REGISTERED CHARITY NUMBER: 528672
TRUSTEES, REPORT AND
ANCIAL STATEM
FOR THE YEAR ENDED 31ST DECEMBER 2023
HOLAS CHAMBERLUN'E'S SCHOOL
UNDATIOF4
Amistrtsng5 ljishop SiDunons
Chartercd Accovnlants and Statutory Auditors
Gcthin Hous
36 Bond Str¢et
Nuneaton
Warwi¢kshire
CVII 4DA

HOLAS CHAMBERLAINE'S SCHOOL
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR EJ¥DED 31ST DECEMBER 2023
Page
Trn4ets' Report
I to 6
Report of the lrtdependent Audltors
Slxttment •f Flthandal Atlivits
10
B*lAnce Shtrt
Note5 lo the Financial Statement
12 to 19
Detailed St4temeDI of FIna￿tIll AetRvltle4
20 to 21

NICHOLAS CHAMBERLAINE'S SCHOOL
FOUNDATIO
TRUSTF.ES' REPORT
FOR THE YEAR ENDED 31ST DECEMBF.R 2023
The trustees present their r¢port with the finan¢ial statemenls of the charity for the year ended 31st December 2023. The
tnkstees have ad(FPtcd the pro￿510n5 of Accounting and ReportinB by Chariti¢s'. Stai¢m¢nt of Recomm¢nd¢d Prartice
4)plicable to charities preparing their a¢¢ounts in arcordance with the Financial Reporting Standard appli¢able in the
UK and Republic of Ireland (FRS 102) {effediYe l January 20191.
o￿ECr1VEs AND A(TivrriES
Objectives
The objects of the Foundation 4r¢ s¢t out in the 1970 Scheme made by the Secretsry of Stat¢ for Education and S¢ten¢¢.
In summary th¢s¢ fall into nwo categorie$:
Firstly to b¢nefit the s¢hools of the Foundaiion by..
- Maintaining school prerni5C5,
- Providing other benefits and religious instruction for the children atttndin8 th¢ sch)ol$.
includin¥ Sunday schools for the young persons in Bedworth and
- From tim¢ to time assisting in the provision of new Schools in the Urban District of Bedworth.
Secondty LO provide other Cd￿8110na] benefits for Bedworth residents (having r¢8ard to the princwles of th¢ Church of
Englaodl by-
- ProvidÉng flnancial assistance to ¢hildren and young people in Bedworth. and
. Providing financial ￿lStanCe to other charities and voluntary organisatiotts in the Bedworth area.
Th¢r¢ ar¢ presenily thTee Foundation schools..
- The Canons C Of E (Voluntary Aided) Primary School
- All Sainrs B¢dworth C of E Academy and Nursery
- St Michael's C of E A¢ademy
Adivitie5
Sthool
The Foundation r¢¢eives applications for grants from the head tra¢hets and management te*￿5 of the Foundation
Schools. Thes¢ appli¢ations may be for grants towards..
- The cosl of alt¢rations and repairs to the schools buildings. and
The provi5i0n of special benefjts of any kind nol norn￿1]y provided ￿1th]n the Local Ethication Authority and an
Academy Trust bud8Ct for each School, and th¢ ¢ost of r¢ligious In5tructiOll5 in accordance with the doctrines of the
Chur¢h of England.
Th¢ Foundation's Tn￿teeS (other than where the oblL8ation fa115 urx)n an Academy Trusi) Consider they have a primary
obligation to keep the Foundation schools in good repair and to respond io proposals from the Schoo15 for
rdnts towards such ¢osts. They a]so colltinue to respond to PToposais re£eived frorn the School hcad t¢8¢htrs and
manag¢m¢nl t¢ams to support projects and sth¢m¢s by w8y of Curriculum tkvelopment Grants, to meet the cost of
8p¢eialist l¢aming m#i¢tia15 and other educational resources.
Other grants
Other eduC￿lOn￿l grants are paid by way of "H¢nry Bellairs Bwsaries". These are grants available for the benefit of
hildren and young people who are about to attend. are attending or who hgye att¢nd¢d on¢ of the Foundation S¢hools or
who othenvise live in tbt Bedworth area. The Bursgries are norni8lly paid trj young people going on to fyrther I higher
education but may also b¢ paid ￿ ihose ¢nt¢ring a profession, trade OT calling. Grants 8re aimed t(>wards th¢ wst of
¢lothing, ix)oks, h)ols or InStru￿en1$.
Under the ternis olthe 1978 Charity Commission Scheme the TTUSlees have specific powers to au¥ment th¢ inconie of
Nicholas Chamberlaine's Hospital and Semion Ch•rity and grants may be paid each year. aft¢r ¢0th5ideration by th¢
TTUStees of applications r￿e1ved from that charity.
Applications for grants are A]50 received each year from other charities and voluntary organisations charitable
obje¢ts. The Trustees consider applications from those whose objects are th¢ education or improvernent in the
condition5 of life of bencflciaries IIvkiiB in th¢ Bedwoffh arei having partirular regard to th¢ promoiion of education in
the prin¢iples of the ChurGh of Lngland.
Page I

]YJCHOLAS CIIAMBERLAINE'S SCIIOOL
YOUNDATiof*
TRLTSTEES, REPORT
FOR THE YEAR ENDED 31ST DECEMBER 2023
OWECTIVES AND ACTIVITIES
Gr#nI￿18k1n¢ poliry
The Trnstees approve 8rants to the Foundation sch[￿]5 and others. as they think fit that further the objects of the
Foundation a¢ting within the ternis of the governing s¢hem¢s as out11t￿d abov¢.
ACHIEVEMENT AND PERFORMANCE
Charitable &ctivitie5
The FoundatiOD continued to make a positive contribution to the life of tbe FourNJation Schoo]s. m¢eting s¢ho0l
expenses of £25,625 {2022.. £28,339) and by grant5 totailing £740,041 (2022.. £159,481)
General grants benefitan8 the people and to￿ of Bedworth totalled £1 1.482 {2022.. £14,588} to oth¢r ¢harilies and
haritable or8anisation5.
Henry Bellairs Bursary Grants totalled £1 1,725 (2022.. £94215).
Despite the Cost of living crisis and ¢conomi¢ un¢¢rtainty the Charity has tried to sustain its funding to its beneficiaries
dyriDg the course of 2023. This is largely due to fjllancial disctsplille by the Trustees over time that has helped the Trust
w¢atheT the r¢¢¢nt financial ditTi¢vlti¢s ¢aus¢d by wronavin]s and more recently economic un¢ertainty.
The Charity has engaged fi￿h¢r with the S¢lKM)Is of the Foundation in 2023 hhving improved Communi￿tion GhaDne]s.
It h85 also pledged the sum of £750.000 to 855iSt the Schools of the Foundation and the5c payments will be rnade during
the course of 2023 and 2024 to improv¢ the thr¢e Foundation S¢hools and th¢ l¢arning experiences for its pupils.
The Charity eolltinue$ io provide funding foT biblcs for all pupils leaving the Foundation School$ and also bibles for
other schwls within th¢ old wban district of Bedworth.
The Charity hos funded a Musi¢ Mission¢r that visits th¢ Foundalion Sthools, and other &hools within the old urban
district of Bedwotth to t¢a¢h musi¢ skills wtth th¢ positive ¢ff¢tts this can have on young ¢hIldre￿ suGh a5 improvins
confidcncc.
In May the Charity Trustees were pleased to ce1cb￿C FO￿delS Day in memory of Nicholas Chamb¢rlaine. They were
joined by the S¢hools of the Foundaiion, repr¢s¢ntativ¢5 from four oth¢r I￿al schools, and the Nicholas Chamberlaine
Hospital and SernNTrn Charity.
Aside fro]n the Schools of the Foundation the Charity has provided funding for 5Pting and Summer clubs to ossist with
livities for young people over the sprin8 and summer 5ch(xyl holidays.
It Iw also provided funding for other
community groups and STK)rts club$ as8ist young people.
Th¢ Charity also provid¢s H¢nry B¢llairs Grants to students attending UniversAty that m¢¢t certain crit¢ri& and
Appreniiceship grants.
During the Course of 2023 the Chwity Trusie¢s haye also mad¢ ditTi¢uli d¢¢isions r¢lating to the s&ft-8uarding of th
sels of the Charity to ensure that the Charity can continue to provide gifls to the local community in Bedworth in the
fu1u￿.
FINANCIAL REVIEW
FiD¥DuAI position
The Foundation's in¢om¢ is gen¢rat¢d from its inv¢stm¢nts in land, building and se¢uritL¢S.
The ner Surplus for the year was £29.393.258 12022.. Incom¢ £46.666) whilst reV￿￿allOn gains on inv¢sttn¢TJt assets
totalled £324.641 {2022.. L05ses £510.435) with the resuh that the Foundation's fimds in¢rea5ed by £29.717,899 12022..
de¢r¢wd £463,769) to £40,345,786.
NiclM)1&8 C.hamberl8ine's ￿h0o[ Foundation does not en8a8e with any third paty to undertake xny fvtjd raising on it5
behalf.
P4g¢ 2

NICHOLAS CHAMBERLAINE"S SCHOOL
FOIIIYDATION
TRUSTEFS, REPORT
FOR TIIF YEAR EIWED 31sr DECKMBER 21123
FINANCIAL REVIEW
Inves¢meDt poliry and PerfOrn￿nce
The aim of the Foundauon is to manag¢ its holdings in land. buildings and securities so as to produ¢¢ a reliable SOUTCC of
inrome combinEd with modest capital growth. The Trustees do not undertak¢ spe¢ulalive investrneDts and a¢t with the
ice of the foutthation's $to¢kbrokers and land agent$.
Investments aT¢ revi¢w¢d no less than three ttmes every year at fijll Board Meetin￿ where the Tnk%tee5 reccive reports
from the sw¢kbrok¢rs and land agents. Performance of the inve5trn¢nts is monitored against suitable benchrnarks and
th¢ Trust¢¢s b¢licv¢ the Found41ion's investments ¢ontit)ue to generate a satisfactory r¢lurn ￿der ¢urretht market
¢oDditions.
Remrves PDIicy
The Trustees have designated a Capital R¢serye ¢qual to th¢ lat)d, building5 and investments held the resvlt the
Genenl Fund represents Fe50urce5 that could bc expended wthout reducin8 capital bas¢ of the FouDdation. At 31
Decembtr 2023 the General Fund balan¢¢ was £30,254.461 {2022.' £661,914).
It is the of the TThstee5 to maintsin the Gener81 Fund at such a level as to enable coniingenci¢s to be met and
ad¢quately ¢ov¢r net outgoing resour¢¢s arising fron) higher thaD llOrn]ai requests for gr8nts which are from lime to time
received. The Trusiees b¢li¢v¢ th¢ Qu￿ent leveis of reserves ar¢ sufficient to cover ¢onting¢nci¢5 that may arise.
It is noi the policy of th¢ Foundation to retain ￿CessIVe reserves.
Riik management
The Governors have given Ctsnsidcration to major risks to which the Foundation is expos¢d and have ins1i8ated systems
omd PToc¢dures deSi￿ed to miligate those risks.
FirruRE PLANS
Objectives And str*legles
The Trustees will ¢ontinue to make grnnts to th¢ S¢lKK>ls of the Foundation. eonsider applications in feSPECt of
Educational Gratrts and may mak¢ grants to the Ni¢holas Chambcrlaine's Hospital and Sern)on Charity. The Foundation
will also continuc to consider different are￿ of SUPTMTrrt for orsanÉsations and indiNrydual$ kn furth¢r th¢ objects of the
Foundation within the t¢nn$ of the S¢hem¢$ under which it operates. The Trustee5 will continue to promot¢ the objects
of the Foundation to tncouragc applications from those meeting the Foundation's Criteria.
Pvblk benefit
When plannin8 th¢ ¢hariiable a¢iivities, revi¢wing our siralegi¢ aiDJs and objective5 and at Twsl¢e$ meetings. d
Tru51e¢5 hY4ve paid Attention to the Chwity Commi5SiOD'5 guidanc¢ with ￿gard to our publi¢ bcnefit.
srRiJrfiJRE. GOVERNANCE AND MANAGEMEN'r
GoverniDg dotumtnt
The Foundation is a registered charity nurnber 528672. It is govtrn￿ by th¢ provisions of a scheme mad¢ by the
Secretary of Ststs forEducation and S¢i¢n¢e made on 16 De¢¢mber 1970
As vaTi¢d or affeGted by Clwity Commission Schemes made on l February 1978 and 30 December 1986.
Re¢rUitm￿t wpp0itrtn￿nI of Dew trustees
The Governors of th¢ Foundation are the Trustees ofthe Charity and they coDsist of..
- On¢ cx-tsffiGio T￿￿1¢¢ who 15 th¢ Rector for the tin)e being of the Eccle5iaslical Parish of All Saints. Bedworth.
Four Nominative Tnjstee who are appointed: On¢ by Cov¢ntry Diocesan Board of Educatio￿ I￿¢ by lh¢ Pamchial
Church Council of the E¢clesiasti¢al Parish of All Saiiits. Bedworth. one by Nuneatotx Borough Council and by
Warwickshire County Council.
- Seven Co-optative Tn￿te¢s.
Each Nominative Truste¢ appoiDt¢d by Wa)wickshire County CoufrKil holds olyice for J l¢Th ¢nding on the day of
appointm¢nl of his or her successor which follows hi5 or her retirement from the Council. Every other Nominative
TTU51ee holds office for four years.
Pag¢ 3

NICHOLAS CHAMBERLAINE'S SCHOOL
Fouf4DATION
TRUSTFFS, REPORT
FOR THE YEAR ENDED 31sr DECEMBER 2023
srRUCTURE, GOVERNANCE AND MANAGEMEiYr
Inductlon and tr41n1￿¥ ol n¢w trusttts
Co-optative TTr￿eS are people, through residen¢¢, occupation or employment Or oth¢rwise, that hav¢ special
knowledge of the area of th¢ fomier UJban DistriGt of Bedwortb. They are appointed for a tem of five y¢aT5 by
rcsolution of the Trustee5.
At their first meeting each yesr the Tr￿stees ele¢t on¢ of their nwnberto act as Chairnian of their meetinBS for that ycar.
On appoinknent a letter is sent to ¢a¢b new Y￿stee setting out inforn)ation regarding the Foundation and outlining the
dvtie5 ora ¢haTity Trustee.
Trustees arc encouraged to atlend external seminars and training courses.
All decisioTLS relating to the Foundation ar¢ tsk¢n by the Trustees, meet a5 a Board no less than six tim¢s peryear.
During eaeh year the TrI￿eeS consider the risks to whi¢h the Found￿10￿ is exposed and are 5ati5fi¢d ¢h8t systems and
Pl￿edUreS are iti place to mitigatc the risks th¢y have identified.
The Trustees of the Foundation are also Trusiees of Niehoias Chamberlatn¢'s Hospitsl and Serrnon Charity ￿thieh is a
r¢gistered charity (number 2169301 and is olso r¢gisl¢r¢d wilh the Homes & Communities Agency {￿gIStratIon nuEnber
AOS82). This charity is primarily involyed in the provision and rnana8ement of Almshous¢ accommodation.
REFERENCE AND ADMINisfRATtVE DETAILS
Registered Chality numb¢r
528672
Prlneip*l addre
clo Balld Hatton Button
Earlsdon Park
53-55 Butts Road
Cov¢mry
CVI 3BH
Trustees
Rev David Poulth¢y Chair
Mr5 Jenrtt¢ Jon¢5 (r¢5L8ncd 18.1.2023)
Robert Ma88S
Mrs April Gold
Mr Mark l.ancelott Gutteridge
rKeith Cottigan
Mrs Beryl Kni8ht
Mrs Judiih Knighi
Mrs Jane Corrigan
Mrs K Famier (appointed 22.3.2023)
Mr Robert Erskine (apwinted 12.7.2023)
Auditors
Armstrongs Bishop Simt￿N$
Chartered AGcountan15 and Ststutory Auditors
Gethin House
36 Bond Street
Nuneaton
Wan¥ickshir¢
CVI 14DA
p￿¢4

NICHOLAS CHAMBERLAINE"S SCHOOL
FOUNDATION
usrEES' REPORT
FOR THE YEAR ENDED 31sr DECEMBER 2023
REFERENCE AND ADMINISTRATIVE DETAIts
Bankers
Santander
Bootle
L30 4GB
CAF Bank Ltmitsd
25 Kings Hill Avenue
Kings Hill
West MallLll8
K¢nt
ME19 4JQ
Ckrk
D8niel Bl￿d
Band Hatton Button Soli¢itors
Solicitors
Bth)d Hatton Button
EJrlsdon Park
5.3-55 Butt Road
Coventy
CVI 2BH
A¥ents
Godfr¢y-P&yton
Charter¢d Surveyors
Old Bablake, Hill Street
Ctsv￿ty
CVI 4AN
Stockbrokers
Quilter Cbeviot
ProviD¢iai Hous¢
37 New Walk
L£icester
LEI 6TU
EVEwfs SINCE THE END OF THE YEAR
Inforrnatiort relaling to events sinc¢ the ¢nd of th¢ year 1$ given in the notes ts the financial ststemet)ts.
sTATEME￿r AS TO DISCLOSURE OF If4FORMATIOY TO AUDITORS
The 8ov¢rnor5 who were in office on the date of approval of ih¢se financial Slatrments have ¢onfirn)¢d, as far as thcy
are aware, that there in no r¢levant audit information of which the auditors are unaware. Each of the governors have
cottfimied that they have taken Stsps that th¢y ought ￿ have take]J as govcrnors in order to make th¢mselv¢s aware of
any relevant infornlalion and to establish that it has bttn communicated to the auditor.
TRUSTKLS. RESPONSIBILITY STATEMENT
The trustee5 are restx)nstble for preparill￿ th¢ Tru5tee5' Rtport and the financial slat¢m¢nts in accordance with
applicablc law and United Kingdom Accounting Standards {Uniled Kingdom Gener￿lY Acceptcd Accountin8 Pra¢ti¢e).
Pag¢ 5

NICHOLAS CHAMBERLAINE"S SCHOOL
FOIINDATION
TRUSTEES, REPORT
FOR THE YEAR ENDED 31STDECEMBER 21123
TRvsfELs' RESPONSJBILTTY sfAITMENf- t1mlti￿lled
The law applicable to charities in England and Wales, the Chariti¢s Act 2011, Charity (Accout￿ aJJd ReTM)rts)
Regulations 2008 and the provisions of the trust deed requires the trusiee5 to prepare finan¢ial stai¢m¢nis for each
fiDtncial yeRr which givc a true and fair ￿eW of the state of affairs of the charity and of the incoming resources and
appli¢#tion of restsurces, including the income and expenditurc, of thc charity for that period. In preparing ih05¢
finaTKial statements, the trustees aTe requr¢d to
select suitable accountin8 policies and then apply them consistently.
observe the method5 and principles in the Charity SORP:
make jud8ernents and estimates that sr¢ r¢asonable and prnd¢nt;
Prepa￿ thc financial statements on the going cotteern basis unless li is inappropriate to presume that th¢ Charity will
continu¢ in busin¢sS.
ljje tn]stees are r¢spo￿lb]e for ke¢ping proper accounting records whi¢h di%lose wilh reasonable HGcurdcy at any time
the financial position of the tharity and to enable them to ensure that the financial statements comply with th¢ Charities
A¢t 2011. th¢ Charity (Awowits and R¢ports) R¢gulations 2008 and the provision5 of the thwst deed. They are also
resw>llsiblt for safeguarding the assets of the charity and hence for tsking rel￿nable steps for the prevention and
detcction of fraud and other irregulprities.
Approved by order of the board of trustees on..
. and signed on its behalf by..
av
lthey- Truste¢
Pige 6

R￿PORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
IYICHOLAS CIJAMBERLAIP4E"S SCHOOL
FOUNDATION
Oplnlon
We have audi*d the flllancial 5tstements of NiclM)las Charnberlaine s SclM)ol FoundatiOA (the ¢hatity'} for the year
ended 31st Decemkr 2023 which ￿mprise the Stst¢m¢nt of Finan¢ial Activitie4 the Balance Sheet and notes to the
financial 5tht¢metk& including a summary of significant accounting poli¢i¢s. Th¢ fman¢ial rep)rtitig framework that h&8
been applied in their preparalton is appliuble law and UE)iied Krn¥dom Arcountill8 Standards (United Kingdom
Genually Acttpted A¢¢ounting Practice).
In our opinion the finan¢ial ststemettt$.'
give a true and fair view of the state of the charity's aff&irs as at 3 1st D¢¢ember 2023 of its incoming r¢sour¢es
and applicaiion of re50ur¢es, for the year then ended-
have been properly prepared in occordance with Unit¢d Kingdom Gen￿￿]Y A¢¢ept¢d AccoulltingPracticc; and
have been prepared in a¢cordanc¢ with the rcquirem¢nt5 of the Charities Act 2011.
B•$is for OPIDIOII
We conducted our audit ID aW)rdan¢¢ with Internation￿ Standards on Auditing (UK} {ISA5 (UK)) and applicabl¢ jaw.
Our responsibilities under those stsndards are further (kscribcd in the Auditors. responsibilitses for the audit of the
financial statem¢nts s¢ction of our rep)rt. W¢ ar¢ independent of the charity in accordance with the ethical requirements
Ihat are relevant to our audit of the financial s￿eMentS in the UK, including th¢ FRC'S Eihical Sthndard, aThJ we have
fijlfdled our oth¢r ethical r¢5pon5ibiliti¢s in 4¢cOrd￿¢¢ With these requirements. We b¢li¢ve that the xudit evid¢n¢e w¢
have obtained is suffirient and appropriate to provid¢ a bysis for our opinion.
CDnclusion5 relatin¥ to ¥oin8 cothcern
In auditing the fmancial ststernents, we have eoncllld¢d that the trNst¢es' use of the going concern basis of accounting in
the preparation of thc financial statcments 15 appropriate.
Based on the work we have perfomied. we have not identified aThy rnaterial wjcertainties relating to events tsr conditions
tha( individually or collectively, may ￿$t signifi¢ant doubt on the ¢hority's ability to Continue as a going eoncem for a
p¢riod of at leasi twrlve months from when the firtan¢ial statements are authorised for issu¢.
Our r¢spotk$ibilitie$ and th¢ r¢$ponsibiliti¢s of th¢ Irustees with rcspect to going concern are d¢￿ribed in the relevant
5CCtton5 of thi5 report.
Otber infonnatMbD
The ttwstees are responsibl¢ for the other information. The other iDfomiition ¢omprises the infonnation includ¢d in the
Annual ReporL other than the financial tstements and our Rew)rt of the Ind¢p¢nd¢nt Audilors thereon.
OUT opinion on the financial statements does ￿t cover the other irthmMtion and, ¢x¢¢pt lo ihe extetrt otherwryse
explicitjy stated in rep)rt, we do not expr¢ss any fom of a*suran¢e ¢on¢lusion thuwn.
In connection with our audTt of the fina￿la] stat¢m¢nts, our responsibility is to Tead the other infonnation and, in doing
so, consid¢r the oth¢r infomlltioth is materially incottsisteni with the finsncial 3tat¢ments or our kt)owledge
obtained in the audit or otherwisc appears to bc m&teri&lly misststed. If we identify such material inconsisten¢i¢5 or
apparent mat¢rial MIS￿al¢m¢llts, we are required to deterniinc wbetbcr thi5 giv¢5 rise to 8 material misstat¢m¢nt in the
financial statements themselves. Ir. based on the work we have perfornied, w¢ wnclude illat there 15 a mal¢ri81
misstat•n¢nt of this othu inforn)ation, we #r¢ r¢quir¢d to rcport ihal (acl. We have nothmg to re￿rt in this r¢gard.
M*tters on whi¢h we are required to report by exceptlOD
We have nothiE)g to report in resr*ct of the following matters where the Chariii¢s (A¢¢ounis and Report5) Re8ulatio
2008 r¢quir¢s us lo report to you if, in our opinion..
the information given in the tTUStees Report 15 inconsistent in any malerial r¢S1￿￿With the financial statements. or
$uffi¢i¢nt ac¢vuntin¥ r¢¢ords have not been kept; or
the financial statcments are not in agrttrnent with the accounting records and rebjrns. OT
we have not received all the infOrn￿lion and explanations wt require for our audit.
Page 7

REPORT OF THE INDEPEIYDKNT AUDrroRS TO THE TRUSTEES OF
NJCHOLLS CIIAMBERLAINE'S SCHOOL
F04JNDATION
RtspDn51bllftRes of tru$t¢es
As explain¢d more lully in the Trustees. R¢s]y)nsibiliti¢s StatcmenL the trustees ar¢ T¢sponsÈbl¢ for the preparation of the
financial statements which ￿ve a true and fair view, and for such Anicrnal control as the tnL%tees deterniin¢ is necessary
to enable the preparation of finallcial stst¢m¢nis ihai ar¢ free from material misstat¢menL whether due tr> fraud or error.
In preparing the financial statenKnts, th¢ tr￿￿¢¢$ are r¢5ponsible for assessing th¢ charity'5 ability to ¢¢)ntinue a5 a going
ncem. disclostng, as applicable. matters related to going ¢ort¢ern and using the going ¢on¢ern b￿lS of accounting
unless ihe tn￿te¢S either ithend to liquidate the charity or io ¢e&se operations. or haye realistic gltemative but to
Our responslbllltles for the iudit of the fin8RCjg1 statements
We hav¢ been appoinled a5 auditors under Sedion 144 of the Charities Ad 2011 and report in accordance with the A¢t
and relevant reBulations made orhaviD8 effect thereund¢r.
Our objeLtives are to obtaiti reasonable assurance about wh¢th¢r the financial statemenls as a whole ￿¢ free from
material misstatemettt, wl*ther due to fraud or error, and to i55ue a Report of the Independent Audilors that in¢lude5 our
opinion. Reasonable 8ssuran¢e is a high level of &ssuran¢¢, but is not a guarantcc that an audit ¢othducted in accordance
with ISA5 (UK) will always ddect a materEal missthtemeiit when it exists. Misststements caii ar15e from fraud or error
and are con5id¢r¢d material if, it)divtduatly or in the agwgat¢, Ihey could reasonably b¢ expectcd to influet)¢e th¢
economic decisions of users tsken on th¢ b&%is ofth¢se finan¢ial statcn]ents.
The extcni to which our pro¢¢dur¢s are capable of detecting irr¢gularitAes. iDcludin¥ fraud is dethlled below:
Based ort our undeth8nding of the Charity. wc idenlÉfied that the prinGipal risk5 of non-compliaDce with laws and
regulations related to ihe industy, and we ¢onsidercd the exteni to Mthich notJ-¢omplianct mi8ht have a material ¢ff¢¢t
on the financial ststements. We aIso consrdered those lam¥ and regulations that have a direct impaGI on the fJtwi¢ial
5ratements such as the Charities A¢1 2011. We evaIuated management's in¢¢ntives and opportunitie$ for fraudulent
manipulation of the financial statements (including tbe risk of ovenide of controls) and d¢t¢miined that the principal
risks were related to P05ting unusual journal entries to increase revenue and profits or the tnanipulation of o¢counting
estimates whiGh could be subject to management bia5. Audil p￿edureS perfornied by the en8ag¢ment team included-
-Enquiry with management. tlK)se charged with gOvern￿￿e arowid actual and PDteniial litigation alld claims.
-Re￿¢￿Trng finan¢ial statement disclosures and testing to supportit)g doGumentation to assess u)mpliance applicable
laws and regulations.,
-Perforn]ing audit over the risk of mana8ernent override of ¢ont￿lS. includin8 testing of journal entries and other
adjustments for appropriateness. evaluating the busitjess rationale of 5ignifie4nt transa¢tjOlkS outside the nornlal course of
bu$ines5 and reviewing a¢¢ounting estimates for bi&s',
-Perforniin8 audit work over the risk of underststement of ineon)e iDcludin8 analyti¢al Teview and obtaining
¢orroboraied explanalions from mana8¢metit.
There are inheretrt limitations in th¢ audit prottdurcs described above. We are less likely to be¢om¢ aware of ins¢an¢es
of non-compliance with laws and regulalions that are not ¢hs¢ly related to events and tran$a¢tion5 reflect¢d in the
financial siaiements. Also. the risk of not dde¢ting a mateTial misstatemert dve to fraud is highcr than the risk of JM)I
detecting one resulting from ¢rror. as fraud rnay iThvolve deliberat¢ con¢eaiment by. foT ex8mpl¢. forgery or intentional
misr¢pr¢s¢ntations, or through collusion.
A furthey d¢suiption of our responsibilities for ihe audit of thr financial statements is lo¢ated OD the Financial Reportin8
C.ouncil's website at wNTrv.fr¢.org.uklauditorsresponsibilitie5. J'hi5 d¢s¢riplion forffts part of our Report of th¢
Indcpcndcnt Auditors.
Page 8

REPORT OF THE INDEPET4DF.Nr AUDITOILS I'O THE TRUSTEES OF
NICHOLASCHAMBERLAINE'S SC.HOOL
OVNDATION
Uje of our report
This report is made solrly lo the charity's tr￿tee5. a body, in ac¢ordan¢¢
I Part 4 of th¢ Choriti¢s (Accounts and
R¢portsl Re8ulation5 2008. Our audit work has been undertaken so that
e rni8ht state to the charity's th￿ie¢S those
matters we are required lo state to them iii
auditors. re
ther purpos¢. To the fullest extent pemitted by
law. we do TM)t accept or assume responsib
lity to
yone oth
ech
and the Chari￿S trustees as 2 1)ody, for
our audit work, for this report. or for the op
iOtrL8 w¢ hav¢ fo
Tth
ng5 Bishop
artered A¢w
Bethin House
36 Bot)d Stree
NuDeaton
Warwi¢kshire
CVI 14DA
Im
Isjnd StatU￿ry Aud.
PaB¢ 9

NICHOLAS CHAMBERLAINE'S SCHOOL
FOUNDATION
STATEMENT OF VANAf4CIAL ACTIVITIES
FOR THE Y
R ENDED
1ST DECEMBER 2023
2023
Unrestricted
nds
2022
Totsl
funds
Notes
INCOME AND ENDOWMENTS FROM
tnv¢stment inwm¢
434,049
381.531
EXPEIYDrruRE ON
Raising fullds
21,780
37.382
Charitable •rtivi¢ies
Grahts related expendithre
Sc]MX)15 ¢xpendiiur¢
944.446
25.025
306,934
28.339
75,806
52.334
Tot#1
1,067,657
424.989
N¢t gains on investmenis
30.026.866
9¢>.124
ETINCOME
Other reeogttistd gaiDsl(knsse5)
Gainsl{losses) on revaluation of fixed assets
29.393.258
46.666
324,641
(510,435)
Net movement In fuDds
29.717.899
{461.769)
RECONCILIATION OF FUNDS
Tota] fund5 brousht fonvard
10,627.887
11,091.656
TOTAL FUNDS CARRIED FORWARD
40,345,786
10,627,887
Th¢ not¢s fonn part of these finyn¢ial 51at¢m¢nts
Page 10

NICHOLAS CHAMBERLAINE'S SCHOOL
FOUNDATION
BALANCE SHEET
31ST DECE.MBER 2023
2023
Unre5trirted
fi]nds
2022
Total
futhdl
No*s
FIXED ASSETS
Tan￿ble assets
IDveÈtments
Inve5tm¢nts
Investmen¢ property
628,855
652,747
10
6.775,117
32,601214
6.613,226
2.700,0011
40,005.186
9,965,973
CURRENT ASSETS
Debtors
Cash at bank
12
67,750
285,214
58,799
613,689
352,964
672,488
CREDITORS
Amounts [￿ling du¢ within one year
13
{12,364)
110,574)
NET CURRENT ASSETS
340,600
661,914
TOTAL ASSETS" LE&5 CURRENT
LIABILITIES
40,345,786
10,627,887
NET ASSETS
40.345,786
10,627.887
FU.NDS
Unrestricted fvthds
14
40,345,786
10.627,887
TOTAL FUNDS
40.345,786
10.627,837
tements were appjoved by thc Board of Trustees and authorised br issue
. and w¢r¢ Signed on its behalf by..
on
Avid PouhtLey- Tryste¢
Th¢ nirt£5 fonn part of th¢5¢ fin8n¢ial statements
Pag¢ll

NICHOLAS CHAMBERLAINE'S SCHOOL
FOIINDATION
IYOTES TO THE FINANCIAL srATEMEf￿ll5
FOR THE YEAR EIYDED 31sr DECEMBER 2023
ACCOUNTING POLICIES
Basis of pre￿rIng the f￿￿￿¢1￿1 staterneDts
The financial st4tcments of the chariiy. whi¢h is a publiG b¢n¢fit entity under FRS 102, have been prepwrd in
aceordance with lh¢ Charities SORP IFRS 102) Accounting and Reportin8 by Chariti¢s.' Sthic￿ent of
Re¢omm¢nded Prartice applirAbk to ¢h8rities preparing their accounts in a¢¢ordance wth the Finan¢ial
Reporting Stsndard appli¢abl¢ in the UK and Republi¢ of Ireland IFRS 102) (effective l January 2019),,
Financial Reporting Standard 102 The Finan¢ial R¢porting Stsndard app1]￿ble in the UK and Republi¢ of
Ireland, and the Thariti¢s A¢1 2011. The financial 51atements h8ve been prepared und¢r rh¢ historical cost
tonvention, wilh the exception of investm¢nts whi¢h are in¢]￿jed at maTk¢t valu¢. as modifie4J by the revalualion
of certain assets.
The fin#ncial ststem¢nts are presented in 5terlin8 which is the functional curr¢n¢y of the charity and rounded to
the nearest £1.
Th¢ significant a¢¢ountitig policies appli¢d in th¢ pr¢paYation of these finathcial statements are set out bclow.
These poli¢ies have been wnsistently applied to all y¢8rs pr¢sented un1¢58 oth¢rwise stated.
Critical accountillg judgements and key $ourct5 of estImAt￿n unc¢r¢*iThty
In the appli¢atiotb of the Company'5 accountin8 polieies, which at¢ described xn not¢ I, th¢ gove]Mrs ￿¢
required to make judgements, estimatss and assumplions the caThying value of assets liabilities 8xe
TKYI readily appar¢ni from other sourcc5. The estimates aTtsI ￿d¢rIyl￿g assuryiplions are based on historical
exptTi¢nce a[￿ other factors that are ￿nSidered to be relevant. Actual results may differ frtsrn these estimates.
The ¢5tiThates and underlying &8sumptions a￿ reviewed oll ongoing basis. Revisions to a¢countin8 estimates
are reCo￿lSed in th¢ prriod in which the estimate 15 revised if th¢ r¢vision aifects only that p￿10d or in th¢
period of the revision and future periods ifthe revision affeG15 both current and futyr¢ periods.
The key sources of estrmalion unc¢rtainty that have a Signifi￿￿* effe¢t on the arno￿)ts recogni￿d in the fit￿la1
statCJllEnts d¢seribed b¢low.
As described in note 9 to the financial st*ements, the 3 schoo15 of the foundation ar¢ statrd at hi510ri¢￿ ¢osL In
view of th¢ fa¢t that there 15 Dot a r¢sa]e markeL it would be ditTi¢ult io obtatn a m¢aningfvl market valuation ond
the charity would not 8ain any benefit from in¢urring th¢ G051 ofdoin¥ 50.
lttcome
All In￿me is recognised in ihe Statement of Finan¢ial Activities onc¢ the chaTity has enlitlenKnt to the fuDds, it
is probable that the incom¢ will b¢ ￿¢)Ved and the amouth can b¢ me&sured reliably.
IDv¢stmeNt intome
Investsn¢nt income ts earned through holding assets for in￿$￿1¢￿1 purposes such 8s shares and property. In
in¢ludes dividends, interest and rent. It 1$ included whrn th¢ arnount can be ￿￿¥S￿red reliably.
It)t¢￿S[ i]Jcome is rccognised using th¢ eff¢¢tiv¢ int¢rest meth(KJ and dividend and rent in¢om¢ 15 recognis¢d as
the charity's right io r¢¢eive payment is e5tablrshed.
Expendilur¢
Liabililie5 arr rccognised as expenditur¢ as 500n as lh¢￿ is a legal OT constructive obligation committing the
dharity to that expendilur¢, it 15 probabl¢ that Y4 transfer of economic benefits Nyll be required in settlement and
the amount of the oblygation can be measured ￿ liably. Expenditure is accounted for on an a¢¢nthls basis and has
been classified under h¢adings ihat aggregate all cost related to the cat¢gory. Where costs Cat￿01 be directly
attributed io pani¢ular headings they hav¢ b¢¢n allo¢ai¢d to attivilies OM a basi5 consisknl with the use of
resources.
Grants tsfferd subjeet to conditions whi¢h have not bee]] rnet at the y¢ar ¢nd date are noied as a Gommitmeni but
not accrued Is expenditure.
Page 12
ontinued...

NICHOLAS CHAMBERLAlh'E'S SCHOOL
FOUNDATIO
NOTES TO THF FINANCIAL STATEMENI3- conlinued
FOR THE YEAR ENDED 31ST DECEMBER 2023
ACCOUNTING POLICIES- conthilled
Expenditure ralslng f¥n¢
The cost of raisit)8 fijnds con5i5ts of inve$tm¢nt property expenses, including prop¢rty managem¢nt fees arld
investhient management fees relatiog ￿ th¢ Fowjdation's inv¢siment ￿rtfOlIO.
Expendi￿re ehttritsble Adiviti
Costs ofcharitabl¢ activities include expenditure on and grants to fo￿￿ation 5cknols, other educational grants to
itrjividuals and general grants to oth¢r orgattisations 8nd charities. The cost of ¢haFitable activities a150 in¢ludes
general support costs. As support costs are not CDnsidered stgnificant in total they are not analysed over the
various diff¢r¢ni ¢hariiable aetivities to which they relate.
T*ngib]e fixed issets
All assets Costing more than £l.000 are capitslised al c05t. Depre¢i*ion is charged against prop¢rties held for
¢baritsbl¢ purpos¢& being school buildings, on a strai8ht line basi5 over their e5timatrd useful liv¢s of 50 y¢ars
Investment pmperty
Inv¢slmeni prop¢rty is s￿)Wn at most recent valualion. Any aggr¢g8t¢ swplu5 or deficit arising from Changes in
fair value is r¢¢ognised itl the Statemeni of Financial A¢tivities.
Taxstirtrn
The Charity is cxempt from tax OD its charitsbl¢ a¢iivities.
Fund ieeounting
UJJr¢strid¢d funds ean be ￿ed in accordancc with the charitable objectives at the dI￿retiOn of the tru$t¢es.
R¢striGted (unds can only be used for particular restricted purp)ses within the obje¢ts of the charity. Restri¢tions
arise when Specified by ihe donor or when funds are raised for particylar restricted pur￿)$¢$.
Further explanation of the and pUr￿>s¢ ofeach is included in the noles to th¢ finathci81 stat¢m¢nts.
IDve$ln)eDts
Investments are stated at estimated market value 8t the Balance Sheet date, inveslmrnt properties b¢ing valued by
th¢ Govemvt5. on an existing use open market value and other tnvesfft*rt% by the Foundation'5 Sto¢kbrok¢r5.
et gains and 10ss¢s orisin¥ on revoluaiion And di$pts5ats throughout the yegr pr¢ included in th¢ Stat¢ment of
Finan¢ial Artiwtie5.
Debtors Ind creditor5 receivabklp*yable within on¢ year
De￿orS and creditors with stated int¢r¢sl rate and receivabl¢ or payable within one year are reurded at
traThsaction price. Athy 10&%¢5 arising from impainnent ar¢ ￿￿nIStd as expendilvre.
Cash at bank and tern deposlts
Cash at bank includes short t¢rni higmy liquid investments with a short maturity of three rnonths or less from the
date of acquisition or openin8 of the deposit or sirnilar a¢￿U￿L
Provision$
Provtsions are recognis¢d Mljere the foundation has an obligation ai the bala￿¢ sh¢¢t datr 45 a ￿￿11 of a past
evenL it is probable that an othflow of economic benefits will b¢ required in s¢ttl¢menl and the amount can be
r¢liabty estimated.
FI￿￿¢5#1 iDs¢rum¢nts
The Foundation only has fitwi¢ial assets and financial liabilities thai qualify as basic fjngncial itWn￿c￿t5. Basic
finan¢ia] in￿rumentS are itjiiially reCo￿lsed 41 transaction valu¢ and subsequently measure4J at their settlemcrtt
value.
Page 13
¢ontinued...

NICHOLAS CHAMBERLAINE'S SCHOOL
FOUNDAAION
NOTES T
OR THE YE
STATEME
-co
ed
EP4D
MBER2023
It¥VESTMEvf INCOME
2023
2022
Rentsl Income
Pights.wayleav¢s and Sundry income
Divid¢nd5 and intejysi receivable from investtnent portfolio
Int¢r¢st on sI￿t terni deposits
200,356
722
215292
17,679
180,197
722
193.014
7,598
434,049
381.531
RAISING FUNDS
InV¢stm¢￿t ￿anagement eosts
2023
2022
Property r¢pairs
Property management fees
Le8al f¢es- development project
Insurance
(15,589)
9,875
19,781
7,713
3,229
9,403
18,OlX>
6,750
21.780
37,382
CHAR￿ABLE AcrIvrrIES COSTS
furtding of
aaivities
(see Dote
Costs
5)
Totals
Grant5 related ¢xpu)diture
Schoots expenditure
944,446
944.446
25.625
25,625
25,625
944,446
970.071
GRAIYTS PAYABLE
2023
2022
Grdnts Tclated expendithwe
944.446
306,934
Th¢ to￿ grgnts paid to institlltiotts during the year was as follows..
2023
2022
St Michel's L of E Academy
All Saints Bedworth C of E Acsdemy Nursery
The Canorts C of E (Voluntgry Aided) Primory Schcol
Henry Bellairs Bursaries
Oth¢r organisalions
Nichola5 C.hamberlaine's 1105Pital and Sennon Chority
B¢dworth PCC
340,705
215.263
184,073
17.525
11.452
133.860
41,538
79.975
11.242
68,264
94.215
14.588
38,650
944.446
306,934
Pa8¢ 14
continued...

NICHOLAS CHAMBERLAINI E'S SCHOOL
FOIINDATiof4
NOT
TO
HE FIN
IAL STATEM
FOR TIIE YEAR ENDED 31ST DECEMBER 2023
- CODtin
SUPPORT c￿S1.5
Govtrnance
Ma]thgerncnt
Finance
To1￿$
Other resour¢es expended
5.982
158
69,666
75.806
s￿port Costs. included in th¢ 4bov¢, as follows:
2023
Other
resour¢es
expended
2022
a¢tiviti¢s
Insuran¢¢
Sundries
Founders day fee$
Bank chargc5
Auditors. remunemio
Professional fees
A¢countan¢y f¢¢s
Other legal and professional fees
1,147
,931
2,904
158
2.790
29267
4,045
33.564
1,116
852
4,207
42
4,750
10,297
1,070
30.000
75,806
52,334
AUDITORS, RF.MLTrIF.RATTO]
2023
2022
Fees payable to the chaTiWs auditors foT th¢ audit orth¢ charity's f￿ancial
5tatemettt8
2.790
4,750
TRUSTEES, REMUNERATION AND BENEFrrs
There were no trustees, remuneration or other benefits for th¢ yw ¢nd¢d 31M Dec¢mber 2023 nor for the year
end¢d 3151 December 2022.
Trustees expense
The trustees meeting costs amounted to £971 {2022.. £446).
Pase 15
continued...

NICHOLAS CHAMBERLAINE'S SCHOOL
FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR TIIE YEAR ENDED 3JST DECEMBER 2023
TANGIBLE FIXED ASSETS
L8nd and
building$
held for
¢hhritsble
purposes
COST
At 1st January 2023 and
31st De¢emb¢r 2023
1,194.618
DEPRECIATtON
At 1st J8nuary 2023
Charge for year
541.871
23,892
Al 31st D¢c¢mb¢r 2023
565.763
NET ROOK VALUE
At 31st December 2023
628,855
At 31st DecemFKr 2022
652,747
Land and buildings are held for charitable purpose5.
P￿￿rtIeS •t tost #t 31 December 2022 were:
The Canons C of E (Voluntary Aided) Primary Sch￿1
St Michael's C of E A¢ad¢my
All Saiths Bedworth C of E knad¢my ¥nd Nursery
495298
509,322
189.998
1,194,618
FIXED ASSET If4VLsfMEIYTS
Other
investments
MARKET VALUE
At 1st J&nu8ry 2023
Additio
Disposals
UnT¢ali$ed gainsl(losses)
Net movcmcnt of funds awaitins investment
6.613,226
2.045.488
(1183.726)
326,357
{26,228)
At 315t DeG¢TDber 2023
6,775.117
NET BOOK VALUE
Al 3 Isl December 2023
6,775.117
At 3 1st D¢c¢mbeT 2022
6,613226
There were ￿ investtnent &ssets outside the lJK.
Pag¢ 16
ontinued...

ICHOLAS CHAMBERLAtNE"S SCHOOL
FOUNDATION
STO
INANCIAL STATEMENTS. continued
EAR ENDED
io.
FIXED ASSET IIYVESIMLNTS- continued
Cost or valuation ￿ 31s1 Dettmber 2023 is repres¢Dt¢d by..
irwestmcnts
Valuation in 2021
Valuation in 2022
Valuation in 2023
Cosl
2292.180
727,337)
161.823
5.048.451
6.775,117
li.
INVESTMENT PROPERTY
FAIR VALUE
At 1st January 2023
Revaluation
2,700,000
29,901,214
At 31st December 2023
32,601,214
NET BOOK VALUE
At 31rt Der¢mb¢r2023
32.601,214
At 31st De¢ember 2022
2,700.000
AsAt
31.12.21123
29,510,116
465.555
1,767,856
857,687
Asa¢
31.12.2022
600,000
450.000
1,000000
650.ODO
Valu)Itlon
Moat Fann
Land ai Bedworth Woodlands
Unir5 34 to 38B Sydenham Ind Est4le
Chamberlain¢ Coyrt
32,601,214
2,700,000
ltseome
2023
2022
Moat Farm
Land at Bedworth Woodlands
Units 34 to 38B Sydenham Ind Ertate
Chomberlaine Court
9.565
2.810
136,520
51,461
6,983
3.100
124,750
45J64
200,356
180,197
The inveslmenl property independentty valued by G0dfreY-Pay￿n, Chartcred Surveyors as at 3 IDecember
2023 on 5th July 2024.
Pag¢ 17
COMinued...

NICHOLAS CHAMBERLAIIYE'S SCHOOL
TrOUNDATION
NOTES TO THE FINANCIAL STATEMENTS- CODtjDued
FOR THE YLAR ENDED JIST DECEMBKR 2023
12.
DEBTORS: AMouMf6 FALLING DUE WITHIN ONE YEAR
2023
2022
Rent reeeivable
Reni held by agents
Brokers i￿orn¢ account5
4,810
34,563
28,377
3,670
33.456
21.673
67.750
58,799
13. CREDITORS: AMOUNTS FALLIliG DUE WITHIN ONE YEAR
2023
2022
Audit and accounlancy
A¢cru¢d exp¢nses
2,790
9.574
4.750
5,824
12.364
10.574
14.
MOvEmE￿r IN FUNDS
Net
mov¢ment
in funds
Transfen
b¢tw¢¢D
fimd$
At
31.12.23
Ai 1.1.23
Unrestricted ￿lldS
General fund
De51gThated fund
661,914
9,965,973
29,718,070
(171)
(125,523)
125,523
30,254,461
10,091.325
10,627,887
29,717,899
40,345,786
TOTAL FUNDS
10.627,887
29,717.899
40,345,786
Net movement in funds, included in the above ar¢ ￿ follows."
Incoming
resources
R¢50urccs
expend¢d
Gains and
losses
Movernenl
in funds
Unrestrided
GerKral fi]ThJ
Designated fund
432.930
1,119
(1.067.657)
30.352,797
(1290)
29.718.070
(171)
434,049
(1.067,657)
30,351,507
29,717.899
TOTAL FUNDS
434,049
(1.067,657) 30,351,507
29.717,899
Pag¢ 18
continued...

NICHOLAS CHAMBERLAINE'S SCHOOL
FOUNDATIO
IY01'bS TO THE FINANCIAL STATEMENfs- CODiinued
FOR THE YEAR ENDED 31ST DECEMBER 2023
14.
MOVEMEKf IN FUNDS- ¢ontinlled
Comparatives for movemeDt in funds
Net
rnovcment
in funds
Tronsfers
between
funds
At
31.12.22
At 1.1.22
UNrestrirt¢d fuDd5
Qeneral fund
Designated futml
674.337
10,417,319
{463,769}
451,346
(451,346)
661,914
9,965,973
11,091.656
1463,769)
10,627,887
TOTAL FUNDS
11.091,656
(463,769)
10.627.887
Comparative n¢t moven]¢nt in funds, ineluded in the above are as follow5=
tncorning
resou￿¢$
R¢souw¢5
expended
Gains and
losses
Movcment
in funds
Unrtstrlc¢¢d
General fulld
381,531
(424,989)
(420,311)
(463.769)
TOTAL FUNDS
381,531
{424,989)
(420,311)
1463,769)
Tht fund5 of the charity in¢lud¢ the capital reserv¢ fDnd-designated filrxl which has b¢¢n set aside out of the
unrcskncted funds by the GovertK)rs for specifie purposes.
Ihe capitsl reserv¢ fund represent th¢ value of13nd, buildings and investments. The a¢¢umulated genera] fimd
therefore represents the tolal resources that could be expendcd without r¢du¢it)g the capital base of the
FO￿d￿lOn.
15.
COI¥NECTED CHARITIES
The Ni¢holas Charnberlaine's Hospital and Sem￿￿ Charity. which bas common Tw$t¢es, 15 involvcd in the
operation of Almshous¢y and similar 8￿MModatiOn. Grants were paid to the H05Pltal and Sem)Dns Charity
during the year £133.86012022: £Nil)
16.
POST BALANCE SHEET EVENTS
After ihe year end the charity disposed of part of the investsnent property ￿ Hospi181 Lane. B¢dworth for
£29.300,116.
Page 19

NICHOLAS CHAMBERLAINE'S SCHOOL
Fouf4DATION
TAILED STATEMENT OF FINAJ¥CIAL ACTIVITI
FOR THE YEAR ENDED 3JST DECEMBE
2023
2023
2022
INCOME AND ENDOWMENTS
InveslrneTh¢ Iocome
Rental Income
Rights.wayl¢AYes 8nd sundry income
Dividends and inteKst receivable from
investment portfolio
InteY¢st on short tern) deposits
21KI.356
722
180,197
722
215.292
17.679
193,014
7.598
434,049
381,531
Total ineomiDg resouree$
434.049
381,531
EXPENDrruRE
Investment mgn8gemenl ¢Mts
Property repairs
Property manag¢ment fees
L¢gal fe¢5- development proj¢¢t
Insurance
(15,589)
9,875
19,781
7.713
3.229
9,403
18,000
6,750
21.780
37.382
Charitsble *ctivitles
Sundries
DcpT¢¢iation of tangible fixed a55¢ts
Grants to ]￿li￿tionS
1.733
23,892
944.446
4,447
23.892
306.934
970.071
335273
SuP￿rt Costs
Mangg¢ment
Insurance
Sundrie5
Foundcrs day fee5
1,147
1,931
1904
1,116
¥52
4,207
5.982
6,175
FinanLY
Bank charges
158
42
C¥oYeTD*ilCt costs
Auditors, remuneration
Professiollal fe¢$
Ac¢owitaThcy f¢¢s
Other legal and profes5iOEJal fees
2.790
29,267
4,045
33,564
4.750
10.297
1,070
30,000
69,666
46.117
Thi% page does noi forn] part of the statutory financial statements
P88¢ 20

NICHOLAS CHAMBERLAINE'S SCHOQL
FOUNDATION
ET
ED STATE
OR T
YE
NT OF FIN
NCIAL
CflVlTI
EMBE
2023
2022
Totsl Tesources exFnded
,067.657
424,989
Net ¢xpeDdithre l>efore gains and hsses
(633,608)
(43,458)
R¢•lk*ed recogniied g9ins lo￿¢9
Realis¢d gainslllos$es) on fjxed ass¢t ittv¢slm¢nts
125,652
90,124
Net (expenditUTeylm¢othe
(507,956)
46.666
Thi$ pa8e does not forni pyrt of the ststU￿ry finatscigl stat¢ments
Page 21