2021-12-31-accounts - Nicholas Chamberlaine's School Foundation

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			Page
Trustees' Report (Governors' Report)		1	to	5
Independent Auditors'	Report	6	to	8
Statement ofFinancial	Activities
Balance Sheet			10
Notes to the Financial	Statements	11	to	18
Detailed Statement of	Financial Activities	19	to	20

FORTHE	YEAR ENDED 31STDEC	EMBER2021
		2021	2020
		Unrestricted	Total
		funds	funds
	Notes
INCOME AND ENDOWMENTS FROM
Investment income		386,798	303,134
EXPENDITURE ON
Raising funds		53,354	28,434
Charitable activities
Grants related expenditure		347,017	277,578
Schools expenditure		29,626	30,895
Other		42,495	42,195
Total		472 492	379,102
Net gains/(losses) on investments		26383	~112,795)
NET INCOME/(EXPENDITURE)		(59,311)	(188,763)
Other recognised gains/(losses) Gains/(losses) on revaluation offixed assets		699865	~54,233
Net movement in funds		640,554	(242,994)
RECONCILIATION OF FUNDS
Total funds brought forward		10,451,102	10,694,096
TOTAL FUNDS CARRIED FORWARD		11091656	10,451 102

	31STDECEMBER
		2021	2020
		Unrestricted	Total
		funds	funds
	Notes		f.
FIXEDASSETS
Tangible assets		676,639	700,531
Investments
Other investments	10	7,040,680	6,318,405
Investment property	11	2,700,000	2 700,000
		10,417,319	9,718,936
CURRENT ASSETS
Debtors	12	76,830	93,678
Cash at bank		612224	648,063
		689,054	741,741
CREDITORS
Amounts fiiiling due within one year	13	(14,717)	(9,575)
NET CURRENT ASSETS		674/37	732,166
TOTAL ASSETSLESSCURRENT
LIABILITIES		11,091,656	10,451,102
NET ASSETS		11,091,656	10,451,102
FUNDS	14
Unrestricted funds		11091656	10451 102
TOTAL FUNDS		11,091,656	10451 102

3.	RAISING FUNDS	RAISING FUNDS	FOR	FOR	THEYEARENDED 31STDECE	MBER 2021
	Investment management		costs
							2021	2020
	Legal fees - general	property						5,287
	Property repairs						19,870
	Property management	fees					10,054	10,040
	Legal fees - development		project				20,280	12,420
	Insurance						657	687
	Commercial property	expenses		- marketing			2,493
							53,354	28,434
4.	CHARITABLE ACTIVITIES COSTS
							Grant
							funding of
							activities
						Direct	(see note
						Costs	5)	Totals
	Grants related expenditure						347,017	347,017
	Schools expenditure					29 626		29,626
						29626	347,017	376,643
5,	GRANTS PAYABLE
							2021	2020
	Grants related expenditure						347,017	277,378
	The total grants paid	to institutions			during the year was as follows:
							2021	2020
	StMichael's CofEAcademy						42,725	72 773
	All Saints Bedworth	CofEAcademy and Nursery					47,893	17,850
	The Canons CofE(Voluntary			Aided) Primary School			69,997	47,325
	Henry Bellairs Bursaries						85,075	112,040
	Other organisations						29,277	27,590
	Nicholas Chamberlaine's		Hospital		and Sermon Charity		35,000
	Bedworth PCC						37,050
							347,017	277,378

						Human	Governance
				Management	Finance	resources	costs	Totals
					f,	E		f.
Other resources expended				4,844	93	7,663	29,895	42,494
Support costs,			included in the above, are as follows:
							2021	2020
							Other
							resources	Total
							expended	activities
							E
Insurance							1,058	1,058
Sundries							2,243	1,323
Founders	day		fees				1,543
Bank charges							93	167
Professional		fees					7,663	2,854
Auditors'	remuneration						4,370	4,500
Accountancy		fees					525	1,000
Clerk's fees							25,000	31,293
							42,495	42,195

AUDITORS' REMUNERATION	AUDITORS' REMUNERATION
			2021	2020
Fees payable to the charity's	auditors for the audit ofthe charity's	financial
statements			4,370	~4500

COST
At 1stJanuary 2021 and 31stDecember 2021
DEPRECIATION
At 1stJanuary 2021
Charge for' year
At 31st.December 2021
NET BOOKVALUE
At 31stDecember 2021
At 31stDecember 2020
Land and buildings are held for charitable purposes.
Properties at cost at31December 2021were:
The Canons CofE(Voluntary	Aided) Primary School
StMichael's CofEAcademy
All Saints Bedworth CofEAcademy and Nursery

MARKET VALUE
At 1stJanuary 2021
Additions
Disposais
Unrealised gains/(losses)
Net movement offunds awaiting	investment
At 31stDecember 2021
NET BOOKVALUE
At 31stDecember 2021
At 31stDecember 2020

FIXEDASSETINVESTMENTS - continued	FIXEDASSETINVESTMENTS - continued
Cost orvaluation at31stDecember 2021 is represented		by:
				Other
				investments
Valuation in 2021				2,292,180
Cost				4,748,500
				7,040,680
INVESTMENT PROPERTIES
FAIR VALUE
At 1stJanuary 2021
and 31stDecember 2021				2,700,000
NET BOOKVALUE
At 31stDecember 2021				2,700,000
At 31stDecember 2020				2,700,000
				As at
Valuation			As at31.12.2021	31.12.2020
Moat Farm			600,000	600,000
Land at Bedworth Woodlands			450,000	450,000
Units 34to 38BSydenham	Ind Estate		1,000,000	1,000000
Chamberlaine Court			650000	650,000
			2,700,000	2,700 000
Income			2021	2020
Moat Farm			39,699	6,500
Land atBedworth Woodlands			3,100	3,630
Units 34to38BSydenham	Ind Estate		108,688	93,057
Chamberlaine Court			42,180	41680
			1cI3667	144867

DEBTORS:AMOUNTS FALLING	DUE WITHIN ONE YEAR
			2021	2020
Rent receivable			5,720	4,974
Rent held by agents			55,222	77,332
Brokers income accounts			15,888	10,827
Prepayments				545
			76,830	93,678
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
			2021	2020
Audit and accountancy			4,620	4,750
Accrued expenses			10,097	~4825
			14,717	9,575
MOVEMENT IN FUNDS
		Net	Transfers
		movement	between	At
	At 1.1.21	in funds	funds	31.12.21
		E
Unrestricted funds
General fund	732,166	640,554	(698/83)	674,337
Designated fund	9 718936		698,383	10417319
	10451 101	640,554		11,091656
TOTAL FUNDS	10451 101	640,554		11091 656

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
Unrestricted	funds
General fund		386,798	(472,492)	726,248	640,554
Designated	fund
		386798	~472,492)	726348	640,554
TOTAL FUNDS		386,798	~472,492)	726,248	640,554

Comparative	s for movement in fu	nds
			Net	Transfers
			movement	between	At
		At 1.1.20	in funds	funds	31.12.20
					f,
Unrestricted	funds
General fund Designated fund		781,388 9,912,708	(242,995)	193,772 ~193,772)	732,165 9718936
		10694096	242,995		10,451,101
TOTAL FUNDS		10694,186	242 995		10,451 101

		Incoming	Resources	Gains and	Movement
		resollfces	expended	losses	in funds
		f,
Unrestricted	funds
General fund		303,135	(379,104)	(167,026)	(242,995)
TOTAL FUNDS		303,135	~379,104)	~)67026)	~242,995)