2020-12-31-accounts

CONTENTS		Page
Legal and Administration	Informanon
Report ofthe Governors		2 —6
Governors' responsibilities	in the preparation of
Financial Statements
Independent Auditors Report		8-11
Statement ofFinancial Activities		12
Balance Sheet		13
Notes to the Accounts		14-24

Charity Registration	Number	528672
Governors		Rev. David Poultuey	(Chair)
		Mrs Jane Corrigan
		Cllr John Haynes
		Ms April Gold (appointed		7October 2020)
		Canon Linda Wainscot (retired			1August 2020)
		Mr Vincent Taylor (to June 2020)
		Mrs Judith Knight
		Mrs Beryl Knight
		Mr Keith Corrigan
		Mr Mark Gutteridge
		Mr Alan Lewis (resigned 12May 2021)
		Mr John Savin-Baden
		Cllr Richard Chattaway		(toJune 2020)
		Mr Robert Maggs (appointed 20January 2021)
Clerk		Daniel Blood, Band Hatton Button, Solicitors
Principal Address		Band Hatton Button
		Earlsdon Park, 53-55	Butts Road
		Coventry, CV12BH
Bankers		Santander Bank Pic
		Bootle
		Merseyside
		L304GB
Solicitors		Band Hatton Button
		Earlsdon Park, 53-55	Butts Road,
		Coventry, CV1 2BH
Auditors		Bishop Simmons Limited
		Chartered Accountants
		Mitre House, School	Road
		Bulkington, Bedworth
		CV129JB
Agents		Godfrey-Peyton
		Chartered Surveyors
		Old Bablake, Hill Street
		Coventry, CV1 4AN
Stockbrokers		Quilter Cheviot
		Provincial House
		37New Walk, Leicester,		LE1	6TU

			Notes	2020	2019
Income
Investment income			3	303,134	391,211
Expenditure
Expenditure on raising funds			4	28,434	17,029
Expenditure on charitable activities			5	350,668	354,315
Total expenditure				379,102	371,344
Net (expenditure)	income			(75,968)	19,867
Net (Losses) Gains	on invesiment	assets	8	(167,026)	703,253
Net movement in	funds			(242,994)	723,120
Reconciliation offunds:
Total funds brought	forward			10,694,096	9,970,976
Total funds carried forward				10,451,102	10,694,096

					Notes		2020		2019
Fixed assets
Tangible assets
Land and buildings	held		for charitable purposes		9	700,531			724,423
Investments
Land and buildings	held		for investment		10	2,700,000	2,700,000
pmposes
Other Investments					11	6,318,405	6,488485
						9,018,405			9,188,285
Total fixed assets						9,718,936			9,912,708
Current assets
Debtors					12	93,678	33,065
CBFChurch ofEngland-short				term deposit		465,237	463/69
Bank balances						182,826	290829
						741,741	786,563
Creditors: amounts		falling due
within one year					13	(9,575)	(5,175)
Net current assets							732,166		781,388
Net assets						10,451,102			10,694,096
The funds ofthe charity:
Unrestricted funds:
Designated fund					14	9,718,936			9,912,708
Accumulated general		fimd			15		732,166		781,388
Total charity funds						10,451,102			10,694,096
The financial statements			on pages 12to24were		approved	by the Governors	and authorised	for
Bsue on 14July 2021 and are				signed on their behalf by:
Rev.DPoultney ...............							.(Chair)

3	Investment income				2020	2019
	Rental Income: Farms	and land			10,130	10,130
	Commercial property				134,737	150,657
					144,867	160,787
	Rights, wayleaves snd	sundry	income		711	757
	Dividends and interest	receivable		I'rom investment
	portfolio				154,829	222,538
	Interest on short term deposits				2,727	7,129
					303,134	391,211
4	Expenditure on raising funds				2020	2019
	Investment management	costs:
	Investment property expenses
	Legal fees - general	property			5,287	6,148
	Legal fees - development		project		12,420
	Insurauce				687	680
					18,394	6,828
	Property management	fees			10,040	10,201
					28,434	17,029

5	Expenditure on charitable	Expenditure on charitable	Expenditure on charitable	activites	activites	Activites	Grant
						undertaken	fuadiag	Total Total
						directly	ofactivities	2020	2019
	Schools
	General school	expenditure				7,003		7,003	26,583
	Depreciation					23,892		23,892	23,892
						30,895		30,895	50,475
	Grants:
	StMichael's C	ofEAcademy					72,773	72,773	26,715
	All Saints Bedworth Cof			BAcademy			17,850	17,850	61,605
	and Nursery
	The Canons C	ofE(Voluntary			Aided) Primary		47,325	47,325	31,563
	School
							137,948	137,948	119,883
	Other educational	grants:
	Henry Bellairs	Bursaries					112,040	112,040	109,925
	Other general grants:
	Nicholas Chamberlaine's			Hospital and
	Sermon Charity
	Other organisations						27,590	27,590	31,953
							27,590	27,590	31,953
						30,895	277,578	308,473	312,236
	Support and governance		costs -		see note	6		42,195	42,079
	Total expenditure	on charitable			activities			350,668	354,315

6	Support and governance	costs	2020	2019
	Accountancy fees		1000	525
	Bank charges and interest	paid	167	172
	Sundry expenses		1.323	1,349
	Audit fees		4,500	4,750
	Clerk's fees		31,293	28,750
	Trustees Insurance		1,058	1,058
	Founders Day costs			2,720
	Professional fees		2,854	2,755
			42,195	42,079

9	Tangible ftxed assets - Land	and buildings	held for charitable	purposes
	Cost				f
	At 31December 2019and 31	December 2020			1,194,618
	Accumulated depreciation
	At 31December 2019				470,195
	Charge for the year				23,892
	At 31December 2020				494,087
	Net book value 31December	2020			700,531
	Net book value 31December	2019			724,423
	Properties at cost at 31December 2020were:
	The Canons CofE(Voluntary	Aided) Primary School			495,298
	StMichael's CofEAcademy				509,322
	All Saints Bedworth CofEAcademy and Nursery				189,998
					1,194,618

			As at	As at	Income	Income
			31.12.2020	31.12.2019	2020	2019
				8
Valuation
Moat Farm			600,000	600,000	6,500	6,500
Land at Bedworth Woodlands			450,000	450,000	3,630	3,630
Units 34to	38BSydenham		1,000,000	1,000,000	87,229	109,877
Industrial	Estate
Chamberlaine		Court	650,000	650,000	41,680	40780
			2,700,000	2,700,000	139,039	160,787

Other investments		2020	2019
Market Value at start ofyear		6,488,285	5,667,359
Disposals at carrying value		(388,282)	(1,585,257)
Acquisitions at cost		349,126	1,619,051
Unrealised gains(losses)		(54,231)	523,765
Net movement offunds awaiting	investment	(76,493)	263,367
Market Value at end ofyear		6,318,405	6,488,285
Cost at 31December		4,720,088	4,796,581

11	Other investments continued	Other investments continued		2020	2019
	Summary ofinvestments	held in the UK			0
	Listed investments			5,256,915	5,441,393
	COIF Charites Investment	Fund		803,105	712,015
	Funds awaiting investment:	Brokers	capital accounts	258,384	334,877
	Market Value at 31December 2020			6,318,404	6,488,285
	The following investments	represent	more than 5%ofthe total holding:
				2020	2019
	COIF Charities Investment	Fund		803 105	712,015
12	Debtors			2020	2019
	Due within one year:
	Rents receivable			4,974	15,648
	Rent held by agents			77,332
	Brokers income accounts			10,827	15,906
	Prepayments			545	1,511
				93,678	33,065
13	Creditors			2020	2019
	Audit and accountancy			4,750	4750
	Invoice accruals			4,825	425
				9,575	5,175

				Transfer
			31.12.2019	designations	31.12.2020
					g
Capital	reserve	fund	9,912,708	(193,772)	9,718,936

Fund at 31December 2019	781,388
Net decrease in funds	(242,994)
Transfer (rom designated funds	193,772
Fund at 31December 2020	732,166

The carrying amounts ofthe	charity's fi	nancial instruments are as follo	ws:
			2020	2019
			E	8
Financial assets
Measured at fair value
-Land and buildings held as	investment	properties (note 10)	2,700,000	2,700,000
-Other investments (note 11)			6,318,405	6,488,285
Debt instruments measured	at amortised	cost:
Rents receivable (note 12)			4,974	15,648
Estate agent account			77,332
Brokers income accounts (note 12)			10,827	15,906
CBFChurch ofEngland-short	term deposit		465,237	463,269
Bank balances			182,826	290,229