2021-12-31-accounts

		Page
Reference and administrative details ofthe charity, its trustees	and advisers
Trustees' report		2-4
Independent examiner's report
Statement offinancial activities
Balance sheet
Statement ofcash flows
Notes to the financial statements		9-17

Trustees		Mrs Sharon Baker (resigned	Mrs Sharon Baker (resigned	Mrs Sharon Baker (resigned	31 March 2022)	31 March 2022)
		Dr Katrina Bradley
		Revd Samuel Denyer,		ExOfficio
		Mr David Hiscox'
		Mr Peter Hoddinott	(resigned		31 August 2021)i
		Mr Richard Houlton	(resigned			21 September 2021)"
		Miss Kat Kinshaw
		Mrs Elizabeth Ramsay		(resigned 7February 2022)'
		Dr Kevin Rowlands
		Dr Elizabeth Walker (resigned				14August 2021)
		Mr Jonathan Brown	(appointed			26 January 2022)
		Mrs Jackie Croft (appointed			1	September 2021)
		Mrs Jean James (appointed			1	September 2021, resigned 16June 2022)
		Mr Mark Woodlock,	Headteacher'
		Mrs Jennifer Warnock
		'
		Foundation Committee
Charity registered
number		310266
Principal office		The Blue School
		Kennion Road
		Wells
		Somerset
		BA5 2NR
Independent	examiner	Bishop Fleming Bath Limited
		Chartered Accountants
		10Temple Back
		Redcliffe
		Bristol
		Bsi 6FL
Bankers and	advisers	HSBC Bank Pic
		1 Market Place
		Wells
		Somerset
		BA5 2RN
		Rathbone Investment		Management
		The Senate
		Southernhay Gardens
		Exeter
		EX1 1UG
Solicitors		Harris & Harris
		Diocesan Registry
		14Market Place
		Wells
		Somerset
		BA52RE

			Unrestricted	Restricted	Endowment	Total	Total
			funds	funds	funds	funds	funds
			2021	2021	2021	2021	2020
		Note	6	6	F	E	6
INCOIIIIE AND ENDOWMENTS
FROM:
Donations and legacies Investments			30 450		34,099	30 34,549	27,106
TOTAL INCOME AND
ENDOWMENTS			480		34,099	34,579	27,106
EXPENDITURE ON:
Raising funds Charitable activities		4 4,6	77I842		('I0,185)	(10,185) 77,842	4,046 25,625
TOTAL EXPENDITURE			77,842		(10,185)	67,657	29,671
NET INCOME I
(EXPENDITURE) BEFORE INVESTMENT GAINS Net gains on investments			(77,362)		44,284 99$492	(33,078) 99,492	(2,565) 69,547
NET INCOME I
(EXPENDITURE) TRANSFERS	BEFORE		(77,362)		143,776	66,414	66,982
Transfers between	Funds	13	34,099		(34,099)
NET IIIIOVEIIIIENT	IN FUNDS		(43,263)		109$877	66$414	66$982
NET IIIIOVEllllENT	IN FUNDS		(43,263)		109,677	68,414	66,982
RECONCILIATION	OF FUNDS:
Total funds brought	forward		11,075	500,000	2,054,961	2,566,036	2,499,054
TOTAL FUNDS CARRIED			(32,188)	500,000	2$164,838	2,632,450	2,566,036
FORWARD

				2021		2020
		Note		6
FIXEDASSETS
Investment property Investments		10 11		745,734 1,809,581		745,734 1,699,934
				2,555,315		2,445,668
CURRENT ASSETS
Cash at bank and In hand			78,635		140,491
CREDITORS: amounts one year	falling due within	12	(1I500)		(20,123)
NET CURRENT ASSETS				77,135		120,366
NET ASSETS				2,632,450		2,566,036
CHARITY FUNDS Endowmentfunds		13		2,164,638		2,054,961
Restricted funds		13		500,000		500,000
Unrestricted funds		13		(32,188)		11,075
TOTALFUNDS				2,532,450		2,566,036

						2021	2020
					Note	6	6
Cash flows from operating			activities
Net cash	used in operating	activities			15	(74,370)	(4,609)
Proceeds	from sale of investments					126,593	274,293
Purchase	of investments					(132,017)	(329,407)
Net cash	used in investing		activities			(51424)	(55,114)
Change	in cash and cash		equivalents	in the year		(79,794)	(59,723)
Cash and cash equivalents			brought forward			163,811	223,534
Cash and cash equivalents			carried forward		16	84,017	163,811

						Total	Total
						funds	funds
						2021 6	2020f
Property legal and professional				fees		48	93
Profit on the sale of listed Investment management			investments fees			(221669) 12,436	(7,452) 11,405
						(10,185)	4,046
Total 2020						4,046
ANALYSIS	OF GRANTS
						2021	2020
						6	E
Student uniforms						2,815	2,353
School photography							2,740
Chaplain's	budget					500	500
Contribution	towards	school projects				28I500	17,500
Contribution	towards	new	recreational		area	43,445
Retirement	gifts					90	23
Miscellaneous						100	100
						75,450	23,216

				Total	Total
				funds	funds
				2021 E	2020f
Accountancy	fees			1,050	1,050
Independent	examiners'		fee	460	450
Insurance				362	409
Clerk to Governors		honorarium		500	500
Bank charges				30
				2,392	2,409

FIXEDASSET INVESTMENTS
	Listed
	securities	Cash	Total
MARKET VALUE
At 1 January 2021	1,676,614	23,320	1,699,934
Additions	132,017	180,692	292,709
Disposals	(103,924)	(178,630)	(282,554)
Revaluations	99,492		99,492
At 31 December 2021	1,804,199	5,382	1,809,581

INVESTMENTS AT MARKET VALUE COMPRISE:	INVESTMENTS AT MARKET VALUE COMPRISE:	INVESTMENTS AT MARKET VALUE COMPRISE:	INVESTMENTS AT MARKET VALUE COMPRISE:
Listed investments						1,804,199		1,676,614
Cash held for investment						5,382		23,320
Total market value						1,809,581		1,699,934
All the fixed asset investments are held		in the UK
12. CREDITORS: AMOUNTS FALLING DUE WITHIN				ONE YEAR
						2021		2020
						6		2
Accruals and deferred	income					1,500		20,123
13. STATEMENT OF FUNDS
STATEMENT OF FUNDS -	CURRENT YEAR
								Balance at
	Balance at							31
	1January				Transfers	Gains/		December
	2021 5	Income 5	Expenditure 6		io/outf	(Losses) 6		2021 E
UNRESTRICTED FUNDS
Capital Revaluation	4,651							4,651
General Funds	6,424	480		(771842)	34,099			(36,839)
	11&075	480		(77,842)	34,099			(32I188)
ENDOWMENT FUNDS
Capital Fund	1,991,794	34,099		10,185	(34,099)	99,492		2,101,471
Maintenance Fund	2,000							2,000
Extraordinary Repair Fund	61,167							61,187
	2,054,961	34,099		10,185	(34,099)	99,492		2,164,638
RESTRICTED FUNDS
Capital Fund	500,000							500,000
Total offunds	2,566,036	34,579		(67,657)		99,492		2,632,450

STATEIIENT OF FUN	DS	- PRIOR YEAR
								Balance at
		Balance at						31
		1 January				Transfers	Gains/	December
		2020	Income		Expenditure	in/out	(Losses)	2020
				E	E		F	F
GENERAL FUNDS
Capital Revaluation		4,651						4,651
General Funds		4,943		775	(25,625)	26,331		6,424
ENDOWMENT	FUNDS
Capital Fund		1,926,293	26,331		(4,046)	(26,331)	69,547	1,991,794
Maintenance Fund		2,000						2,000
Extraordinary Repair Fund		61,167						61,167
		1,989,460	26,331		(4,046)	(26,331)	69,547	2,054,961
RESTRICTED FUNDS
Capital Fund		500,000						500,000
Total offunds		2,499,054	27,106		(29,671)		69,547	2,566,036
SUMMARY OF	FUNDS - CURRENT		YEAR
								Balance at
		Balance at						31
		1January				Transfers	Gains/	December
		202'I	Income		Expenditure	in/out	(Losses)	2021
		E		F	E	E	E	E
General funds Endowment funds		111075 2,054,961	480 34,099		(7'/,842) 10,185	34,099 (34,099)	99,492	(32,188) 2,164,638
Restricted funds		500,000						500,000
		2,566,036	34,579		(67,657)		99,492	2,632,460

								Balance at
			Balance at					31
			1 January			Transfers	Gains/	December
			2020	Income	Expenditure	in/out	(Losses)	2020
			E	5			2
General funds Endowment funds Restricted funds			9,594 1,989,460 500,000	775 26,331	(25,625) (4,046)	26,331 (26,331)	69,547	11,075 2,054,961 500,000
			2,499,054	27,106	(29,671)		69,547	2,566,036

	Unrestricted	Restricted	Endowment	Total
	funds	funds	funds	funds
	2021	2021	2021	2021
	E	6	E	5
Fixed asset investments Investment property		500,000	1,809,581 245,734	1,809,581 745,734
Current assets Creditors due within one year	(30,6&8) (1,600)		109,323	78,635 (1,500)
	(32,188)	500,000	2,164,638	2,632,450
ANALYSIS OF NET ASSETS BETWEEN FUNDS -PRIOR YEAR
	Unrestricted	Restricted	Endowment	Total
	funds	funds	funds	funds
	2020 F	2020 f	2020 5	2020
Fixed asset investments Investment property		500,000	1,699,934 245,734	1,699,934 745,734
Current assets Creditors due within one year	31,198 (20,123)		109,293	140,491 (20,123)
	11,075	500,000	2,054,961	2,566,036

RECONCILIATION OF NET ACTIVITIES	MOVEMENT	IN FUNDS TO NET CASH F	LOW FROM OPERAT	ING
			2021f	2020f
Net income for the year (as	per Statement	of Financial Activities)	88,414	66,962
Adjustment for".
Net gain on investments			(99,492)	(69,547)
Profit on the sale offixed assets			(22,669)	(7,452)
(Decrease)/increase in creditors			(18,823)	5,406
Net cash used in operating	activities		(74,370)	(4,609)
ANALYSIS OF CASH AND	CASH EQUIVALENTS
			2021	2020
			8
Cash in hand			78,635	140,491
Cash held for investment			5I382	23,320
Total			84,017	163,811