REGisfERKD CHARrrY NUMBER: 528072
TRu￿EES, 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
B*hDce Shtet
12
Casb Flow Statsment
13
Notes ts the Cash Flow Stitement
14
Nottt ts the Fln*DeS1l Ststen)¢nts
15 tt) 23
Detsiled St*teme*¢ 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 A￿￿￿ting and Reporting by Charities: state￿￿ttt 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¢ S￿retary of St* for Education and ScAen¢e,
In sumrnary these fall into categories..
Firstly kn bettefitthe Sch￿18 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$ton of new s¢hools in the Urt>an DislrKI of BedwordL
Sewndty io provide other ethcatiODal benefits for Bedworth residents (having regard tts thc principles of the ehwcb of
Eng]AtJd) by..
- PTowdin8 financial &ssi5taKe to childrtn attd young people in Bedworth, and
- Providing financial assistance to other L*arities and voluntary orgaDi8atiOnS in the Bedworth area.
Th¢r¢ 8re presentty three Fowmlation 5choo]5:
- The Canons C of E (Voluntary Aided) Primary khool
- All Saints Bedworth C of E A¢ad¢nry aThl Nursery
- St Miehad's C of E Academy
Adivitit
School
The Foundation rKeives applications for gr￿ts from th¢ h¢￿ tsath¢r$ 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 norn￿1]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 $￿pport prOJ￿t$ and s¢h¢m¢$ by of cu￿1CUluM 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 Found￿10n 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
Grantn￿kIng 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
Ch*ritablé xttivltfits
The Fourthtion continued to make a rK>sitive contribution to the life of the Foundation Sc1MM￿S, 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
endo*metht 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. Fit*an¢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 p￿p71$ 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 $th￿l$, 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
cO￿fidenCe. 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 FO￿datIOn School in krf)ktng intr) altetnativ¢ provision that may
8S$iSt Ahtst only the Schools of the Foundation, but aiso other Schools within th¢ old urban district of Bedworth. Et has
become apparent that there 15 a 8rowin8 need for alternative provision to aSSLSt children with 8reater Deeds.
In May the Ch￿lty Trustees were pleased to celebrate Found&$ Day in memory of Nicholas ChMnberlY4ine. They wcrc
joined by the Schmls of the Found*ion. 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 ￿$0 fvnded a ¢omi¢ book explaining the htstory of
R¢v¢reDd Nicholas C￿mber]I]ne. in #n easy4fyuDd¢r5tsnd ftinnat. there is also a QR Code within the that links
to th¢ Son& A Man of his time, available on Spotify and Apple Musj¢.
Aside from thc S¢lJools of thc Foundation and othu Schools within the old district of Bcdworth fi]ndin8 h&8 been
provided for othu ¢lybs and community gTOUPS wthin Bedworth th•t assist yovng pwl¢.
The Charity also provides Bell&irs GrBnts to stydeTrts attendiD8 University that meet ¢ertsin uit¢ria and
apprenti¢¢ship 8roirt&
As noted above, the Charity is seekin8 10 provide a&8iStanee to the Scboo]s of th¢ Foundation, armf the wider communty
of Bedworth by inv¢$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
beI￿lf.
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 I￿UrCe 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 bencbmat*s 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$iwted a Capital R¢serve equal to the lind. buildings and investments h¢ld with th¢ result that the
General Fund r¢pr¢sents r¢sowc¢s thot ¢ould be expend¢d without reducin8 capitsl bw of th¢ Foundation. At 31
December 2024 thc Gencral Fund balancE vas £35,827.496 (2023.. £40.452,975).
It is the aim of th¢ TTUSt¢¢s to Maintain the G¢ner81 Fund at Such a level a5 to enable ¢onting¢n¢i¢s to be mct and
8dtquatr]y cover net outgoing restswces arising from higher than norn￿] r¢quests ft*r gronts Mthich are from time to tim¢
rrt¢iv¢d. The Thisl¢¢s b¢liev¢ th¢ ￿]rrenT lev¢ls of res¢rv¢s 8T¢ 5uffici¢nt to cover contin8en¢i¢s that may arise.
It is not the policy of the Foundationto retain excessive reserves.
Risk maD*gemen¢
Th¢ Gov¢rnors hav¢ given ¢onsidergtion to rnajor Tisks to which the Fowjdalion ts exposed and hav¢ instigatrl systems
and proGedures designed to miligate those risks.
Going eotteenb
The fmancial statements have been prepared on a goitig c(IncÈm basis ￿ the trustee5 believe that no material
unr¢rtointi¢s exist. Th¢ twst¢¢s have considered the level of fvnds held and the expe¢t¢d l¢vel of income
expenditutt for 12 morfhs fmm authorising these financial ststements. The budgeted income and expenditure is
5uffi¢>en¢ Thith th¢ l¢vel of r¢s¢rves forth¢ ¢haritykn be able to contimie as a going e(pncern.
FUTURE PLANS
Obj¢etlve# And strategles
The Trustees will CODtiDue to make grants to the S¢hools of the Found*itsn, ¢onsidet appliLgtions in resp¢¢t of
Edu¢ati(pJha] Gr￿ts and may make grants to the Nicholas Chamberlaine'5 Hospital and Sern)on Charity. The Foundation
will also Cotttinue to ¢onsider different areas of support for org2nisatith)s aThd indi￿d￿0]S to further th¢ objects of the
Foundation within th¢ t¢nn$ of the Schem¢s under which it operatts. The Tmstees will Co￿lnue 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 Tr￿tte5.
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$0r which follows hi5 or h¢r retirejnent from th¢ Coun¢il. Ev¢ry other Nominative
Trustee holds office ft)r four years.
IDductioA and tr*inittg Of new trn$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 BIs￿P 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 rel￿nI 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¢ fina￿laR 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¢¢o￿ting 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 i1￿t thc charity will
ontinu¢ in bu8in¢SS.
The trust¢es are r¢spowible for keeping proper ￿counting records which di￿105¢ 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 beh￿rbY..
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¢i*l 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 p￿Par¢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.
Contl￿4100% 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 responsiTr*iliti¢s of the In￿l¢e5 T¢spe¢t 10 80ing concern are d¢￿ribed in the r¢levant
sKtions iTrfthis re￿rt.
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 ther￿n.
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¢ fina￿101 ststements or our knowled8C
btsined in the audit OT otherI￿se appe&rs iu be materially mi5Stated. If we identify such matcrial incimsi5tencies or
apparent mai¢rial mis$t￿ents, required to deterniine whether this gtves rise to a materia] misstatement in the
fina￿la1 statements thelnselves. t£ based on tbe work we have perfom)ed, we ¢on¢lude ihat there is a mat¢rial
misststement of thi5 other infonnation. we are required to report that fact. We havt nothirjg to report in this re8aTd.
M•tt¢rs which w¢ •re required to by exceptio
We have nothing to report in Yespect of the following matters ￿er¢ th¢ Ctjarities {AccountS 1¢ nd R¢ports) Regulations
2008 r¢quires us to rep)rtto you if, in our opinion..
Ihe Inforn￿tiOn 8iven in the triistees kep)rt ÉS Ln¢4)n$￿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[￿nSibl11￿cS Sta*mellt. 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 ma￿181 mi88tstemen¢ whetherth* to fraud orerror.
tn prepari￿ the financial statemeDK the In￿te£S are r¢8pOThI￿Ie 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 acco￿tIng
unjess th¢ trustees either intend to liquidate the charity or to cease operatioLs, or bave no realistic 8]ternative but to do
Our respOn￿bIlItieS 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
Op1￿101L 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 fill￿AdI statements.
The extellt to wbi¢h our procedures are capabk of detecting irTcguiarities, including fwd is detsiled below.
Based on ow ￿ld￿Standing 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
manipul*ion 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 a￿o￿ting
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 actt￿l 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. ev0h￿ting the busin0%8 rationale of significant (r￿￿aC110￿q outside the normal course of
businus atld reviewing accounting estinMtes forbi
.Perforning audit work over the risk of u￿jers1dteMent 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
fin￿la] $tOt¢ments. Also, the risk of not deteCtll￿ a matertal mi8Statement tt) fraud is FLigber than the risk of not
detectit)g olle T¢8ulting from ¢rn)r. as fraud may tnvolve deiibernte coJKeahnent by, for ex8mpl¢. forgery or int¢Dtional
miSrepre￿￿tatio￿￿ or through Coll￿1(￿.
A Sjrther description of our respollsibilitie8 for the audit of the fjno￿Ia] #aterwits is k>¢ated on the Fillanci81 Reporting
Cowictl'$ website at www.frc.or8.ukJauditoYsresponsiThilxti&* This d￿CriPtion 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 t￿￿tee5, 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, re￿rt and for no other pU￿se. 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 tn￿l¢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 Sts￿￿y 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 gaij￿10(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
I￿eStment 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
Unrestri￿cd 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 beh￿f 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 scH￿L
FOUIYDATION
CASH FLOW STATEMENT
FOR THE YEAR EIYDED 31sr DECEMBER 2024
2024
2023
Notes
Co$h flows from operating #ttlvltleA
Cash generated from opeMioAs
(613.463)
(849,848)
Net ¢ath us¢d in operatin8 artivities
{613.463)
(849.848)
C*5h flows from Investing ietiviti
Pur¢has¢ of fix¢d asset investments
Sale of heritag¢ a6S¢ts
Sal¢ of fix¢d ass¢t inv¢5(m¢nts
Sal¢ of invesun¢ni propeity
Cash funds not invc5ted
Interest rtt¢iv¢d
Dividends re¢¢ived
(20,056,393)
(5,765,379)
815,050
29JOO,116
(653.110)
397,281
508.095
(2,045,488)
2,333.890
17.679
21S.292
Net ¢ash proYid¢d by inv¢sting activities
4.545,660
521.373
Chang¢ in ¢4sh and e4slh eqviY4l¢nts i
the TeportlnE perlod
C&yh Ind ush equivalents at the
IxgSthDlng of th¢ reportlng ptrlod
3,932,197
(328.475)
285.214
613,689
Co$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
I￿reas¢ 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 t￿tel 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
B*sl$ Of preparing the fu￿n¢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 R￿UbliC 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 Y￿u¢, 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 sigoifii*nt ￿O￿ting 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 j￿dgeMentS #Nd kty sourtts Of es1th￿tIon Mn¢ert*lnty
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 rele￿t. 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 sOU￿tS of estIn￿tIon uncertainty that have a significant effect on the arnounts reCo￿lS¢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 hIS￿riCal 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 b￿lS 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 coMrni￿nI 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 Sp￿lfIed by th¢ donor or when funds raised for parti¢ular restricted purposes.
Fwther ¢xplan8tion of th¢ n8tur¢ and Purpose of earh futsd is inc1￿1¢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 dispo￿1$ 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]m￿ed.
Fiti*Dtl*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)
TOt￿S
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¢*d￿mY 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 cO￿s
Governahce
M8nagement
Finan¢¢
Totsls
Other resources expended
2.641
19,467
5.865.647
5,887,755
SUp￿rt Costs, i￿l￿ded in th¢ above, are &8 follows:
2024
2023
r¢sourc¢s
expended
Totsl
activitlC5
lDsurw￿t
Advertisin8
Sundri¢s
Founders day fe¢$
Bank charges
Exchange diff￿nCeS
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 Chari￿s fmanci&l
2.928
2.790
IIiUSTEES' REMUNERATION AND BENEFTrs
Th¢r¢ w¢r¢ no trnstees, remuneration or other Fknefits for the y￿r ended 31st De¢emixr 2024 nor for the ye4r
ended 31st De¢¢mber 2023.
Tn￿tte￿, 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
I￿V￿u5 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¢1￿01
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
#t
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.
cRED￿ORS. AMOUNTS FALUNG DUE WTfHIN ONE YEAR
2024
2023
as restated
Gr*nts 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
DesignM*d 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".
I￿omin8
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 ex￿￿￿ed without rethKkng the capital b￿C of the
Foundation.
16. Co￿NEc[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 S￿dry itKorn¢
Dividends and inier¢st T￿r]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
Ch*ritablt 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
Govern*nce 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 g*lns &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 $t*m¢nts
Pag¢ 25