as from 26 March 2016. The results of this linked charity are induded wthin
these financial statements by the use of a gÈpaTale column wlhin the Statement of Financial ACt[v￿eS
and the Balance SheeL
Financial reporting standard 102- r•du¢#d disclosure exemptions
The Charty ha5 taken advantage of the following disclosu￿ exemptions in preparing these finanaal
statements. as pemiitted by FRS 102 The Financial Reporting Standard applicable in the UK and
Republ￿ of I￿10nd.:
the requlrernenlg of Section 7 Ststemenl of Cash Flows.
Income
All income is recognised in the Statement of Finanaal Activities On￿ the E*)arity h85 enlillemenl to the
funds, il is probable that the income will be receiv￿ and the amount can be measured reliably.
Investment income 15 eamed through holding assets for investment purpose5 such as property and an
investment portfolio of sha￿$ and cash on deposit. Interest is recognised as it accrLJes. Di￿￿endS are
recognised once the dividend has been declared and notification rec&Ned of the dividend due.
SeNces prowded by volunteers are not Tecognised as income.
Expenditure
Liabilities arè recognised as expenditure as soon as there is 3 legal or ¢on$lructwe obligation
committing the charity to that expenditure. it is probable that a transfer of economic benefits will be
required in setuement and the amount of the obligation can be m6asurèd reliably. Expenditure is
accounted for on an accruals basis and has been classified under headings that aggregate all cost
related to the category. lfvhere costs (2nnol be diredy attributed to particular headings they have been
allocated to actNthes on a basis consistent with the use of resources.
Grants offared subject to condition5 which have not been met at the year end dale are noted as
eommitmenl bul not aczrued as expendrture.
Tangible fixed ass
D&pr8cTalion 1$ provided al the following annual rates in ordgr to write off each asset over ils estimated
useful life.
Computer equiprnenl
25% on cost
Deprea81ion has not been provided on the freehold properties used for charitabEe purposes on the
grounds that such a provision is not material in the accounts of the Charity, and that the buildings are
maintained to a reasonable standard of repair. These freehold propertiès arè carried wthin
accounts al a valuation.
Page 8
continued...

THE LAPWORTH CHARITY
NOTES TO THE FINANCIAL STATEMENTS - conttnued
FOR THE YEAR ENDED 31 MARCH 2021
ACCOUNTING POLICIES- continued
Investsngnt property
Investment properties were valued by John Eade & Son LLP. Chartered SuNeyor8 and registered
valuers on 25 March 2016. Tha trustees have applied approprkgle annual indrEs lo detemiin¢ the fair
value as at 31 Marcl) 2021.
Taxation
The charity is exempt from tax on ts ¢haritable aGtiv¢ties.
Fund accountlng
UnrestThcted fijnds be used in aC￿rdance with the charrtable objectives al the discretion of the
trustees.
Restricted fvnds (xn only be used for partIC￿lar restricted purposes wllhin the objects ol the charity.
Restn"¢tions arise when sperified by the donor or when funds are raised for parti¢LJlar restricted
purposes.
The funds of the linked charity The Lapworth Educational Found81ion can only be used to support the
objects of that charity.
Further explanation of thg nature and purpose of each fund is induded in the notes lo the financkil
statements.
Flx•d asset investrngnts
Investments are initially recognised at their transaction value and subsequently measured at their
market value at the balarrE sheet date u&ng the quoted midvmarket price at the balance sheet date.
The statement of finanoal activities in¢ludes the net gains and losses arising on revaluation and
disposals throughout the year. Realis&J and unrealised investsnent gains and 10s8e$ are comknned in
the Statement Of Financial Activitie$.
The trust does not acquire or use put options, derivatnies or olher complex financial instrument$.
INVESTMENT INCOME
2021
2020
Rents received
Wayleaves and Canal Trust
Interest receivat4e
Dividends
35.026
229
17
38.889
39,602
225
125
47203
74,1£1
87,155
Page 9
confynued...

THE LAPWORTH CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021
INCOME FROM CHARITABLE ACTIVITIES
2021
2020
Weekly maintenance
contributions for Pound
Close Amshouses
Alrnshouses provis￿n
42,569
46,460
IIAISING FUNDS
Investmgnt managgment costs
2021
2020
Portfolio management
Repairs and maintenance
Ulilty costs
Managlng agents fees
Insurance costs
Other direct costs
Support costs
7A65
7,874
8,492
1,116
3,399
1,018
6,999
5,587
2,870
1,069
19.866
3.611
37.821
34,485
CHARITABLE ACTMTIES COSTS
Grant
funding of
activthes
(see note
71
Dired
Costs (see
note 61
Support
costs (see
note 81
T¢)tsls
Almshouses provision
Assistance to individual$
Assistance to non-sthemg
inslilulions
Asyistsnce to Scheme institution5
38,379
6,022
1.806
44.401
23.534
21,728
7.840
23.000
1,806
1,806
9,646
24,806
38,379
S2,568
11,440
102.387
Page 10
continued...

THE LAPWORTH CHARITY
NOTES TO THE FINANCIAL STATEfvIENTS- continued
FOR THE YEAR ENDED 31 MARCH 2021
DIRECT COSTS OF CHARITABLE ACTIVITIES
2021
2020
Utility costs
Repairs and maintenance
Insurance
NAA subsulplions
Life line maintenance and installation
Estsle agents fees
Other direct costs
5,273
26,375
2,289
296
234
3.960
(48
3,382
36,226
2,355
290
472
4.950
5.879
38,379
53.554
These costs relats to Pound Close.
GRANTS PAYABLE
2021
2020
Assistance to indiv¢duals
Assista￿ lo non-Schem8 institutrons
Assistance lo Scheme institutions
21,728
19,142
11,998
23,000
23.000
52,568
54,140
The total grants paid lo institutions during the year was as fdlows..
2021
2020
Lapworth Old Peopte's Association
Lapworth CofE Primary Sthool
Scheme payments (see note below)
Lapworth Parish Counol
Lapworth Surgery
2.000
4.998
23.000
5.0
6,140
23,000
1,700
30,840
34.998
Scheme payments compri3e.'
2021
2020
Church Wardens of Nulhurst
Church Wardens of Lapworth
3.000
20.000
3,000
20,000
23,000
23,000
The Scheme relates to the Charity Commission Scheme of 1963 speofying insbtutions th* musl
benefit from the income arising in The Lapworth Charity.
Page 11
cnnbnued...

THE LAPWORTH CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021
GRANTS PAYABLE- Continued
The total grants paid lo indivkduals during the year was as follows..
2021
2020
Covid-19 Hardship
Residènts, christ￿aS hamper$
Charitable a55151ance
Chiropody
Wnter fuel allowance
Educational support
Contrbulions towards childrens, bus passes
5.855
405
400
3,230
768
6.300
7.650
794
718
6.720
6.800
1.230
21,728
19,142
No single payment to an indiwdual exceeded £850 (2020.. £8501.
SUPPORT COSTS
Administration G¢)vemanc*
Costs
costs
Totals
Investment management costs
mshousos provision
Assistance lo indwiduals
Assistance lo non-scheme institution5
Assistance lo Scheme insts'tutions
2,661
4,437
1,331
1,331
1,331
950
1.585
475
475
475
3.611
6.022
1.806
1,806
1,806
11,091
3.960
15.051
TRUSTEES. REMUNERAT1014 AND BENEFITS
There was no trustees, remuneration or other benefits fr)r the year ended 31 Marth 2021 or for the
year ended 31 Marth 2020.
TnBts8s' exponses
One ￿Stee(2020'. 21 has been ￿1MbUrs8d or receSved expenses dudng the year totsllirrfJ £126 12020=
£170}.
10. STAFF COSTS
2021
2020
Wa9&s and saaries
11.324
10.954
11.324
10,954
The charity has one part lime employee who does not have any management responsibilty and as
such Ihe charity has no key management personnel.
Page 12
continued...

THE LAPWORTH CHARITY
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2021
10.
STAFF COSTS - ¢ontlnued
The aver8ge monthly number of employaes during the year wa5 as follows=
2021
2020
Adminislralon
No employees re￿iVed emoluments In exc￿ of £60.000.
11. STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD TO 31 MARCH 2020
The
Lapworth
Educational
Foundatton
Unrestn'cted Restricted
funds
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Donation5 and legaaes
1,000
1,000
Charltsbte activities
Almshouses provision
46,460
46.460
Investment In￿Me
84,663
2.492
87.155
Total
132.123
2,492
134.615
EXPENDITURE ON
Raising funds
34,485
34.485
Charttable actlvltl•8
A1rn5houses provision
Assistan￿ lo irKlividuals
Assistsn¢e lo non-scheme institutions
Assistance lo Scheme institutions
62.871
21,938
9,796
25,796
62,871
21,938
14,794
25.796
4.998
Total
154,886
4,998
159,884
Not gain￿11¢￿e8) on investments
1169,403}
129,244}
(11,8551
P10,502)
NET INCOMEIIEXPENDITUREI
1192,1661
(29,2441
114,3611
1235.771)
Trdn$fors bets¥een funds
14,4851
4.485
Net movemont In funds
1196.6511
129.2441
19.8761
{235,771)
RECONCILIATION OF FUNDS
Totsl fundy broughtfor4vard
4,476,143
209,310
97,261
4,782,714
TOTAL FUNDS CARRIED FORWARD
4,279,492
180.068
87,385
4,546.943
Page 13
continued...

THE IAPWORTH CHARITY
NOTES TO THE FINANCIAL STATEMENTS- contlnued
FOR THEYEAR ENDED 31 ￿RCH 2021
12. NET GAINS I ILOSSESI ON INVESTMENTS
These comprise..
2021
2020
Unrealised gain on investment properties
Unreali5ed gain I Ilossl on flxed asset investment Portfolio
Realised gain on fixed asset investm&nt pcirtfolio
33,157
441,085
86.572
17,727
1278,9451
50,718
560.814
1210,5021
13. TANGIBLE FIXED ASSETS
Freehold
pr¢)perty
Computer
equipment
Totals
COST
At 1 April 2020 and 31 March 2021
1.140,000
1,793
1.141.793
DEPRECIATION
At 1 April 2020
Charge for year
S84
362
SB4
362
At 31 March 2021
NET BOOK VALUE
Al 31 March 2021
1,140.000
847
1,140.847
Al 31 March 2020
1,140,000
1,209
1.141.209
The freelK)Id properties wère valued by John Earfe & Son LLP, Chartered Surveyors and registered
valueFS on 25 March 2016 on a market value basis.
1& FIXED ASSET INVESTMENTS
Listed
investments
Unlisted
investments
Totals
RKET VALUE
At 1 April 2020
Add(tions
Disposals
RevaluatKJns
1,368.339
342,715
{261.015)
322,859
418A81
1.786,820
342,715
{261,0151
441,085
118.226
At 31 March 2021
1,772,898
536.707
1309.605
NET BOOK VALUE
At 31 March 2021
1.772,898
536.707
1309,606
At 31 March 2020
1,368,339
418,481
1.788.820
The investsnent portfolio 18 In mulli- asset global fvnds and is valued at fair value at the balance sheet
dale.
Pa9& 14
conts'nued...

THE LAPWORTH CHARITY
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2021
14.
FIXED ASSET INVESTMENTS - continued
Cost tx valuation al 31 Marth 2021 is ￿preSented by:
Listsd
Unllstad
Inv•stmènts Knv¢$tmonts
Totsl¥
Valuation in 2021
Cost
322.859
1,4SO.039
118.226
418,4B1
441,085
1.868.520
1,T12.898
536.707
2,309.605
16. INVESTMENT PROPERTY
FAIRVALUE
At l April 2020
Revaluation
1.511,932
33,157
At 31 March 2021
1.545,089
MET BOOK VALUE
At 31 March 2021
1,S45,089
At 31 March 2020
1.511.932
Fair value at 31 Mar¢h 2021 1$ represented by-.
Valuation in 2021
Cost
33,157
1.511.932
1.546.089
The invastment properties are included at fair value.
The investment properties were valued by John Earfe & Son LLP. Ch8rtered Surveyors and registered
valuers on 25 March 2018 on a matttol value b8sis. The trustees have applied the relevant UK House
price index for properties in Warwickshire to determine the lair value of dwellings held as at 31 March
2021. The agricultural land held in investment properb.es will be revalued every 5 years.
Page15
continued...

THE LAPWORTH CHARITY
NOTES TO THE FINANCIAL STATEMENTS - ¢onllnu¢d
FOR THE YEAR ENDED 31 MARCH 2021
16. DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR
2021
2020
Trade debtors
Prepayments
9,032
6,370
13.246
5.773
15,402
19.019
17. CREDITORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR
2021
2020
Trade creditors
Other creditors
2.177
10,264
2.177
16.315
12.441
18.492
18. MOVEMENT IN FUNDS
Net
movement
In fvnd8
Translers
befv4een
nd8
Al 1.4.20
31.3.21
Unrestrictèd fund$
General fund
Freehold property revaluation reserve
3,789.492
490,000
474,142
15151
4.263,119
490,000
4279,492
474.142
15151 4753,119
Restrictsd funds
Almshouses extr80rdn)ary rep8irfvJnd
Church extraordinary repair fund
The Lapworth Educational Foundation
173,601
6,465
87,385
49.483
1,579
18,122
223,084
515
106.022
267,4SI
69.184
51S
337,150
TOTAL FUNDS
4546.943
543,326
5,090,269
Net movement in fund¥, included in the above are as follows..
Incoming
resources
Resources
expendad
Gains and
losses
Movement
in fvnd5
Unrestricted funds
General fvnd
120.453
11342251
487.914
474,142
Rèstri¢tsd fur￿3
Aimshouses extraordinary repatr fijnd
Church extraordinary repair fund
The Lapworth Educational Foundation
49,483
1,579
21,838
49A83
1,579
18,122
2,267
{5,9831
2.267
{5,9831
72,900
69,184
TOTAL FUNDS
122.720
{140,2081
560.814
543,326
Page 16
continued...

THE LAPWORTH CHARITY
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2021
18.
K)VEMENT IN FUNDS - Continued
Comparativos for movgment in funds
Net
movement
in funds
Transfers
be￿een
fvnds
At
31.3.20
At1.4.19
Unrostricted funds
General fund
Freehold propety ravaluats.on reserve
3,986,143
490,000
(192,1661
14,4851
3.789.492
490,000
4.476.143
{192.ie61
14.4851
4,279.492
Rgstrictad funds
Almshouses extraordinary r&pairfund
Church extraordinary repair fund
The Lapworth Educational Foundallon
202.944
6,366
97,261
129.3431
99
(14.3811
173,601
6,465
87.385
4,485
308.571
143.8051
4,485
267.451
TOTAL FUNDS
4.782.714
1235,7711
4,546.943
Comparative net movement in fvnds, included in the above are as follows:
Incoming
resources
Resources
expended
Gains and
k)sses
Movement
in fuThJs
Unrestricted funds
General fijnd
132,123
1154.8861
1169,4031
1192,1861
Restrict8d funds
mshouses extraordinary repair fund
Church extraordinary repair)lJnd
The Lapworth Educational Foundation
{29,343}
99
{11,855)
129.343)
2,492
{4,998)
114,361)
2.492
14,998)
141,099}
143,605)
TOTAL FUNDS
134,615
1159.884)
{210.5021
1235,771 }
Purpo$•$ of restrKted funds:
The Lapworth
Educational
Foundation
This fund discjoses the athvity and fvnds rnovemenl of The Lapworth
Educational Foundation whose status is th81 of a linked ch8Tty lo The
Lapworth Chartty .
Almshouses
extraordinary repair
fund
This fvnd relates lo the extraordinary repair. improvement or rebuilding of
alMSh￿seS belonging to the Charity.
Church Extraordinary
repair fund
This fijnd relates to the extraordinary repalr. Improvement or rebuilding of
the Parish Chur¢h of Lapworth
Rèvaluation re¥erve
This fijnd rel*e$ to the rnvaluation of fjxed assets since the valuation
detemiined in 2002.
Page 17
continued...

THE LAPWORTH CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021
19. RELATED PARTY DISCLOSURES
Therè were no rdated party tranSa￿onS for the year ended 31 Mar¢h 2021 and for the year ended 31
Marth 2020.
20. LINKED CHARITIES
These finanaal statements indude the income and expendlture and a130 the assets and lia￿1￿￿e¥ of
vo linked charities, The Lapworth Charity Ilhe reporting charity) and The Lapworth Educational
F¢xJndabon. These charities have a separate le9al status but have the same trustees.
The anyiunt The Lapworth Charity owed The Lapworth Education81 Foundation at 31 March 2021 was
£4,16212020.' £4.1621.
The Henry Billing Trust whith provided assi81ance to the poor of the parish was subsumed into The
Lapworth Charity in 1996. This assistance continues with th& provism of help for winter fijel wthin th¢
grants to indivhluals heading.
Page 18