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|---|---|---|---|---|
|Trustees' Report (Governors'<br>Report)||1|to|5|
|Independent<br>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|





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|FORTHE|<br> YEAR ENDED 31STDEC|<br>EMBER2021||
|---|---|---|---|
|||2021|2020|
|||Unrestricted|Total|
|||funds|funds|
||Notes|||
|INCOME AND ENDOWMENTS FROM||||
|Investment<br>income||386,798|303,134|
|EXPENDITURE ON||||
|Raising funds||53,354|28,434|
|Charitable<br>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)<br>on investments||26383|~112,795)|
|NET INCOME/(EXPENDITURE)||(59,311)|(188,763)|
|Other recognised<br>gains/(losses)<br>Gains/(losses)<br>on revaluation offixed assets||699865|~54,233|
|Net movement<br>in funds||640,554|(242,994)|
|RECONCILIATION<br>OF FUNDS||||
|Total funds brought forward||10,451,102|10,694,096|
|TOTAL FUNDS CARRIED FORWARD||11091656|10,451 102|





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||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<br>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<br>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<br>funds||11091656|10451 102|
|TOTAL FUNDS||11,091,656|10451 102|






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|3.|RAISING FUNDS|RAISING FUNDS|FOR|FOR|<br><br><br>THEYEARENDED 31STDECE|<br><br>MBER 2021|||
|---|---|---|---|---|---|---|---|---|
||Investment<br>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<br>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|



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|||||||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|



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



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|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<br>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||



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





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|FIXEDASSETINVESTMENTS - continued|FIXEDASSETINVESTMENTS - continued||||
|---|---|---|---|---|
|Cost orvaluation at31stDecember 2021 is represented||by:|||
|||||Other|
|||||investments|
|Valuation<br>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<br>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<br>Court|||42,180|41680|
||||1cI3667|144867|





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|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<br>funds|||||
|General fund|732,166|640,554|(698/83)|674,337|
|Designated<br>fund|9 718936||698,383|10417319|
||10451 101|640,554||11,091656|
|TOTAL FUNDS|10451 101|640,554||11091 656|




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|||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|





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|Comparative|s<br>for movement<br>in fu|nds||||
|---|---|---|---|---|---|
||||Net|Transfers||
||||movement|between|At|
|||At 1.1.20|in funds|funds|31.12.20|
||||||f,|
|Unrestricted|funds|||||
|General fund<br>Designated<br>fund||781,388<br>9,912,708|(242,995)|193,772<br>~193,772)|732,165<br>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)|



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|||FORTHEYEARENDED 31STDE|CEMBER 2021||
|---|---|---|---|---|
||||2021|2020|
|||||E|
|INCOME AND ENDOWMENTS|||||
|Investment<br>income|||||
|Rental Income|||193,667|144,867|
|Rights, wayleaves<br>and|sundry income||709|711|
|Dividends<br>and interest|receivable &om investment||||
|portfolio|||191,915|154,829|
|Interest on short term|deposits||507|2,727|
||||386,798|303,134|
|Total incoming resources|||386,798|303,134|
|EXPENDITURE|||||
|Investment<br>management||costs|||
|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|
|Charitable<br>activities|||||
|Sundries|||5,734|7,003|
|Depreciation oftangible||6xed assets|23,892|23,892|
|Grants to institutions|||347017|277,578|
||||376,643|308,473|
|Support costs|||||
|Management|||||
|Insurance|||1,058|1,058|
|Sundries|||2,243|1,323|
|Founders day fees|||1,543||
||||4,844|2,381|
|Finance|||||
|Bank charges|||93|167|
|Human<br>resources|||||
|Professional<br>fees|||7,663|2,854|
|Governance<br>costs|||||
|Auditors'<br>remuneration|||4,370|4,500|
|Accountancy<br>fees|||525|1,000|
|Carried forward|||4,895|5,500|





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|||DETAILED STATEMENT OF FIN|CTIV|IES|||
|---|---|---|---|---|---|---|
|||F RTHE YEARENDED 31STDECEMBER202|||||
||||||2021|2020|
|Governance<br>costs|||||||
|Brought forward|||||4,895|5,500|
|Clerk's fees|||||25,000|31/93|
||||||29,895|36,793|
|Total resources expended|||||472,492|379,104|
|Net expenditure|before gains and losses||||(85,694)|(75,969)|
|Realised recognised||gains and losses|||||
|Realised gmns/(losses)||on fixed asset investments|||26,383|i)12,793)|
|Net expenditure|||||~39,311)|i)88,763)|