REGisfERKD CHARrrY NUMBER: 528072 TRuEES, REPORT AND YEAR E DE EMBER 202 NICHOLAS CHAMBERLAINE'S SCHOOL FOUNDATJON Arm5trongs Bishop Simmons artered A¢countsnts and gtatutory Auditor5 Gcthin House 36 Bond Street Nuneato WaTwickshire CVI14DA
ICHOIAS CHAMBERLAINE. FOUNDATIO CONTEpifs OF THE FINANCIAL STATEMENTS ARE 24 PAg¢ Trustee5' Report Report of the Independent Auditors 8 to 10 St4t¢m¢nt of Financlal Activities BhDce Shtet 12 Casb Flow Statsment 13 Notes ts the Cash Flow Stitement 14 Nottt ts the FlnDeS1l Ststen)¢nts 15 tt) 23 Detsiled Stteme¢ ofFlThandal Adivities 24 to 25
NICHOLAS CHAMBERLAINE'S SCHOOL FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 3JST DECEMBER 2024 The trustees pre&¢nt their report the fllthncial Sthfrrnents of the charity for the year ended 315t December 2024. The trustces have adopted the provisions of Ating and Reporting by Charities: statettt of Re¢ommend¢d Practice applicable to charities preporing their accoutts in ac¢ordanc¢ wth the Finat)cial Reporting Stathdard applicable ID the UK and Republic of Ireland (FRS 1021 (effective l Janvary 2019). OBJECMTS A]YD AcfivJTIES Obj¢¢¢Kve The obj¢¢ts of the Foundation aT¢ S¢t out in th¢ 1970 Scheme made by th¢ Sretary of St for Education and ScAen¢e, In sumrnary these fall into categories.. Firstly kn bettefitthe Sch18 of the Foundation by: - Maintsining school premise4 - Providing olher benefits and ttligious instswclton for the children attending the schools, including Sunday 5cIK)oJs forthe young petsons ID Bedworth atsd - From lim¢ to tim¢ assisling ill the PTOVi$ton of new s¢hools in the Urt>an DislrKI of BedwordL Sewndty io provide other ethcatiODal benefits for Bedworth residents (having regard tts thc principles of the ehwcb of Eng]AtJd) by.. - PTowdin8 financial &ssi5taKe to childrtn attd young people in Bedworth, and - Providing financial assistance to other Larities and voluntary orgaDi8atiOnS in the Bedworth area. Th¢r¢ 8re presentty three Fowmlation 5choo]5: - The Canons C of E (Voluntary Aided) Primary khool - All Saints Bedworth C of E A¢ad¢nry aThl Nursery - St Miehad's C of E Academy Adivitit School The Foundation rKeives applications for grts from th¢ h¢ tsath¢r$ 4TME rnaD8getn¢nt t¢w of the Foundaiion Sehuols. These applications may be for grants towards: - The cost of aherations #nd repairs to the schools buildings, and The prnvision of special bcnefits of aThy kind not norn1]Y provided within the L4>cai Education Authority and art A¢ade]Fry Trnsi budget for S¢1], and the cost of r¢ligious instnKtions in ac¢ordon¢¢ with the do¢trines of the Church of Englathd. The FoutsdaiK)n's Trustees (other than where th¢ obltgation f2115 UtKJn an A¢ademy Trust) ¢onsider they have a pritnary obligatioD to kecp the Foundation Schools in 8ood repair and ¢orJtinue to resp)nd to proposals from the Schools for grants towards $ych co#$. They also continue to respond to proposals rtccived from the School head i¢a¢h¢rs and management ieams to $pport prOJt$ and s¢h¢m¢$ by of cu1CUluM Development Grants to me¢t the cost of sp¢¢ia]ist l¢arning mHteri8ls and other educational rcsources. Other 8r•Dts Other educational grdnts are paid by way of "HeDry Bellair5 Bursaries". These are grdDts avatlable for th¢ b¢nefit of children and young people who are ai¥>ut to attend. are attending or who have atteTrJed one of the Found10n Sch¢)ols OT who otherwise live in the Bedworth area. The Bursaries are ntsrn]a]ly paid to young people going on to further l imgher edu¢8tion but may also b¢ paid to those ¢ntering & profession, trade or calling. Grants are Jimed towards the cost of clothin8. Ix)oks, iools or instruments. Under the temis of the 1978 Charity Commission Sch¢ th¢ Th¢8 have sp¢cifi¢ pow¢rs lo auwent the inwme of Ni¢holas Chamberlaine'5 Hospital a] S¢rnLon Charity grants may be paid ¢a¢h y¢ar, after considerdtion by the Tn of applications reteiv¢d from that charity. Applications for srnnts are al80 received earh year from other choriti¢s and voluntsry wganisations with ¢haritsbl¢ objKts. Th¢ TnL8tees consider application5 from those whose objects are the education or improv¢m¢nt in the condiiions of life of b¢nefici8ries living in the Bedworth are hving parti¢ul¥r r¢g¥rd ttTr the promotion of education in th¢ piincip1¢5 of the Church of England. Page I
ICHOLAS CHAMBERLAINE'S FOUNDATION TRUSTEES, REPORT FOR THE ITAR ENDED 31ST DECEMBER 2D24 GrantnkIng policy The Trust approve 8rants to the Foundation Schools and othEr4 a5 they think fit that further the objects of th¢ Foundation acting within th¢ tern of the governing schemes and as outlined aknve. ACHIEVEMKIY73 Af4D PERFORMANCE Chritablé xttivltfits The Fourthtion continued to make a rK>sitive contribution to the life of the Foundation Sc1MMS, meeting h0o1 expenses of £30,247 (2023.. £25.625) and by grnt)ts totslling £635,790 {2023: £944,446). General grants benefiting the people atld town of Bedworth totalled £38.977 (2023.. £11.482) to other chtirities and ¢haritable organi5ations. Henry B¢llairs Bursary Grants totslled £120,1100 {2023 £17,525). The financial perfomiatsc¢ of th¢ Charity improved during 2024 with the sale of lamd at Hospital L#ne. The land on]y ovid¢d & modest income for th¢ ChoTiry, but wa5 sold for residential d¢Yelopm¢nt and other use. greatly increasing the endometht for the Charity, which h&8 been it)vested. Ii is likely the iKom¢ for the Charlty will increase threefiTrld in the coming years. The Charity cotitinu¢d to support Schoo]s of the Foulldation with rurri¢ulum grants 2024, increasin8 the amounts provided to the Schoo]s. The Clwity has 8150 funded ICT proviston and security costs for the Sd)ools of the FouT¥Jations and provided ho¢ financial support where necessary. Fitan¢ial support has also be¢n ptt>vided for other sch(1& Within the old urban distriet of Bedworth that adopt th¢ Chur¢h of England principles. The Charity continues to provide funding for biblw for all pp71$ leaving the Foundation Schools and also bibles for other schools within the old urban district of Bedworth. The Charity has fvnd¢d a music expert that visits the Fout)dation $thl$, and other S¢hools within the old urban distrtct of Bcdworth to teach music 5ki11s with the positive efftcts this ran have on young children. such a5 irnprovin8 cOfidenCe. Giv¢n the p)sitiv¢ fe¢db8¢k, the Chority has ¢xt¢Dd¢d this provision from 2024, with more tim¢ now being spend with Schools. From a strnt¢gic persp¢rtive, the Chority i8 assisting a FOdatIOn School in krf)ktng intr) altetnativ¢ provision that may 8S$iSt Ahtst only the Schools of the Foundation, but aiso other Schools within th¢ old urban district of Bedworth. Et has become apparent that there 15 a 8rowin8 need for alternative provision to aSSLSt children with 8reater Deeds. In May the Chlty Trustees were pleased to celebrate Found&$ Day in memory of Nicholas ChMnberlY4ine. They wcrc joined by the Schmls of the Foundion. representatives from fo other local sehools. and the Nichol Chamberlain¢ Hospital and Sernion Charity. This ¢v¢nt is growing y¢ar by year in populartty and the Charity Trustees are considering llow best to manage this need going fonvard. Th¢ Trustees have $0 fvnded a ¢omi¢ book explaining the htstory of R¢v¢reDd Nicholas Cmber]I]ne. in #n easy4fyuDd¢r5tsnd ftinnat. there is also a QR Code within the that links to th¢ Son& A Man of his time, available on Spotify and Apple Musj¢. Aside from thc S¢lJools of thc Foundation and othu Schools within the old district of Bcdworth fi]ndin8 h&8 been provided for othu ¢lybs and community gTOUPS wthin Bedworth th•t assist yovng pwl¢. The Charity also provides Bell&irs GrBnts to stydeTrts attendiD8 University that meet ¢ertsin uit¢ria and apprenti¢¢ship 8roirt& As noted above, the Charity is seekin8 10 provide a&8iStanee to the Scboo]s of th¢ Foundation, armf the wider communty of Bedworth by inv¢$tigating th¢ need for Alternativ¢ Provisions Muthin one of the School$ of the Foundation. The Charity Trustee$ have heard this is insufficient help for the ytsung people in Bedworth thttt find the Sch] environment ¢hallenging. Th¢ Charity Twsi¢¢s are 81s0 considering how b¢$t to manage fimd giving and ass¢ssiDg th¢ value of this by appointing a Grants and Compliance Manager in the This will assist in checking the bellefits of grant giving. but also to ensure thht the Chtirity remains Mmplilnee in its grant ving. Page 2
NICHOLAS CHAMBERLAINE"S SCHOOL FOUNDATJof4 TRiisfEES' REPORT FOR THE YEAR ET4DED 31ST DECEMBER 2024 FIIYANCIAL REVIEW VinADci&I positio The Foundation's in¢om¢ is g¢n¢rated its investments in lart buiJdin8 ond 5¢curiti¢s. Th¢ net loss for the year was £5,372,984 (2023.. Surplu5 £29,393258) whilst Tevaluation gains on investhjent assets totalled £747.495 {2023: £431.830) with the we$ult that the Foundation's fijnds de¢reaaed by £4.625,479 12023: It)¢reased £29.82S.088) to £35.827,496. Nicholps ChaTnb¢rlaine'5 School Foundation does not engage with third party undertake aDy fitlld Tai5ing on its beIlf. Inves¢m¢nt polky nd performainee The aim of the Fowndation is to manage its holdings in 12nd. buildings and securities so as to proth]ce a reliabk IUrCe of income ¢ombin¢d with mod¢s¢ ¢hpital growth. The Tntst¢¢s do not undert8ke $peculativ¢ invesknents and act with the vice ofthe Foundation's stockbrokers and lomd agents. InY¢stsMnts are r¢vi¢wrd no l¢ss than thre¢ tim¢s ¢v¢ry y¢ar at fidl Board meeting$ ph¢r¢ th¢ Twst¢es receive r¢ports from the stockbrokers and land agcnts. PerfoTrnance of the inv¢strn¢nts is moll1t0t against 5Ultable bencbmats and the Trust¢¢s believe the Foundalion'$ investments continue to 8ener8te a satisfactory return und¢r ¢urr¢nt m&rk¢t conditions. Rueryes polky The Th]stees have de$iwted a Capital R¢serve equal to the lind. buildings and investments h¢ld with th¢ result that the General Fund r¢pr¢sents r¢sowc¢s thot ¢ould be expend¢d without reducin8 capitsl bw of th¢ Foundation. At 31 December 2024 thc Gencral Fund balancE vas £35,827.496 (2023.. £40.452,975). It is the aim of th¢ TTUSt¢¢s to Maintain the G¢ner81 Fund at Such a level a5 to enable ¢onting¢n¢i¢s to be mct and 8dtquatr]y cover net outgoing restswces arising from higher than norn] r¢quests ftr gronts Mthich are from time to tim¢ rrt¢iv¢d. The Thisl¢¢s b¢liev¢ th¢ ]rrenT lev¢ls of res¢rv¢s 8T¢ 5uffici¢nt to cover contin8en¢i¢s that may arise. It is not the policy of the Foundationto retain excessive reserves. Risk maDgemen¢ Th¢ Gov¢rnors hav¢ given ¢onsidergtion to rnajor Tisks to which the Fowjdalion ts exposed and hav¢ instigatrl systems and proGedures designed to miligate those risks. Going eotteenb The fmancial statements have been prepared on a goitig c(IncÈm basis the trustee5 believe that no material unr¢rtointi¢s exist. Th¢ twst¢¢s have considered the level of fvnds held and the expe¢t¢d l¢vel of income expenditutt for 12 morfhs fmm authorising these financial ststements. The budgeted income and expenditure is 5uffi¢>en¢ Thith th¢ l¢vel of r¢s¢rves forth¢ ¢haritykn be able to contimie as a going e(pncern. FUTURE PLANS Obj¢etlve# And strategles The Trustees will CODtiDue to make grants to the S¢hools of the Found*itsn, ¢onsidet appliLgtions in resp¢¢t of Edu¢ati(pJha] Grts and may make grants to the Nicholas Chamberlaine'5 Hospital and Sern)on Charity. The Foundation will also Cotttinue to ¢onsider different areas of support for org2nisatith)s aThd indid0]S to further th¢ objects of the Foundation within th¢ t¢nn$ of the Schem¢s under which it operatts. The Tmstees will Colnue to Promot¢ the obJe¢ts of the Foundation io ¢nwurage p]Icall¢)S from those meetin8 the Foundation's eriterL8. Publlc benefit WheD planning the clwitable activities, revitwitig our stratsgi¢ aims and obj¢¢tives and at Trnsteei m¢¢tÈng4 the Trustee$ bave paid attention to the Charity Convnis5ion's guidance with r¢8ard to our public benefrt. Page 3
NICHOL4S CHAMBERLAINE'S SCHOOL FOUNDATI RusfEES' REPO R THE YEAR Ef4DED 31ST DECEMBER 2024 STRUCTURE. GOVERNANCE AND MANAGEMENT Governlng document Th¢ Fowidation is a registered charity number 528672. It is governed by the provisions of a schem¢ made by the S¢rr¢lary of State for Edu¢ation and S¢i¢n¢e mad¢ on 16 D¢¢¢mber 1970 &8 varied OT llffected by Charity Commission Scherne5 made on l February 1978 and 30 December 1986. Rtcrnitmtnt ind ppolntmtnt of thew trnrte The Gov¢rnors of rh¢ Foundation are the Trustees of the Charity and ty consist OF - One ex4>ffi¢io Trustee w]k) is the R¢¢tor for the time being of the E¢¢lesiastical Parish of All Saints, Bedworth. Four Nominaliv¢ Tru5tff who are appointed.. One by Coventy Diocesan Board of Education,. otte by the Paro¢hi41 Clhw¢h Cowi¢il of th¢ E¢¢lesiasti¢al PaTi$h of All Saints, Bedworth" one by Nwieaton Borou8h Council and by Warwickshir¢ County Coun¢il. - Seven Corfjptstive Trtte5. Eacb Nomittktive Trnstee &pw)itited by Wanvickshire County Co¢1] holds office for a tern) eThJing on the day of appoantrnent of his or her sU¢s$0r which follows hi5 or h¢r retirejnent from th¢ Coun¢il. Ev¢ry other Nominative Trustee holds office ft)r four years. IDductioA and trinittg Of new trn$tees Ciwtative Trustccs are people. through residence. occupation or employment or othrrie. th have special knowledg¢ of ihe area of th¢ fornxr Urball District of B¢dworth. They are appointed for a terni of five years by r&wlution of the Trustees. At their first meeting each year th¢ Thisl¢e$ ¢le¢¢ one ofth¢ir nwnber to act w Chainnan of their meetinBs forthat year. On app)inlment a letter is sent to each new T[rtee Setting out inforniation regarding the Foundation and outlinin8 the duti of h charity Trustee. Trustees are en¢ouraged to attend ¢xternal Bemin8rs aTKi trpining wur8e5. All d¢¢isioTk8 relating to the Foundation are taken by the Trustee4 WIM) meet as a Board no less than six lin per year. During each the TTU5t¢cs con5idrr the risks to which the Foundation is e4KJsed and are satisfied $ystem5 pn)¢¢dw¢s are in plac¢ to mitigate the risk8 they have ideniified. The Trust¢es of the Found*ion are also Tnjstees of Nicholas Chamberlainds Hospital and S¢m)on Charity which is a Te8iSt¢r¢d ¢harity (numb¢r 216930) and is 8150 registered with the Hotne5 & Communities Agency (registrption Dwnb¢T A0582). This charity is primarily involv¢d in the provision and management of Almshouse accommodation. REFERENC.'E AND ADMINISTRAIIVE DETAILS Registertd Charlty number 528672 Prilleipal address clo Band Hatton Biitton F,aTlsdon Park 53-55 Butts Road Coventry CVI 3BH Pa8e 4
NICHOLAS CHAMBERLAINE'S SCHOOL FOUNDATJON TRUSTEES, REPORT FOR THE YL4R ENDED 31sr DECEMBER 2024 Trustees Rev David Poultney Ctthir Mr Rob¢rt Maggs Mrs Aprii Gold Mr Mark Lancelott Gutt¢ridg¢ Mr Keith Corrig Mr5 Beryl Knight (dece85ed 30.8.2024) Mrs Judith Knigbt Mrs Jtnc Corrigart Mrs K Fanner Mr Robert Erskine Mr Williatn Han¢ox (woint¢d 10.7.20241 Mr Paul Spen¢¢r {appointed 29.1.2025) Aydltors ArnistToll85 BIsP Simmons Charter¢d A¢countants and Ststutory Auditors Gethin Hous¢ 36 BO1 Strett NwNton W&n¥i¢kshir¢ CVII 4DA B8Dktrs S8ntond¢r Bootle 04GB CAF Bank Limited 25 Kkn8s Hill Avenue Kings Hill we Malling Kent ME19 4JQ Cltrk Daniel Blood Band Hatton Button Soli¢itor5 Solltltors Band Hatton Bwton Ear15don Park 53-55 BI Road Coventry CVI 2BH Pag¢ 5
NICHOIAS CHAMBERLAINE"S SCHOOL FOUNDATION TRusfEES' REPORT FOR THE YEAR ENDED 31ST DECEMBER 2024 REFERENCE AND ADMINISTRAIIVE DETAII A¥eDts Godfrey-Payton Chartered Surv¢yors Old Bgblak4 Hill Street Coventy CVI 4AN Stoekbrokerg Quili¢r Cbeviot Provinci House 37 New Walk t&icester LEI 6TU CCLA Inv¢sthient MaDa8ement Lirnited l An8el Lthe ndon EC4R 3AB ATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDrroRS The Btsvernots who w¢r¢ in olTi¢¢ on the date of approva] of these financial statements hav¢ ¢onfimied, as far as th¢y are awarw that tbert in no relevant audit inftsrniatioD of which the auditor5 are unaware. Each of the goveTnor5 have ¢onfirn)ed that they have taken steps that they ought to have taken as governors in ord¢r to make thems¢lves aware of zny relnI infoTmation and to establish thai it been ¢ommuni¢ated to the audiior. TRUSTEES, RESPONSIBILITY STATEMEiYr The trust¢¢5 or¢ respon$tble for preparing the TNst¢es' Report and th¢ finalaR statements in accordaDce with applicable law and Unit¢d Kingdom A¢¢ountin8 Stsndards {Unitcd KiNgd(ll Gen¢rally Accepted Accountin8 Practice)- The law applicable to charities in England and W81es the Chariti¢s Ad 201], Charity (Accounts 8nd Reports} Regulations 2008 and the proyisions of the trnst deed requires the trustees io prepare finan¢ial stat¢m¢nts for each financial year which 8ive a true and fair view of the stste of affairs of ihe charity aThJ of the incoming resource5 appli¢ation of resource& including the inc4)mc and expenditure, of the ¢hority for that period. In preparlng those firdnciai st#t¢m¢t)ts, the tNsttts are requir¢d to lcct suitabl¢ I¢¢oting poli¢ies 8t then apply them coThsistentty' observe the methods and principles in the Chgrity SORP. make judg¢m¢nts and estirnates that are reasonable pnwJ¢nt' state wh¢th¢r applicable accounting standards have been followed, subject 10 8Dy material departures dis¢losed al explai1 in the finan¢ial siatem¢nts' pr¢par¢ the financia] 5t8ternents on the ]rtg ¢on¢em basis unl¢ss it is inappropriate to prcsumc i1t thc charity will ontinu¢ in bu8in¢SS. The trust¢es are r¢spowible for keeping proper counting records which di105¢ with r¢ason4ble accuracy at gny time the finan¢ia] position of th¢ charity w)d to ¢n8ble them to ensure that th¢ financial statements comply with th¢ Charities 2011. the Charity (A¢¢ounts and Reports) R¢gul8tions 2008 offtd th¢ provisions of the trust deed. They are also responsible for saf¢8u4rding th¢ 45sets of the charity and hen¢¢ for tskin8 reasonable steps for the prevention and d¢teclion of fraud ld other irregularities. Page 6
NICHOLAS CHAMBERLAJNE"S SCHOOL FOiINDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31ST DECEMBER 20 Approved by order of the board of trustees on 2nd October 2025 and si8ned on its behrbY.. kev DAvia Pomltkey Rev David Poulthey- Tntstee e7
REPORT OF THE INDEPENDENT AUDITORS TO THE TRusfEES OF NICHOLAS CHAMBERLAINE'S SCHOOL FOUNDATION Oplnio We hav¢ audited the financial stai¢m¢nts of Ni¢holo5 Chamberlaine's S¢h)ol Foundation (th¢ 'chority'} for the y¢ar ¢nd¢d 3151 December 2024 which comprise the Statement tsf Fithan¢il Arlivitie& the Balanc¢ SheeL the Cash Flow Stat¢m¢nt and note$ to th¢ fJnon¢ial statements, including a summary of si8nificant accounting policie5. The finan¢ial reporting framework that ha5 been applied irt their preparation is applicable law and United Kingdom Accowiting Stsndards (Unned Kingdom Generally Accepted Accountin8 PTaCtice). In our opinion the financial statements= give a lrne fair view of the stat¢ of th¢ Charitys affairs as at 31st D¢¢emb¢r 2024 aDd of its incoming r¢sources and application of resources. for the year then ended.. hav¢ been property pPar¢d in accordance with UDLted Kingdom Generdlly Accepted AGcounting Pradice. and have be¢n prepared in aecordance with the requirements of the Charities Act 2011. B•sis for opiAioD We condLKtrd our audit in accordan¢¢ with Intern8ti0MI Stundards on Auditing (UK) IISAS (UKI) and Applicable law. Our responsibilities under those standards are further described ID the Auditor5, responsibilities for the audit of th¢ fitwiciai atern¢ts section of our report. We are i]ependent of th¢ ¢l)arity in a¢¢ord8n¢e with the ethi¢ai requirements that ar¢ relevant to our audit of the financial statements in the UK. includins thc FRCS Ethical Standard. and we have fulfilled our other ethi r¢sponsibiliti¢s in a¢wrdan¢¢ with th¢se requirements. We believe that the audit ¢viden¢¢ we have obtairted is sufficient and appropriate to provide 8 91$ for our opinion. Contl4100% re]atlnE to golDg CO In auditing the fllHnci&l ststements, we ha concluded that the trustee5' Use of the going basis of accounling in the preparation of the finaD¢io] statements is appropriat¢. B4s¢d on the work we have perfornied. we have not identified any material unccrtainties rel&tin8 to events or conditions that. individually or ¢ollectively, may ¢asl significant doubt on the charity's ability to ¢ontÉnu¢ a going ¢on¢em for period tsf ai leasttwelve montK8 from when th¢ fin•rt¢ial siatements are autlM)rised for i¢. Our responsiTr+ilities the responsiTriliti¢s of the Inl¢e5 T¢spe¢t 10 80ing concern are d¢ribed in the r¢levant sKtions iTrfthis rert. Other information The tmst¢¢s are r¢sponsibl¢ for the other infom)ation. The rther infonnation cornprise5 the infonnation in¢lud¢d in the Annual ReFK)rt. other than the financial statements and Mr Report ofthe Independent Auditors thern. opinion on the financial statements does nol ¢ov¢r th¢ other informatioD and, ¢x¢¢pt fo th¢ ¢xt¢nt otherwise explicitty stated in our report. we do not express any ft?mi of assurance Conclusion thereon. ltt ¢otwct)n with our audit of the financial statem, our responsibility is to rcad thc othcr information ih doing so, consider whether the other infomiatiort is materially inconsistent with th¢ fina101 ststements or our knowled8C btsined in the audit OT otherIse appe&rs iu be materially mi5Stated. If we identify such matcrial incimsi5tencies or apparent mai¢rial mis$tents, required to deterniine whether this gtves rise to a materia] misstatement in the finala1 statements thelnselves. t£ based on tbe work we have perfom)ed, we ¢on¢lude ihat there is a mat¢rial misststement of thi5 other infonnation. we are required to report that fact. We havt nothirjg to report in this re8aTd. M•tt¢rs which w¢ •re required to by exceptio We have nothing to report in Yespect of the following matters er¢ th¢ Ctjarities {AccountS 1¢ nd R¢ports) Regulations 2008 r¢quires us to rep)rtto you if, in our opinion.. Ihe InforntiOn 8iven in the triistees kep)rt ÉS Ln¢4)n$tent in mutcrial resp¢d with th¢ finaDC1 8tstem¢nts" or suffi¢ient a¢¢ouniing records have not been kept. or the financial statsments are not in agreement with thc aCCOUDting mrds and returns. or w¢ hav¢ not all ibe infonnation and explanations we require for our audit. Page 8
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF r41CHOLAS CHAMBERLAINE"S SCHOOL FOUNDATION Respfjnglbilltle¥ of (rwte As explained more fully in the Truste48' R¢s[nSibl11cS Stamellt. th¢ ttuste&% arc responsil>le for tbe preparation of the fijwicial stateEmts which give a true 8t fair view. and for such internal control as the tNstees detenlline is necessary to eDable th¢ preparation of fitiaticial statetllents that are free from ma181 mi88tstemen¢ whetherth to fraud orerror. tn prepari the financial statemeDK the Inte£S are r¢8pOThIIe for a86essing th¢ clJariWs ability lo continue &s a going CorKer diwlositig, 4$ applicable. matters related to goillg concern and the going concern basis of accotIng unjess th¢ trustees either intend to liquidate the charity or to cease operatioLs, or bave no realistic 8]ternative but to do Our respOnbIlItieS for the Awdh of the Ilnattdal 8tatemeDts We have been appointed as auditors WKlcr Section 144 of th¢ Charities A¢1 2011 and r¢port in accordance with the Act ond relevant regulations made or havtng effect therewth. Our objectives are to obtain reasollablc assuTaDce about whether the fllwicial ststements 14 a whole are free from matenal misstatemenL thther due to fraud or crror, and to issue a Report of the Independent Auditors that includes our Op1101L Re&qonable assurance is a high level of assurwK¢, but 15 not & guardntee that an audit ¢ondu¢ted in accord with ISAS (UK) will alwa detect a ll)aterial mi&8tatement when it exist& Mis8tst¢ments can arise from frmud OT ern)r and are ¢onsid¢red material if, individually or in the aggregate, they could reasonably be expected to infiuence the economic decisions of users taken on th¢ basis of tlwe fillAdI statements. The extellt to wbi¢h our procedures are capabk of detecting irTcguiarities, including fwd is detsiled below. Based on ow ldStanding of the ChaTity, we identified that tbe piincipal risks of non.compliancc with law5 and regulaiions related to the iNlusty. 8nd we ¢oDsid¢red the extent to which llOTrGompliance might have a material effect on the flnancial statements. We also consideTed thos¢ la and I¢gulption5 that have a direct impact on tbe financial $t4i¢m¢nts such as the Charities Act 2011. We evaluated managen)ent's in¢entive8 alld OPW>rthities for fr4uduleni manipulion of tb¢ finan¢iaL StateMet (illeluditig the risk of override of controls) and dete1m1 th81 th¢ principal risks were T¢lated posling unusual journal entries to increase revenue and profits or the nwikpulation of aoting estimates whicb could b¢ subject to maDag¢m¢n¢ bias. Audit procedures p¢rfomied by th¢ eng4galleDt included.. .Enquiry with managemen( those charged with governaT¢ around acttl and rntial ]itigation and cl .Revi¢v/ing f]naDcial 8tatement disclosures and te9ting supportitig documentation to asse&8 compliallce with appli¢able laws and regu]ations' -Perfonning audii work over the iisk of nJan8gement override of controls. includmg sting of journal entrie5 aThl other adjustments for appropriatenes5. ev0hting the busin0%8 rationale of significant (raC110q outside the normal course of businus atld reviewing accounting estinMtes forbi .Perforning audit work over the risk of ujers1dteMent of income iocluding analytica] review attd obtsining ¢orroboTated exp]Bn&tions from mana8emenL Thue are inherent limitatio in the audit procedures describd aE)ve. We #re leAs likety to bxome aw of itLStanees of non-eothpliance with laws and regulatioLs tbat are not closely related to events and transactsoJLS reflectrd in the finla] $tOt¢ments. Also, the risk of not deteCtll a matertal mi8Statement tt) fraud is FLigber than the risk of not detectit)g olle T¢8ulting from ¢rn)r. as fraud may tnvolve deiibernte coJKeahnent by, for ex8mpl¢. forgery or int¢Dtional miSrepretatio or through Coll1(. A Sjrther description of our respollsibilitie8 for the audit of the fjnoIa] #aterwits is k>¢ated on the Fillanci81 Reporting Cowictl'$ website at www.frc.or8.ukJauditoYsresponsiThilxti& This dCriPtion forn part of our Report of the Indepeknt Auditors. Page 9
REPORT OF THE INDEPENDETr4T AUDITORS TO THK TRUSTEES OF NICHOLAS CHAMBERLAINE'S SCHOOL ATI Ust of omr report This rewrt is nmde solely to the ¢haritJls ttee5, as & kndy. in accordance with Part 4 of Cl)ariti&s (Accounts and Reports) RegulatioJJs 2008. Our audit work has been uttdertth so that we might state kn the charitys trustees those matters wt are Tequired to state to them tn an auditors, rert and for no other pUse. To the full¢st extent pern]itted by l&w. we do Dot accept or 888ume r¢sponsJbility to anyone other than th¢ Charity the tnl¢eS a body. for our audit 4)rI4 for this report. or for the opinioAs we have forrned Arm8trot]gs Bishop Simmon8 Chartered Accovntsnts alld Stsy Auditors Gethin House 36 Bond Str¢ei Wanvtck$hire CVI 14DA IO¢b O¢tober 2025 Page 10
NICHOLAS CHAMBERLAINE"S SCHOOL FOUNDATION SfATEMENT OF FINANCIAI. ACTIVITIES FOR THK YLiR ENDED 31ST DECEMBER 2024 2024 Unrestriettd fimds 2023 Totsl fimds res¢at¢d Notes INCOME AND ENDOWMENfs FROM h)vestmcnt income 1.100.366 434,049 EXPENDrruRE ON Raising funds 33206 21,780 Cb#rit*ble •ctirfi Grants related expertditure Schools w¢ndi¢w¢ 635,790 30,247 944,446 25,625 Other 5.887,755 75,806 Totsl 6.586,998 1,067,657 Net gains ott investments 113,658 30,026.866 NET INCOMLI(EXPENDITURE) Other recognised gaij10(135t$) Gains on revaluatiort of fjxed ass¢ts (5,371974) 29.393,258 747,495 431,830 Net JnoveJDent ltt fund5 (4,615,479) 29,825,088 RECONCILIATION OF FUNDS Totsl fijnds brought forward 40,452.975 10,627.887 TOTAL FUNDS CARRIED FORWARD 35.827.496 40.452.975 The fo p of th¢sc financial stalem¢nts Page 11
NICHOLAS CHAMBERLAINE'S SCHOOL FOUNDATION BALANCE SHEET 31sr DECEMB 2024 Unrestrithed funds 2023 Total funds os restaled Notes FIXED Assrrs Tanwblc as5cts Invtstments 1nve5trnents IeStment prop¢rty 10 604,963 628,855 27.637,912 3,301,098 6.882.306 32,601,214 12 31,543,973 40,112,375 CURRENT ASSETS Debtors Cash at bank 13 141,327 4217,411 67,750 285,214 4,358,738 352.964 CREDTfoRS At))ounts falling due within on¢ year 14 (75,215) (12.364) NET CiJRRENT ASSETS 4.283,523 340.600 TOTAL ASSETS LESS CURRENT LIABILJTIES 35,827.496 40,452.975 NET A&8ETS 35.827.496 40.452.975 FUNDS Unrestricd fimds 15 35,827.496 40,452.975 TOTAL FUNDS 35.827.496 40,452,975 The financial statrmcnts were 4)proved by the Board of Trustees and authorised for issue on 2nd October 2025 and were sign¢d on its behf by: Eev DAVI'd Po¥lthey Rev David Paultn¢y. Tn15t¢¢ The notes forni part of thest finan¢ial statements Pag¢ 12
NICHOIAS CHAMBERLAINE'S scHL FOUIYDATION CASH FLOW STATEMENT FOR THE YEAR EIYDED 31sr DECEMBER 2024 2024 2023 Notes Co$h flows from operating #ttlvltleA Cash generated from opeMioAs (613.463) (849,848) Net ¢ath us¢d in operatin8 artivities {613.463) (849.848) C5h flows from Investing ietiviti Pur¢has¢ of fix¢d asset investments Sale of heritag¢ a6S¢ts Sal¢ of fix¢d ass¢t inv¢5(m¢nts Sal¢ of invesun¢ni propeity Cash funds not invc5ted Interest rtt¢iv¢d Dividends re¢¢ived (20,056,393) (5,765,379) 815,050 29JOO,116 (653.110) 397,281 508.095 (2,045,488) 2,333.890 17.679 21S.292 Net ¢ash proYid¢d by inv¢sting activities 4.545,660 521.373 Chang¢ in ¢4sh and e4slh eqviY4l¢nts i the TeportlnE perlod C&yh Ind ush equivalents at the IxgSthDlng of th¢ reportlng ptrlod 3,932,197 (328.475) 285.214 613,689 Co$h nd ta$lt equivalents At the end or the reportiDg period 4217,411 285.214 The notes forni part of these financial statements Pag¢ 13
NICHOLAS CHAMBERLAINE'S SCHOOL FOUNDATION NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST DECEMBER 2024 RECONCILIATION OF f4ET (EXPEf4DrruRE)IINCOME TO NET CASH FLOW FROM OPEIL4TING AcfiviTIES 2024 2023 as restaied Net {expenditureVincorne for the reportin¥ period PEr tbt Statement of FinADci*I Activities) Adjvstm¢nts for: Deprecialion charges Gain on investments s ott disposal of fixed assets Interest received Dividend5 received Increase in debtors Ireas¢ in cr¢ditor5 (5,372.974) 29.393,258 23,892 23.892 {113.658) 130,026.8661 5.765,379 {397.281) (508.095) (73,577) 62.851 (17.679) (215.2921 (8,951) 1.790 Net (Ash used in opergtiODS (613.463) (849,848) ANALYSIS OF CHANGES IN NET FL'NDS At 1.124 At31.12.24 Net eub Cash at bank 285.214 3.932,197 4.217.411 285214 3.932,197 4,217,411 Tot¥Jl 285214 3,932,197 4,217,411 The ttel form part of these financial statement5 Page 14
r41CHOL4S CHAMBERLAIIYE'S SCHOOL FOUNDATiof4 NOT&S TO THE FINANCIAL STATEMEN R THE YEAR ENDED 31ST DECEMBER 2024 AccouNfiNG POLICIES Bsl$ Of preparing the fun¢la[ s¢atem¢nts The fmancial 5tattments of the charty, 1¢h 15 a public benefit entity under FRS 102. have been prepared in accordance with the Charities SORP IFRS 102) 'Accounlin8 and Reportin8 by Charities.. Ststemettt of Recommended Prarfi¢e appli¢abl¢ to ¢harities preparing their a¢¢ounts in a¢¢ordan¢e with the Financial Reporting Stsndard applicable itt the UK and Republic of Irelaftd (FRS 102) lefftctive l January 2019),, Financial R¢porting Stsndard 102 Th¢ Financial R¢w)ning Standard opplicable in the UK and RUbliC of ]Tcland' tbe Charities Act 2011. The financial sth¢¢ments hav¢ been prepared undel the historical eost Jv¢ntion, the exception of inve5knents which are included at market Yu¢, as modified by th¢ revaluation of certain asKts. The finan¢ial stat¢ments are presented in sterlin8 which 15 the functional currenry of the charity and routlded to thc ne8rest£l. The sigoifiint Oting poli¢ies 8ppli¢d in the pr¢par8tion of these financi81 stat¢m¢)ts art set out below. These policies have been consistently applied to all yrars presented unless otherwise Slated. CritieMI #teounting jdgeMentS #Nd kty sourtts Of es1thtIon Mn¢ertlnty Ln the opplirAtion of th¢ C¥)mpanls 3ccountin8 policies, which are ducribed in note l. th¢ governors are requircd to make judgerncn estimut¢s artd UMpI10n$ ab(iut th¢ ¢arrying value of asset5 And liabilitLe5 that are txTrt readity apparent from other sources. The estimates and underlying &ssumption5 #re based on historical experience and other fartOTS that are considered to be relet. Aemal re8ults may difftr from th¢se estimatss. Th¢ ¢5timat¢s aDd uDd¢rlyillg Assumptio are reviewed on an ongoing basis. Revisions to ¥ccounting estimates ar¢ rewgnis¢d in the period in which the estimate is revised if the revision affects only that period or in the i¢)d of the revL5ion and future periods if the r¢vi$ion aff¢¢ts t)th CU¢nt and fvture perio&. The key sOUtS of estIntIon uncertainty that have a significant effect on the arnounts reColS¢d in the financial ststernents are described b¢low.' As described in Th)te 9 to th¢ fin8ncial statun¢nts, th¢ 3 xh4)ols of th¢ foynd*ion 4r¢ stated at hISriCal cost. view of the fact that th¢re 15 Doi a r¢saJe markel it would be difficult io obtain a meaningful market va]uation and the dwity would not gaith any benefit from iDCUtTinB thE Cost of doin8 $0. IDc•me All in¢ome is rwis¢d in th¢ Stst¢menl of Financi41 Adivities onee the ehtitity hts entitlun¢nt to the funds, it is probable that th¢ in¢ will be r¢¢¢ived and th¢ amount can be rneasured reliabty. Inv•thent ine•me IDv¢sknent income 15 earned through holding Assets for investment purposes such as share5 and propty. In iD¢lud¢s dividends, interest and rent. It is included the amounl can be measured icliably. Interest income is recognised using the effective interest method and dividend and rem ineomc 15 rccognised a$ the charity's right to r¢¢¢iv¢ paym¢nt IS ¢Stablished. Expenditure Liabilities are recognised as expendittwe as soon as the is a lega] or constnKtiv¢ obligation c<)nm)itting the chatity to that expenditure, it ts probabl¢ that a trnisfer of eron(Fmi¢ beneflts will be requiTed in sett]ement and the amowrt of the obligation can be measured reliably. ExpEnditure 15 accOu£d for on an accwals basis and ba5 been Classified und¢r headings that aggregate a]1 related to the category. Where costs ¢attrtot bc directly attributrd to particular hcadin85 they have been 8llo¢&ed to arfivities on 8 blS ctsn5i5tcnt with thc ys¢ of r¢sour¢es. Grants offered subject to conditions Mthi¢h have not been m¢t at th¢ year ¢nd dat¢ are noted as a coMrninI but rty)t a¢cwed a5 expendilure. Page 15 eontit)wJ...
i%ICHOLAS CHAMBERLAIiYE'S SCHOOL FOUNDATION NOTES TO THE FINAN R TI IAL sfATEMF.NTS- continu ACCOUP4TIIYG POLIC'IES- eontinued Expenditure on raising The cost of raising ffijnds consills of inv¢sth)¢nt propety eyn5e4 including property msnwment fees iDvestmenl management fee5 relating to the Foundation's invesllneni portfolio. pendlture on ch8ritgble activities Costs of ¢haritabl¢ a¢tiviti¢s include expenditure on and 8rants to fouTMlation 5choo15. other cducational wants to individuals and 8cncral grants to other tsrgttni5ations and ¢harities. The ¢ost of charitable a¢tiviii¢s also irt¢ludes general support costs. As support eosts are noi considered si8nifieant in total they 8re not analJYed over the various differellt chwitsble &rtiviti¢s to whi¢h they relat¢. Tanglble Ilxed 48sets Tangible fixed assets are stattd at Cost {OT d¢emed cost) or valuation less accumulated depreciation and a¢cumulated impatrni¢nt losses. Cost includes costs directly allributable to making the asset capable of operating as intended. All assets costing more th8n £l.000 ar¢ w?it8]ised at cost. Depreciation li charged 4ainst properties held for ch#rirable purposes. bein8 h0o1 buildin8s, on a straighi IiD¢ basis over their ¢Slim¢d u8¢ful lives of 50 y¢ars vestment property Inv¢stsnent property is shown at rn05t recent va]uation. Any aggre£at¢ swplus or deficit arising from ¢hanges in fair value is recoBnised in the Statetnent of Financial Activities. Tax¢io The charity is exernpi from tsx on its charithble activities. Fund Aceounting UDr¢stricted funds can be used in accordance viith the charitsblc objcdives at the discretion of the trustees. Restricted futhds ¢an only be used for PArticul8r r¢stri¢ted purpos¢S Within the obj¢¢ts ot'th¢ ¢haTity. R¢strictions arise wh¢n SplfIed by th¢ donor or when funds raised for parti¢ular restricted purposes. Fwther ¢xplan8tion of th¢ n8tur¢ and Purpose of earh futsd is inc11¢d in the not¢s to the financi stthments. vostments Inv¢stments are ststed estimated market Yalue at thc Balance Sheet date. inveslment prtsperties bein8 valued by the Governor4 on an existing use open msrket vakne and other investments by the Foundation's Stockbrokers. Net gains and losses arising on revaluation and dispo1$ ihroughout ihe year are irKluded in ihe Slatement of Financial A¢tivitÉ¢s. Debton ¢redithr5 rffeiv¥bl¢lpayable within one ye#r Debtors and ¢r¢ditors with Do stat¢d interest rate and receivable or payabk ivithin onc year are recorded at transaction price. Any1055e5 arising from impaimi¢nt aye re¢ogThi$ed as cxpenditure. Cash at bank and Short terni deposits Cash ai bank in¢lud¢s short t¢nn hi8hly liquid investments with a short maturity of tltree months or less from the datc of acqutsition or opening of the d¢p)sii or similw A¢¢ount. Pr•vlJlons Provision5 are recognised where the foundation has an obligation * th¢ bdance sheet date as a result of a past evenl it is probable that on outtlow of cconomic benefits will be required in settlement Jod the #rnount can bE reliably ¢ll]med. FitiDtl*l IDgtnuDeDts Pag¢ 16 ontinued...
NICHOIAS CHAMBERLAIIYE'S SCHOOL FOUNDATION IYOTES TO THE FIIYAP4CIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31ST DECEMBER 2024 ACCOUNTING POIJCIES- contiDued InvestnwTrts The Foundation only has fu)an¢ial assets and financial liabilities that qualify b&4ic financial instr)¢1$. Basi¢ financial instruments are initially reco8nised at trAn5aCtion value and subsequently measured at their settltrnent Value. INVESTMEiYfJNCOM 2024 2023 as restated 194.762 228 508.095 397.281 200,356 722 215.292 17,679 Rights,wayl¢aves and sundry income Dividend5 al interest receivable from invegtment portfolio ItJt¢rest on short tem) d¢posits 1,100,366 434.049 RAISING FUNDS Investment m*nagem¢nt cost$ 2024 2023 as r¢stated Property repairs Property n]atw¥¢ment f¢e$ Ixgal fees- developm¢nt proje¢t Insurance (888) 21,982 3,977 8.135 (15,589) 9.875 19,781 7,713 33206 21.780 cHARTrAB AcrivrriES cosrs Granl funding of a¢tivitiE5 (see note DAre¢t Costs 5) TOtS Grant5 related expenditure Schools exp¢nditw¢ 635,790 635.790 30,247 30,247 30.247 635,790 666,037 Pa8e 17 ¢ontimJed...
NICHOIAS CHAMBERLAINE'S SCHOOL FOUNDATJON TES TO THE FINAIYCIAL STATEMENTS- continutd FOR THE YEAR ENDED 31ST DECEMB GRANfs PAYABLE 2024 2023 25 restated Grthts related expthditure 635.790 944,446 The ts1 gr8nts paid to inslithtions during the year was as follows: 2024 2023 &8 restated Si Michael'5 C of E Academy All Saints Bedworth C of E A¢*dmY and Nurs¢ry The Canorts C of E (Voluntary Aided) Primary School Hemy Bellairs Bursari¢s her organisaiions Nicholas Ch4mb¢r14ine's Hospital and Sermon Charity Bedworth PCC 70.324 24,641 261,844 120.0 38,977 340.705 215,263 184.073 17,525 11,482 133.860 41,538 120,004 635.790 944,446 SUPPORT cOs Governahce M8nagement Finan¢¢ Totsls Other resources expended 2.641 19,467 5.865.647 5,887,755 SUprt Costs, ilded in th¢ above, are &8 follows: 2024 2023 r¢sourc¢s expended Totsl activitlC5 lDsurwt Advertisin8 Sundri¢s Founders day fe¢$ Bank charges Exchange diffnCeS Auditors, remuneration Broker and Professional fees A¢¢ountsn¢y fres Oihtr legal and profrssional fees JA)SS OD sal¢ of investment prop¢ty 1.201 270 695 475 189 19.278 1,147 1,931 2,904 158 61.831 2.928 32,581 5.765.379 29267 4,045 33,564 5,887,755 75.806 Page 18 cothtlnued...
NICHOIAS CHAMBERLAINE'S SCHOOL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS- rontinued FOR THE YEAR ENDED 31sr DECEMBER 2024 AUDITORS. REMUNERATION 2024 2023 re5tBted F¢es payable to the charitys audiiots for the audit of the Charis fmanci&l 2.928 2.790 IIiUSTEES' REMUNERATION AND BENEFTrs Th¢r¢ w¢r¢ no trnstees, remuneration or other Fknefits for the yr ended 31st De¢emixr 2024 nor for the ye4r ended 31st De¢¢mber 2023. Tntte, expen8 The trustees meeting costs amount¢d to £Nil (2023.. £971). PRIOR YEAR ADJUSITrIEf4T A ¢orre¢tion has be¢n made to the valv of investments brought forward in relation to an understat¢m¢nt in IVu5 years 4rnountin8to £107.189 io. TANGIBLE FIXED ASSETS L4T]d and buildin85 held for charitable purw)s¢s COST At 1st January 2024 and 31$1 De¢¢mb¢r 2024 1,194.618 DEPRECIATION At 1st January 2024 Charg¢ for year 565.763 23,892 At 31st Deccrnkr 2024 589.655 NET BOOK VALUE At 31st De¢¢mber 2024 604.963 At 31st Dexember2023 628.855 tand and buildings are held for charilable puryose& Properti# mt eost At 31 Detettlber 2022 were: The Canons C of E (volunt Aided) Primary s¢101 St Michael's C of E Academy Ail SAints Bedworth C of E Acad¢my Nw5¢ry 495298 509,322 189.998 1.194.618 Poge 19 continued...
NICHOLAS CHAMBERLAJNE"S SCHOOL OUNDATION NOTES TO THE FINANCIAL sfATEMETrifs- c ER 2024 ii. FIXED ASSET INVLSTMENT3 investments MARKET VALUE At 1st January 2024 Addilions Disposals Untealised gainsl(losses) Net nKJvemeni of fvnds awaiting invesbnent 6,882J06 20.044,621 (701.392) 759,268 653,109 At 31st Dec¢mber 2024 27,637,912 NET BOOK VALUE At 31st December 2024 27,637.912 At 31si Decernber 2023 6,882J06 There were no investm¢nt ass¢ts outside the UK. Cost or valuation at 3 1st De¢¢mb¢r 2024 is represcnted by: Other investments Valuation in 2021 VAlualion in 2022 Valuation in 2023 Valuation in 2024 Cost 1292,180 (727.337) 161,823 9,524,013 16,387.233 27,637.912 12. INVESTMENT PROPERTY FAIR VALUE At 1st January 2024 Disp05als 31601,214 129.300,1161 At 31st December 2024 3JOI,098 NET BOOK VALUE At 31 st December 2024 3,301,098 At 3 1st D¢wnb¢r 2023 32,601214 Page 20 continued...
NICHOLAS CHAMBERLAINE'S SCHOOL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR E DED 31ST DECEMBER 2024 12. INVESTMENT PROPERTY- continued Asat 31.122024 210,000 465.555 ,767.856 857.687
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31.12.2023 29.510.116 465.555 1,767,856 857,687 V•luAtion Moat Fami Land at Bedworth Woodlands Units 34 to 38B Sydettham Ind Est& Chamberlaine C(yJrt 3,301.098 32.601,214 Intome 21124 21n3 Moat Farm land at Bedworth W(K)dlaDds Units 34 to 38B Sydenbam Ind Estate Chamber]aifte Court 3,800 1.750 135,095 54.117 9.565 2.810 136.520 51.461 194,762 200.356 The tnvestment property was independently valued by G0dfrey-Pay. Chrtered Surveyors as at 31December 2023 on 5th July 2024. 13. DEBTORS: AMOUIYTS FALUNG DUE wrrHIN ONE YEAR 2024 2023 Other debtors l(¢nt receivable Rent h¢ld by Agents Brokers incorne accounts 11815 7.260 45.879 75J73 4.810 34,563 28.377 141,327 67.750 Page 21 continued...
NICHOLAS CHAMBERLAIIYE'S SCHOOL FOUNDATION NOTES TO THE FINANCIAL STATEME FOR THE YEAR ENDED 3Jsr DECEMBER 2024 J4. cREDORS. AMOUNTS FALUNG DUE WTfHIN ONE YEAR 2024 2023 as restated Grnts payabl¢ Audit and accountan¢y A¢¢rued expenscs 63.750 2,928 8,537 9.574 75,215 12,364 Is. MOVEMENf IN FUNDS Net movement in fimds Transfers At 31.12.24 At 1.1.24 funds Unr¢rtri¢¢ed fund5 Gerteral Designat¢d fund 40.345.786 107,189 (4,625,480) (30,811,405) 30,811,405 4.908,901 30,918,595 40,452.975 (4,625,479) 35,827.496 40,452,975 (4.625,479) 35,827,496 Net movement in fittmts. included in the above are a5 followE: Incoming resowc¢$ Resour¢t8 ¢xp¢nded Gains and losses Movemcnt in fvnds Unrestricted funds G¢n¢rn] fimd Design&ted fund I.IOOJ66 16.586,998) 861,152 (4,625.460) ,100,366 16,586,998) 861,153 (4,625.4791 TOTAL FUNDS 1.100.366 16,586,998) 861,153 14,625,479) for movenwit in fud8 N¢1 rnoYem¢nt in funds At 31.12.23 Ai 1.1.23 fvnds Unrestricted General fund DesignMd fi]nd 661,914 9,965.973 29,718,070 107.018 {125.523) 30,254,461 125,523 10,198.514 10,627,887 29.825,088 40,452,975 TOTAL FUNDS 10,627,887 29,825,088 40,452.975 Page 22 COlltinu¢d...
NICHOLAS CHAMBERLAINE'S SCHOOL NDATION TE TO THE FINATr4CIAL STATEMENTS- continuo MOVEME IN FUNDS- continued Comp¥rntiv¢n¢t movement in funds, included ift the above gre as follows". Iomin8 resources Resources ¢xpend¢d Gains and losses Mov¢m¢nt in funds Unr¢8trirted fund$ General fund 431930 1,119 (1,067,657) 30.352,797 105,899 29,718,070 107,018 434,049 (1,067.657) 30.458,696 29,825,088 TOTAL FUNDS 434.049 (1,067,657) 30.458.696 29,825,088 The fimds of the charity include the capitsl reserve fun&thsign4t¢d fund whi¢h hos been set aside out of the unrestricted fimds by th¢ GovenK)rs for specific purpose$. The ¢opits] reserve fimd r¢pres¢nt the value of latsd, buildings and itwestments. The a¢cumulat¢d general hnd therefore represent$ th¢ toral re8ources that could be exed without rethKkng the capital bC of the Foundation. 16. CoNEc[ED CHARrnES The Nicholas Chamberlaine's Hospital and Sermon Charity. which has ¢ommon TTUStees, is involved in the op¢rdtion of Abn5hou5C5 and similor a¢¢ommodation. There were no 8rdnts paid to the H05pitsI and Semions Charity during the year (2023: £133,860) Pa8e 23
NICHOLAS CHAMBERLAINE"S SCHOOL FOUNDATION TAILED STATEMENT OF FINANCIAL ACTIVITIES MBER 2 2024 2023 as restated INCOME AND ENDOWMENTS Investment income 194,762 228 200,356 722 Bi8hts,wJyleav¢s ond Sdry itKorn¢ Dividends and inier¢st Tr]vable from inve51rnent portfolio Inter¢st on short t¢rn) d¢posits 508,095 397.281 215,292 17,679 1,100.366 434,049 Tol•l iD£oming resources 1.100,366 434,049 EXPENDITURE Inve8¢ment costs Property repatr5 Prop¢ty manag¢m¢nt fees Legal fees- drvelopment project Insurancc (888) 21,982 3.977 8,135 115,589) 9,875 19,781 7.713 33,206 21,780 Chritablt Adivities Sundri¢s Depr¢tiation of tangible fixed assets Grants to iNtitutions 6.355 23,892 635,790 1.733 23,892 944,446 666.037 970,071 Support f05ts M&DagemeJb¢ Insur&nGc AdvertLsill8 Sundries Founders day fees 1,201 270 695 475 1.147 1,931 2,904 2.641 5,982 Finante Bank ¢hiTges Exchange differeDces 189 19,278 158 19.467 158 Governnce rosts Auditors, remunerntion Carried forward 2.928 1928 2,790 2.790 This page does not forni part of the ststutory finan¢ial staiemeijis Page 24
NICHOLAS CHAMBERLAINE"S SCHOOL FOUIYDATION DETAILED ATEMENT OF FINANCIAL AcfivITI 2024 2023 zs restated Governanee eogts Brought fon¥zrd Broker and Prof¢ssiotJal fees A¢tancY fees Other l¢8al and PTof¢ssional fees IAJSS on sale of inveslm¢n¢ prop¢rty 2.928 61.831 2,928 32,581 5.765,379 2,790 29,267 4,045 33,564 5,865.647 69,666 Total r¢souTC¢S expended 6.586.998 1,067,657 Net tipendihR before glns &Dd losses (5.486.632) (633,608} Re4li8ed re¢ognlyed gaiDS and losses Realised gain&l(1055es) on fjxed assd investm¢nts 113,658 125,652 Net expenditure (5,372.974) {507,956) This page does not forni partofth¢ slalutory financial $tm¢nts Pag¢ 25