REGISTERED CHARITY NUMBER: 285524
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
FOR
LAMBOURN CHURCH OF ENGLAND
SCHOOL HOUSE TRUST
RML Taylor FCCA
I Carnegie Road
Newbury
Berkshire
RG14 5DJ

LAMBOURN CHURCH OF ENGLAND
SCHOOL HOUSE TRUST
CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2021
Page
Report of the Trustees
Independent Examiner's Report
statement of Financlal Activities
Balance Sheet
Notes to the Financial Statements
6 to 11

LAMBOUAN CHURCH OF ENGLAND
SCHOOL HOUSE TRUST
REPORT OF THE TRUSTEES
For The Year Ended 31 December 2021
The trustees present their report with the financial statements of the charity for the year ended
31 December 2021. The trustees have adopted Ihe provisions of Accounting and Reporting by Charitles..
Stalement of Recommended Prartice applicable to charities preparing their accounts In accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) {effective I
January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
Lambourn Church of England School House Trust Is an unincotporated tharity established by a Deed of
Trust, whose purpose is 'the advancement of the education of children in the parish of Lèmbourn..
The Trust aims to fund grants and donations each year with the total value detemiined by investment
returns and the avallabllity and eliglbility of proJ"ertslartivities to fund.
The trustees apply the funds at their discretion and In accordance with the charitable purposes and object
of the charity. Any decision whether to award a grant or donation remains solely the re5ponslbllity of the
trLJStees.
Public benefit
The focus of the trust Is on supporting projects and artivities that are outslde the core educatlon
provlslon and that are benefitial in rneeting the specific needs ol the children In the parish.
The Chèrlty's Trustees have had due regard to the Charlty Commlssion's guldance on Publlc Beneflt.
ACHIEVEMENT AND PERFORMANCE
Achievements and Performance
In 2021 the trust intrea5ed the amount It allocated to grant-maklng by 160%. In addition to the grant to
the local school towards the lease of two minibusès. an additional grant was made to the school for
refurbishing the nursery building and a donation for after-school music-based activity. The trust also
committed a grant for the cost of providlng book5 under the Imaglnation Ubrary Scheme to all enrolled
chlldren from the Lambourn postcode area.
FINANCIAL REVIEW
Financial position
The Trust doos not carry out any fund-ralsln9 artlvltSes. It funds its grant-maklng actlvSties wlth Income
derived from a tanglble asset in the form of a residentlal property whlch provlded a modest annuèl
Income and assets held In investment funds at the lower end of the risk spertrum.
Reserves policy
Tho Trust holds a proportlon of funds readily accessible accounts to ensure It can meet Its annual
obligalions for grants and make provlsSon lor the maintenance of the residentlal property.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity Is controlled by its goveming document. a deed of trust and constitutes an unlncorporated
charity.
Recruitrnent and appolntment of new trustees
The appolntment of Trustees is gliverned by the Deetl of Trust of the Charlty. They are subjert to being 3
In number. Each serve a 4 year term. The Trustees are specified In the Deed of Tnjst to be-
The Vicar of the Parish of Larnbourn.
Appolnted by the Parochial Church Councll of the Parish of Lamboum.
Appointed by Excalibur Academies Trust and be from the Parish of Lamboum.
Organlsational strurture
The Charity was established on l August 1982 and is admlnlstered by the Trustees. All decisions are
made by the Trustees having taken appropriate third party advice where deemed necessary.
Page I

LAMBOURN CHURCH OF ENGLAND
SCHOOL HOUSE TRUST
REPORT OF THE TRUSTEES
For The Year Ended 31 December 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT
Risk management
The Trustees have a duty to identify and review the risks to which the Charity is exposed and to ensure
that appropriate controls are in place to provi(Je reasonable assurance against fraud and error. A Grants
and Donations Policy sets out the criteria for awarding grdnts. Payment of the grant Is made
retrospertively ugon r￿lpt of evidence that the activity or project has taken place in accordan￿ wrth
the grant's terms.
The Trust hès an Investment Policy and the Trustees review the investrF)ents on a regular basis wllh the
asssstarlce of professional advisors. This ensures that any ￿levant risks are identified and monito￿d and
managed in the appropriate manner.
REFERENCE AND ADMINISTRATIVE DEfAILS
Registered Charity ntsmber
285524
Prlnclpal address
13A Oxford Street
Lambourn
Hungerftsrd
Berkshire
RG17 8XS
Trustees
N Hastle
C Harris
Rev J Mintern
Independent Examiner
RML Taylor FCCA
I Carnegie Road
ewbury
Berkshire
RG14 5DJ
Approved by order of the board of tn￿eS on ................ ..... ...
by..
antl signed on its behalf
N Hastle - Twstee
Pdge 2

INDEPENDENT EXAMINER'S REPORT TO THE TRusfEES OF
LAMBOURN CHURCH OF ENGLAND
SCHOOL HOUSE TRUST
Independent examiner's report to the tnrstees of Lambourn Church of England School House
Trust
I report to the charity trustee5 on my examination of the accounts of iAmboum Church of England
School House Trust (the Trust) for the year ended 31 December 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are resporksible (or the preparation of the accounts In accordance
with the requirements of the (Tharities Art 2011 ('the ACVJ.
I report in respect of my examination of the TFU5t's accounts carried out under section 145 of the Act
and in orrying Oltt my examination I have followed all applicable Dirertions given by the Charity
Commlsslon under sertlon 145(5)Ib) of the Art.
Independent examiner's statement
I have completed ffly examination. I confirm that no material matters have come to my attention in
connectjon with the examination giving me cause to believe that in any material respect..
accounting records were r￿t kept in ￿pect of the Trust as required by sethork 130 of the Att. or
the accounts do not accord with those records. or
the accounts do not comply wtth the applicable requirements conceming the fomi and content of
accounts set oijt in the Charities (Accounts and Reports) Regulations 2008 other than any
requirement that the accounts give a true and fair view which is not a matter considered as part
of an independent examination.
I have no concems and have come acmss no other matters connection with the examlnatlon to whith
attentlon should be dravrfn in this report ln order to enable a proper ijnderstanding of the accounts to be
reached.
L•LL I
RNL Taylor FCCA
I Carnegie Road
Newbury
Berkshlre
RG14 5DJ
Date..
Page 3

LAMBOURN CHURCH OF ENGLAND
SCHOOL HOUSE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
For The Year Ended 31 December 2021
2021
Unrestrirted
fund
2020
Total
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacie5
1,269
978,358
Investment income
40,569
26.425
Total
41,838
1,004,783
EXPENDITURE ON
Charitable activities
Charitable expendlture
19.170
16,946
Net gains on investments
142,066
148,091
NET INCOME
164,734
1,135,928
RECONCILIATION OF FUNDS
Total funds brought forward
1,605.758
469,830
TOTAL FUNDS CARRIED FOIiWARD
1,770.492
1,605.758
The notes form part of these financlal siatements
Page 4

LAMBOURN CHURCH OF ENGLAND
SCHOOL HOUSE TRUST
BALANCE SHEET
31 December 2021
2021
Unrestricted
fund
2020
Total
funds
Notes
FIXED ASSETS
Investments
Investments
Investment property
1.135,157
475.000
993,091
475,000
1,610,157
1,468.091
CURRENT ASSETS
Debtor5
Cash al bank
io
81
162.053
58
140,387
162,134
140,445
CREDITORS
Amounts falling due within one year
li
(1,799)
(2.778}
CURRENT ASSETS
160,335
137,667
TOTAL ASSETS LESS CURRE14T
LIABILITIES
1.770.492
1.605.758
NET ASSErs
1,770,492
1,605,758
FUNDS
Unrestrirted funds
12
1.770,492
1.605.758
TOTAL FUNDS
1,770.492
1.605,758
The financial statements were approved by the Board of Trustees and authorised for issue on
nd were sÉgned on its behalf by:
C Harris- Trustee
The notes form part of these financial ststements
Page 5

LAMBOURN CHURCH OF ENGLAND
SCHOOL HOUSE TRUST
NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2021
ACCOUNTING POLICIES
Basis of preparin9 the financial statements
The financial statements of the charity. which is a public benefit entity under FRS 102, have been
prepared in accordance with the Charities SORP (FKS 1021 'Accounting and Reporting by Charities..
Statement of Recommended Prartice applicable to charities preparing Iherr accounts in accord3nce
with the Financial Repor￿ng Standard applicable in the UK and Republii of Ireland IFRS 102)
(effective l January 201g)'. Financial Reporting gtandard 102 The Financi31 Reporting Standard
applicable in the UK and Republic of Ireland, and the Charities Art 2011. The financial statements
have been prepared under the historic31 cost convention. with the exception of invegtments which
are included at market value. as modified by the rÈvalu3tion of certain assets.
Overall risk to operations
In common with many other Charities, the outbreak of COVID-19 in the UK and the measures
being taken to control its spread, have had an impact on otjr activiues. The impart is not
considered to have been significant and the Charity has still managed to remain in surplus.
Following the year end. there have been no substantial developments that would affett the
Charity's ability to remain in surplus. The Charity has therefor determined that there are no post
balance sheet events and accordingly, the financial posits.on os at, and results of the operations for.
the year ended 31 December 2021 have not been adjusted to reflert their impart.
Income
All income is recognised in the siaiemeni of Financial Activtb'es once the charity has enD'tlement to
the funds, rt is probable that the income wtll be ￿ceiVed and the amount can be measured reliably.
Expenditure
Lièbilities are recognised as experbditure as soon as there is a legal or con5trurtive obligatio
committing the charity to that expenditure, it is probable that a transfer of economic benefits will
be required in settlement and the amount of the obligat50n can be measured reliably. Expenditure
is accounted for on an accruals basi5 and has been dassified under hcadings that aggregate all
cosl related to the category. Where costs cannot be directly attributed to particular headlngs they
have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end dale are noted as a
commitment but not accnjed as expenditure.
Charitable actlvlties
Grant and Donations..
The Trustees apply the funds of the School House Tnjst at their discretion and in accordance with
the charltable purposes and objects of the Charity.
The number and value of grants is nece55arily limited to the amount ol funds that are available for
dtstribution each year. The trustee5 have determined that the current priorities for fundir>g grants
are..
Facilitsting extra-curricular activities for children aged 5-11 in areas of arts. sport and culture.
Encouraging pre-school children to attain basic skills in literacy and speaking and listening.
Enabling children to achleve their full potential in literacy.
The trustees will only consider applications for grants from organi5ations. not indivSduals, within
the ParSsh of Lambourn.
Applications for grants recelved not in-keeping with the prioréties for support will only be
considered under exceptional ctrcumstances.
The trustees will allocate a portion of the fund each year for small donations of up to £500.
Investments
Investment property is shown at most recent valuation. Any 3ggrÈgate surplus or delldt arising
from changes in fair value is recogni5ed in the Statement of Financial Activities.
The overall investment objective is to produce the best finanaal return with an acceptable level of
risk.
Page 6
contlnued...

LAMBOURN CHURCH OF ENGLAND
SCHOOL HOUSE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continLted
For The Year Ended 31 December 2021
ACCOUNTING POLICIES- continued
Investments
Long-term funds:
Are used to generate a fairly high level of income while minimising the risk of capital 1055e5. The
income and capital gains will aid in protecting the Charity's Capltal from the impart of inflation.
The charity use5 the Cor¥sumer Price Index (CPI} as an inflation measure and the target retum o
investment is inflation plus 5%.
Short-term funds..
The Charity will use short term investments with a minimum A-credit rating* to achieve
competitive rate of interest on cash balances. with the main aim being to have readily accessible
funds in the case tsf unexpected expenditure or low value capital projects.
Ethical Policy..
The Charity expects funds to be tnvest and managed in accordance with the Church of Enoland's
Ethical Investment Advisory Group and the UK Stewardship code.
Taxation
The charity is exempt from tax on its charitable activrties.
Fund accounting
Unrestricted funds can be used in accordance wlth the tharfjtable objectFves at the discretion of the
trustees.
Restricted fvnds can only be vsed for particular restricted purposes within the objects of the
charity. Restrictions arise when specified by the donor or when funds are ralsed for particular
restricted purp05e5.
Further explanation of the nature and purpose of each fvnd is induded in the notes to the financial
statements.
INVESTMENT INCOME
2021
2020
Rents received
Investment income
Dep051t account interest
11,688
28.881
11.568
14,430
427
40.569
26,425
GRANTS PAYABLE
2021
2020
Charitable expendifure
16,020
12,010
The total grants pald to organisations during the year was as follows-.
2021
2020
Lambourn Church of England Primary School
16,020 12,010
Page 7
continued...

LAMBOURN CHURCH OF ENGLAND
SCHOOL HOUSE TRUST
NOTES TO THE FINANCIAL STATEMENTS- continued
For The Year Ended 31 December 2021
INDEPENDENT EXAMINERS. REMUNERATION
2021
2020
Auditors, remuneration
Auditors, remuneration
Non Audit
Independent examiners, remuneration
Independent examiner%' remuneration
1,350
1,428
372
1,428
Non Independent examination
TRusfEES' REMUNERATION AND BENEFITS
There were no trustee5' remuneration or other benefits for the year ended 31 December 2021 nor
for the year ended 31 December 2020.
Trustees, expenses
There were no trustees. expenses paid for the year ended 31 December 2021 nor for the year
ended 31 December 2020.
STAFF COSTS
The Trust did not employ any staff in the current or the preceding year.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcrivrTIES
Unrestricted
fund
INCOME AND ENDOWMENTS FROM
Donations and legacies
978,358
Investment income
26,425
Total
1,004,783
EXPENDITURE ON
Charitable activities
Charitable expenditure
16,946
Net gains on investments
148.091
NET INCOME
1,135,928
RECONCILIATION OF FUNDS
Total funds brought forward
469,630
TOTAL FUNDS CARtUED FORWARD
1,605,758
Page 8
continued.,.

LAMBOURN CHURCH OF ENGLAND
SCHOOL HOUSE TRUST
NOTES TO THE FINANCIAL STATEMENTS- continued
For The Year Ended 31 December 2021
FIXED ASSET INVESTMENTS
sted
investrnents
MARKET VALUE
At l January 2021
Revaluations
993,091
142,066
At 31 December 2021
1.135,157
Nyf BOOK VALUE
At 31 December 2021
1,135,157
At 31 December 2020
993,091
There were no investment assets outside the UK.
Cost or valuation at 31 December 2021 is represented by:
Listed
investments
Valuation in 2020
Valuation in 2021
Cost
93,091
142,066
900,000
1,135,157
INVESTMENT PROPERTY
FAIR VALUE
At l January 2021
nd 31 December 2021
475.000
NET BOOK VALUE
At 31 December 2021
475,ODO
At 31 December 2020
475,000
Fair value at December 2021 is represented by:
Valuation in 1998
Valuation In 2007
Valuation in 20L4
Valuation in 2017
Valuation in 2020
Cost
169,960
255,000
35.000
(40,0001
55,000
40
475,000
The cost represenis the orÈginal cost of the land on whlch the property Is now situated. There is no
supporting documentation available to deterniine the costs incurred when erectlng the property.
The Trustees obtained a professional valuation of the Investment property during the year ended
31 December 2020. The valuation was conducted by Marc Allen Estste Agents and 15 Still
consldered to be a fair estlmate of the market value.
Page 9
continued...

LAMBOURN CHURCH OF ENGLAND
SCHOOL HOUSE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2021
10. DEBTORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR
2021
2020
Prepayment5
81
58
11. CREDtTOR5: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021
2020
other creditors
1,799
2.778
12. MOVEMENT IN FUNDS
Net
movement
in funds
At
31.12.21
At 1.1.21
Unrestricted funds
General fund
1.605,758
164,734
1,770.492
TOTAL FUNDS
1,605,758
164,734
1,770,492
Net movement in funds, induded in the above are as follows..
Incoming
resotjrces
Resources
expended
Gains and
losses
Movement
in fund5
Unrestricted funds
General fund
41.838
(19,170)
142,066
164,734
TOTAL FUNDS
41,838
(19,170)
142,066
164.734
Cornparatives for movement in funds
Net
movement
in funds
At
31.12.20
At 1.1.20
Unrestricted funds
General fund
469,830
1,135.928
1.605,758
TOTAL FUNDS
469.830
1,135.928
1,605,758
Comparative net movement in funds, induded in the above are as follows:
Incoming
resources
Resourie5
expended
Gains and
losses
Movement
in funds
Unrestricted funds
General fund
1.004,783
116,946)
148,091
1,135,928
TOTAL FUN05
1.004,783
(16,946)
148,091
1,135,928
Page 10
continued.,.

LAMBOURN CHURCH OF ENGLAND
SCHOOL HOUSE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2021
12.
MOVEMENT IN FUNDS- continued
A current year 12 months and prior year 12 months combined posltion is as follows..
Net
movement
At
31.12.21
At 1.1.20
in funds
Unrestricted funds
Gener31 fund
469,830
1.300.662
1,770,492
TOTAL FUNDS
469,830
1,300,662
1,770,492
A current year 12 months and prior year 12 months combined net movement in funds, induded in
the above are 35 follows=
Incoming
resource5
Resources
expended
Gains and
losses
Movement
n funds
Unrestricted funds
General fund
1,046.621
(36,116)
290,157
1,300,662
TOTAL FUNDS
1.046.621
{36.116)
290,157
1.300,662
13.
RELATED PARTY DISCL05URES
N H3stle is a Trustee appolnted by Excalibur Academies Trust who are responsible fDr Lambourn
Church of England School which receives donations from the Trust.
Page 11