(tharity Registration NUm￿r. 528713
TANWORTH EDUCATIONAL FOUNDATION
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
THOMAS & YOUNG LIMrrED
CHARTERED ACCOUNTANTS
Solihull

TANWORTH EDUCATIONAL FOUNDATION
LEGAL AND ADMINisfRATIVE INFORMATION
TRUSTEES
VAHake
R King
S Hipkiss
R Muntz
J W H Brown - resigned
D Burgess
P Pope
N Farrow
P Stewart
CHARITY NUMBER
528713
REGIsfERED OFFICE
The Old Workhouse
Well Lane
Tanworth in Arden
Solihull
West Midlands
B94 SAH
INDEPENDEKf EXAMINER
Thomas Young Limited
Chartered Accountsnts
Carleton House
266-268 Stratford Road
Shidey
Solihull
West Midlands
B90 3AD
BANKERS
Lloyds TSB PIC
22 Bridge Street
Strattord uwn Avon
Wa￿ickshire
CV27 6AG
soucrroRS
Lodders
Elm Court
Arden Street
stratford uFK)n Avon
Warwickshi
CV37 6PA

TANWORTH EDUCATIONAL FOUNDATION
LEGAL AND ADMINIsfRATIVE INFORMATION {Continued)
INVESTMENT MANAGERS
Barclays Wealth
I Colmore Square
Birmingham
West Midlands
M & G Investments
M & G Charities
PO Box 9038
Chelmsford
Essex
CM99 2XF
CCLA Investment Management Limite
COIF Charity Funds
80 Cheapside
London
EC2V 6DZ
Brewin Dolphin
The Chatwin Building
81 Colmore Row
Birmingham
B3 2AP

Page I
TANWORTH EDUCATIONAL FOUNDATION
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustees present their report and financial statements for the year enda 31 December
2023.
The financial statements have been prepar&J in accordan￿ with the accounting policies set
out in Note I to the financial statements and comply with the Charity's Trust Deed, the
Charities Act 2011 and Accounting and reporting by Charities: Ststement of Recommend8J
Practice: applicable to charities preparing their accounts in accordance wth the Financial
Reporting Stsndard applicable in the UK and Republic of Ireland published in OCto￿r 2019.
Objectives and Activities
The objett of the Charity is to 'proff￿te and advance the education of boys and girls in the
parish of Tanworth and to seNe other charitable U￿,. The a￿ve purFoses are principally
seNed by the Trust*s maintainlng and improving the properties owned by the Charity and
giving grants to the schools situated in Tanworth in Arden and on Sathr Street, Earlswc(*J.
The income of the Charty consists of dlvldends and interest frorn quot8J ￿UrItieS. M & G
Charifvnd Units and the Charibes Offiaal Investment Fund. The Charity also has investsnent
properties from which rent is r￿e1ved.
The Trustees approve grants as they think fit that ftjrther the objeLts of the Charity, acting
within the terms of the Trust DeExi which governs the Charity.
Achievements and Perforniance
Income generated has been distributed to SUPtX)rt additional teaching Fersonnel at Tanwo
and Salter Street Schcx)Is.
Flnandal Revlew
It is the policy of the Charty that unrestrictej funds which have not been designated for a
specific u* should be maintained at a levd equivalent to trE￿n three and six months,
expenditure. The Trustees consider8J that reservices at this level will ensure tha¢ in the
event of a significant drop in funding, they will te able to conb'nue the Charity's current
activities while consideration is given to ways in which additional funds may be raised. This
level of reserves has b￿n Maintain￿ throughout the year.
Totsl income for 2023 was £71,757 (2022: £70,158) derivej from investsiient income.
Income generated has trEen distributed to 5UPWrt additional teaching p￿sonnel at Tanworth
and Salter Street Sch¢)ols.

Page 2
TANWORTH EDUCATIONAL FOUNDATION
TRusfEES' REPORT (Contlnued)
FOR THE YEAR ENDED 31 DECEMBER 2023
Flnanclal Revlew (continued)
At the end of the year, the Charity had totsl net assets of £4,669,735 compared with
£3,780,429 at the end of 2022. This increase in totsl net assets of the Twst of £889,306
was made up as follows..
2023
2022
Net surplusl(deflcit) on ￿1VitieS in the year
Surplus on sale of investment properties
Surplusl(deficit) on sale of investments
Increase/(decrease) in value of investments during the year
Revaluation of investsnent properties
8,422
339,210
45
H,230
497,399
(6,110)
342,482
(44)
(91,610)
Increase in totsl net assets during the year
889,306
24,718
ReseNe Policy
The accumulated income fund is maintsined at a level considered desirable by the Trustees
so as to meet contingencies and adequately cover net outgoing resourtrs arising from higher
than normal levels of charttable expenditure which are incurred from time to time. At the
year end, there was a totsl of £69,315 (2022., £60,893) unrestricted fvnds arKI £4,600,420
(2022.. £3,719,536) of endowment funds.
Going cOn￿rn
The Trustees have considered, in the context of the Covid-19 pandemic, the goirvj concern
concept and any a550ciated material Un￿r￿int1eS, the basis of any significant judgements
and the matter5 to consider when confimiing the p￿paratiOn of the fina￿la1 ststements on
going concern basis and the Trustees are comfortable that there are not any adjustments
required. The Trustees eX￿t the Charity to continue in operatv)n for at least 12 months
from the date of signing the financial ststements.
Investment Policy
The investment strategy is set by the Trustee5 on an ongoing basis and takes account of
recent demand for fijnds and the quantity of funding applicab'ons. The Trustees consider the
income requirements, the risk profile and the investment managerfs view of the mathet
prospects in a medium temi.
Public Benefit
In preparing this Report, the Trust￿ have complièj with the duty of Srftion 17 of the
Chanties Act 2011, to have due regard to public benefit guidan￿ published by the Charity
Commission.

Page 3
TANWORTH EDUCATIONAL FOUNDATION
TRusfEES' RPORT (Continued)
FOR THE YEAR ENDED 31 DECEMBER 2023
stnthre, Governan￿ and Management
The Tanworth Educational Foundation is constituted by a TNst Deed and is a r83istered
Charity, Number 528713.
The Trust*s who have served during the year and since the year end are set out on page l.
The￿ are four Representstive Trustees who are appointed ty the Tamworth Parish Council
and serve for five years. The other Trustees are co-opted by the ejisting Trustees for
period of seven years.
The Trustees have examined the major strategic and operational risks which the Charity
faces and confirm the systems have been estsblished to enable regular ReFK)rts to
prodU￿d so that the ndressary steps can be tsken to les*n these risks.
Trustee Appointmen¢ Induction and Training
New Trustees are briefed on their legal obligations under charity law, decision making
proce55, Stratsjy and recent financial performance of the Charity. During the induction they
meet key employees and other Trust￿5. Trustees are encouraged to attend appropriate
training events, where these will facilitate the undertaking of their role,
Plans for Future Periods.
The Trustees intend to continue to supp)rt Tanworth and Salter Street khools, t(KJether
with improving the condition of propety owned by the Charty.
Risk Management
The Trustees have assessed the major risks to which the Charty is exposed and are satisfied
that systems are in Pla￿ to m"ftigate exposure to the major risks.
The Trustee's Report was approved by the Board of Trustees
VAHake
Dated.,

Page 4
TANWORTH EDUCATIONAL FOUNDATION
STATEMENT OF TRusfEE'S RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustees are responsible for preparing the Trustees, Report and the financial statement
in accordance with applicable law and United Kingdom Accounting Standards (United
Kingdom Generally Accepted Accounting Prattice).
The law applicable to Charities in England and Wales requires the Trust￿ to prepare
financial statements for each financÉal year which give a true and fair view of the state of
affairs of the Charity and of the incorning resources and application of resources of the
Charity for that year.
In preparing these financial statements, the Trust￿ are required to..
select sultable accounting policies and then apply them con5iStently'
obseNe the methods and prlnciples in the Charities SORP,
make judgements and estimates that are reasonabk and prudent;
state whether applicable accounting standards have been followed, subjett to any
material departures disclosed and explained in the financial statements; and
prepare the financial statements on the going con￿rn basis unless it is
inappropriate to presume that the Charity will continue in opwation,
The Trust&5 are responsible for keeping sufficient accounting records that disclose with
reasonable accuracy at any time the financial ry)sition of the Charity and enable them to
ensure that the financial statements comply with the Charities Act 2011, the Charity
(Accounts and RerK)rts) Regulab"ons 2008 and the provisions of the Trust Deed. They are
also restx)nsible for safeguarding the assets of the Charity and hen￿ for tsking ￿asOnable
steps for the prevention and detettion of fraud and other irregularities.

Page 5
TANWORTH EDUCATIONAL FOUNDATION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF TANWORTH EDUCATIONAL FOUNDATION
I report on the financial statements of the Charity for the year ended 31 December 2023,
which are set out on pages 6 to 17.
Responsibilities and Basis of Report
As the Trustees of the Charity you are ￿pOnsIble for the preparation of the accounts in
accordan￿ with the requirements of the Charib'es Act 2011 Cthe 2011 Att?.
I report in respect of my examination of the Charty's accounts carried out under Section
145 of the 2011 Act and in carrying out my examination I have followed all the applicable
directions given by the Charity Commission under *tion 145 (5){b) of the 2011 Act.
An independent examination d¢XS not involve gathering all the evider£e that would be
required in an audit and consequentty does not cover all the matters that an auditor
considers in giving their opinion on the accounts. The planning and conduct of an aLtdit
go￿ beyond the limited assurance that an inde￿ndent examination can provide.
Consequently* I expre55 no opinion as to whether the accounts present a 'true and fair
Vie￿ and my reFQrt is limited to those sperific matters set out in the independent
examiner's statement.
Independent Examlner's Ststement
I have completej my examination. I confim that no material matters have come to my
attention in connection with the examination giving me reasonable cause to believe that In
my material res￿t.
accounting r￿rdS were not kept in reSp￿t of the Charity, as required by Settion 130
of the 2011 Act; or
the accounts do not accord with those records; or
the accounts do not comply with the applicable rquirements concerning the form and
content of accounts Set out in the Charities (Accounts and Reports) Regulations 2008
other than any requirement that the accounts give a Irue and fair vie¥rf, which is not
a matter considered as part of an indeFendent examination.
I have no concerns ar¢d have come acros5 no other matters in connection wrth the
examination to which attention should be drawn in this Report in order to enable a proper
understanding of the accounts to be reached.
for and on behalf of Thomas and Young Limited
Chartered Accountants and Registered Auditor
Date:
Carleton House
Carleton House
266-268 stratford Road
Shirley, Solihull
West Midlands
BIXI 3AD

Page 6
TANWORTH EDUCATIONAL FOUNDATION
srATEMENT OF FINANCIAL AcrivrriES
FOR THE YEAR ENDED 31 DECEMBER 2023
Unrestrirted Endowment
Funds
Funds
Totsl
2023
Total
2022
Notes
Income from:
Investments
71,757
71,757
70,158
Expenditure
Raising fvnds
9,388
9,388
8,280
Charitable ￿1vitieS
53,947
53,947
67,988
Totsl resour￿ expended
63,335
63,335
76,268
Net surplusl(defiat) on activ"Ities
8,422
8,422
(6,110)
Net gains on investments
880,884
880,884 250,828
Net movement in funds
8,422
880,884
889,306
244,718
Total funds brought fonNard
60,893 3,719,536 3,780,429 3,535,711
Totsl furKls carried forward
69,315 4,600,420 4,669,735 3,780,429

Page 7
TANWORTH EDUCATIONAL FOUNDATION
BALANCE SHEEr
AS AT 31 DECEMBER 2023
2023
2022
Note
Flxed assets
Tangibte assets
Investment proF*rties
Investments
1,778,706
1,176,650
1,120,673
1,778,706
679,251
1,077,214
4,076,029
3,535,171
Current assets
Debtors
Cash at Bank and in hand
io
2,061
260,807
601,265
602,173
262,868
Creditors: amounts falling due
within one year
li
(8,467)
(17,610)
Net current assets
593,706
245,258
Total assets less current liabilities
4,669,735
3,780,429
Capitsl and reseryes
Endowment funds
Unrestricted funds
13
14
4,600,420
69,315
3,719.536
60,893
4,669,735
3,780,429
The financial statements were approv& by the Trustees on
VAHake
P Pope
io

Page 8
TANWORTH EDUCATIONAL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting Poliaes
Charity information
The Tanworth Educatlonal Foundation is a charitable Trust regi5teroJ in England.
The address of the Chaiivs registered Office is: The Old Workhouse, Well Lane,
Tanworth in Arden, Solihull, West Midlands, B94 5AH.
Accounting Convention
The financial statements have prepared in accordance with the accounting
policies set out in Note I to the financial statements and comply with the Charity's
Trust D￿d, the Charities Act 2011 and Accounting and reporting by tharities:
Statement of Recommended practi￿.. applicable to charities preparing their accounts
in accordan￿ with the Financial Reporting Stsndard applicable in the UK and Republic
of Ireland publish& in Cktober 2019.
The Charity is a Public Benefit Entity as define￿ by FRS 102.
The financial statements have departed from the Charities (Accounts and Reports)
Regulation5 2008 only to the extent required to provide a true and fair view. This
departure has involved following the Statement of Recommended Practice for
charities applying FRS 102 rather than the version of the Statement of Recornmended
Prathce which is r*rred to in the RegLtlations but which has since been withdrawn.
The financial statements are prepard in sterling, which is the functional currency of
the Charty. Monetsry amounts in these financial statements are rounded to the
nearest £.
Going Concern
The Trust&s have considered, in the context of the Covid-19 pandemic, the going
cor￿rn concept and any asxKiated material uncertainties, the basis of any significant
judgements and the matters to consider when confirming the preparation of the
financial statements on a going concern basis and the Trust￿ are comfortable that
there are not any adjustnEnts required. The Trustees expect the Charity to continue
in operation for at least 12 months from the date of signing the financial ststsments,
Charitable Funds
Unrestricted funds are available for u* at the discretion of the Trustees in
fvrtherance of their charitable objecbves unless the funds have designated for
other pUr￿Se5.
The endowment ￿nd represents those assets which are treated as being held
permanently by the Charity, principally properties and investments. Income arising
on the endownEnt fund can be used in accordance with the objects of the Charity
and is included as unrestritted income. Any capitsl gains or losses arising on the
investments form part of the fund. In addition, any grants receivable to fund
improvements are included as income of the erHJowrrEnt fund.

Page 9
TANWORTH EDUCATIONAL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting Policies (Continued)
Income Reg)urces
Income is recognised when the Charty is legally entldgj to it after any rErforman
conditions have b￿n met, the amounts can ￿ measured reliablyi and it is probable
that income will l￿ received.
The dividends and interest receivable represents the gross income receivable in
resrect of the investment assets plus the interest rettivable on the COIF Dep)sf( and
the monies held by the Portfolio Manager.
The gross rents and ground rents represent the rent r&eivable on the Charity's
investment propertie5.
Allocatlon of Investment Income
Investrnent inconE and net gains and losses are alllxated over the fijnds in
accordance with the balances on those funds.
Expenditure
Liabilities are recognised as resour￿ expended as soon as there is a legal or
constructive obligation committing the Charity to expenditure. All expenditure is
accounted for on an accruals basis and has b￿n classified under headings that
aggregate all costs related to the category. Irrecoverable VAT Is charged against the
category of resour￿5 expended for which it was incurr8J.
ExpeTrJiture on raising funds are those incurred in attracting voluntary income.
Charitsble activities consist of the grants given to the schools at Tanworth Sn Arden
and Salter Street, Earlswood.
Governan￿ costs are included within supwrt costs and comprise all costs involving
the public accountability of the Charity and its Complian￿ with regulations of g¢xtd
practi￿. These costs indude costs related to independent examinatlon and legal fees
together with an appointment of overheads and other support Costs.
Legacies are recconised on receipt or otherwise if the Charity has b￿n notified of any
impending distribub'on, the amount is known, and receipt is expected. If the amunt
is not known, the legacy is tr&ited as a contingent asseL

Page 10
TANWORTH EDUCATIONAL FOUNDATION
NOTES TO THE FINANCIAL sTATEME￿ts (Continued)
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting Policies (Continued)
Tangible Fixed Assets
The properties owned and US￿ ft)r the purwse of the Ob]￿ts of the Charity have not
been revalu￿. The cost of these properties is shown in the Balance Sheet at a figure
that excludes the cost incurred to acquire or improve the proFerty when incurred prior
to l January 1962. The cost of any property acquired or improved p)st l January
1962 but pre 31 December 1995 only represents the Charity's propO￿On of such cost
Whe￿ the balan￿ is fvnded by the DfE. Any cost incurred post l January 1996 or in
1995 on projects ongoing in 1996, includes the total cost both of the Charity and
outside funders.
No depreciation is charged in these financial ststements In respect of propertTes used
for charitsble purFoses. It is the Charity's policy to maintain these properties to a
high stsndard to result in a residual value in line with the cost and the costs of
Maintenan￿ are charged in the statement of financial activities.
Investment Properties
Investment property, which is propetty held to eam rentals and/or for capital
appreciation, is initially measured at cost and subsequently measured using the fair
value model and stat8J at ts fair value as the reporting end date. The surplus or
deficit on revaluation is recognised in net lncomel(ex￿nditUre) for the year.
Fixed Asset Investments
Fixed asset investments are initially measured at tranwtion price excluding
transaction costs, and are subsequently measured at fair valLte at each reporting date.
Changes in fair value are ￿CogniSed in net income/{expenditure) for the year.
Transaction costs are exFensed as incurred.
Cash and Cash Equivalents
Cash and cash equivalents include cash in hand, deposf(s held at call with banks,
other short-temi liquid investments with original maturities of three months or less,
and bank overdrafts. Bank overdrafts are shown within torrowings in curn
liabilities.
Financial Instruments
The Charity has elected to apply the provisions of Section 11 'Basic Firkincial
Instructions, of FRS 102 to all of its financial instruments.
Financial instruments are recogni28J in the Charity's Balan￿ Sheet when the Charity
becomes party to the Contr￿Ual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the
financial statements, when there is a legally enforceable right to * off the
recogniz& amounts and there is an intention to settle on a net basis or to realise the
asset and setde the liability simultaneously.

Page 11
TANWORTH EDUCATIONAL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting Poltcies (Continued)
Basic Financial Assets
Basic financial assets, which indude debtors and cash and bank balan￿$, are initially
measured at transaction price including transaction costs and are subsequently carried
at amortised cost less any amounts settl8J.
Basic Financial Liabilities
Basic financial liabilities, including Cr￿ltorS are In￿allY recognized at transaction price
including transaction costs and are subsequently carried at al￿rtiSed cost less any
amounts settled.
Critical Acrnunting Estimates and Judgments
Estimates and judgements are continually evalua￿1 and are based on histortcal
experien￿ and other factors, induding expectations of ftrture events that are believed
to be reasonable under the cirCumstan￿s. The T￿J$t￿ consider the valuation of the
Charity's investment properties on an annual basis. The valuation of the investment
properties is inherentty subjecttve, and the Trustees consider the location and
expected future rental revenues among other factors in order to determine the value
on an open market existing use basi5.
Investments
2023
2022
Dividends and interest receivable
Gross rents aThJ ground rents r￿e1Vable
44,076
27,681
36,065
34,093
71,757
70,158
Income relates to unrestricted funds £71,757 (2022: £70,158).
Raising Funds
2023
2022
Investment property expenses
Pnjperty insuran
Repairs
3,999
3,730
2,403
4,103
7,729
6,506
Portfolio management fees
1,659
1,774
9,388
8,280
Expenditure on raising funds relates to unrestricted fiJnds £9,388 (2022.. £8,280).

Page 12
TANWORTH EDUCATIONAL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 DECEMBER 2023
Charitable Activities
2023
2022
Insurance
Grants payable to Tanworth in Arden SchJol
Grants payable to Salter Street School
Clerks, charges and expenses
Professional charges (governan￿ costs)
306
22,000
22,000
5,125
4,516
884
39,667
19,913
4,096
3,428
53,947
67,988
Expendtture on charitsble activities relates to unrestrictèj funds £53,947 (2022..
£67,988),
Professional charges include fees payable to the indetEndent examiner totsling £850
(2022: £800) and accountsncy servi￿5 totaling £950 (2022: £880).
Trustees Remuneration
The Trustees received no remuneration during the year (2022: £Nil) and We￿ not
reimbursed for any of their expenses in the year (2022.. £Nil).
There were no employees of the Trust during the year (2022: mne).
Net Gainsl(Losses) on Investments
2023
2022
Revaluatlon gainsl(losses) of investments
Gainl{loss) on sale of investments
Gain on sale of investment properties
Revaluation of investment propertie5
44,230
45
339,210
497,399
(91,610)
(M)
342,482
880,884
250,828
Other r￿Qgnized gains and losses relates to endowment funds £880,884 (2022:
£250,828).

Page 13
TANWORTH EDUCATIONAL FOUNDATION
NOTES TO THE FINANCIAL sfATEMENTS (Continued)
FOR THE YEAR ENDED 31 DECEMBER 2023
Tangible Fixed Assets
Tamworth in Salter Str¢et
Arden Sthool
School
Totsl
Cost
At l January 2023
1,085,437
693,269
1,778,706
At 31 t)e￿mber 2023
1,085,437
693,269
1,778,706
Carrying Amount
At 31 December 2023
1,085,437
693,269
1,778,706
At 31 December 2022
1,085,437
693,269
1,778,706
The cost of propety acquired by the Trust￿ prior to l January 1962, and capitsl
improvements carried out before that date, are not included in the Balan￿ Sheet.
As a result of the alx)ve policies the Balan￿ Sheet does not necessarily include all the
costs incurred on the Charity's properties.
Investment Property
2023
Fair value
At l January 2023 and 31 December 2023
1,176,650
The investment propertles were revalued as at 31 December 2023 by the Trustees at
an open market value of £1,176,650. Following the sale of one property and some
land during the year, the value at 31 December 2023 Is £1,176,650. The Trustees
reviewed this valuation during the year ended 31 D￿ernber 2023, and believe it to
still be a true refleth'on of the value of the properties.
The cost of the investment properties as previously r￿rded in the financial
ststements of tIE Charity was £66,020. It Is unlikely that this truly refiects the cost of
the properties as costs incurrej pre 1962 were not induded in the financial
statements.

Page 14
TANWORTH EDUCATIONAL FOUNDATION
NOTES TO THE FINANCIAL sfATEMENTS (Continued)
FOR THE YEAR ENDED 31 DECEMBER 2023
Fixed Asset Investments
Llsted Monies held
Investments by portfollo
manager
Totsl
Cost or valuation
As at l January 2023
Valuation changes
Management fees
Funds transferred (Addfcions) less invested
Disrx)sals
1,076,318
45,518
896
1,077,214
45,518
(2,104)
45
(2,104)
45
(1,672)
1,672
At 31 December 2023
1,120,209
464
1,120,673
Carrying Amount
At 31 DeTrrnber 2023
1,120,209
1,120,673
At 31 De￿rnber 2022
1,076,318
896
1,077,214
Listed investments at market value
The listed investments can be broken down as follows'.-
2023
2022
QLK)ted securities managed by Bardays
Wealth UK Equities
M & G Charifund Units
Charities, Official Investment Fund - Income units
628,157
304,551
187,501
594,137
311,879
170,302
Totsl
1,120,209
1,076,318
10. Debtors
2023
2022
Amounts falling due within one year:
Prepayments and accrued income
908
2,061

Page 15
TANWORTH EDUCATIONAL FOUNDATION
NOTES TO ThE FINANCIAL STATEMENTS (Contlnued)
FOR THE YEAR ENDED 31 DECEMBER 2023
11. Creditors: amounts falling due within one year:
2023
2022
Accruals and deferred Income
8,467
17,610
12. Financial Instruments
2023
2022
Carrying amount of financial assets
Debt instruments measured at amortised cost
Equty instrurrents measured at market value
908
1,120,673
2,061
1,077,214
Carrying amount of finandal Ilabllities
Measured at aMOrti￿ cost
8,467
17,610
13. Endowment Funds
Endowment funds ￿present assets which must be held permanently by the Charty.
Income arising on the endowment funds can be used in ￿CordanCe wfch the objetts of
the Charity and is included as unrestricte(l income. Any capitsl gains or bsses arising
on the assets fomi part of the fund.
Movements in funds
Balance at
Incoming
Resources Revaluatlons
Balan￿ at
l January Resources Expended
Galnsl 31 December
2023
(Losses)
2023
Endowment fund 3,719,536
880,884
4,600,420
3,719,536
880,884
4,600,420
For the prior year, the opening balance on the endowment fund was £3,468,708.
The onty movement in the year related to net gains on investments of £250,828,
giving a closing balan￿ of £3,719,536. The￿ were no incoming resour￿ or resour
expended.

Page 16
TANWORTH EDUCATIONAL FOUNDATION
NOTES TO THE FINANCIAL sfATEMENfs (Continued)
FOR THE YEAR ENDED 31 DECEMBER 2023
14. Unrestrictsd Funds
Movements in fund$
Ino)ming Resources
Balance at
Resour¢e$ expended December
2023
Balance at
January
2023
Unrestricted fund
60,893
71,757
(63,335)
69,315
60,893
71,757
(63,335)
69,315
For the prior year, the opening balance on the unrestricted fund was £67,003. The net
incoming resour￿ were £70,158 and resour￿5 expeThJed were £76,268,
giving a net movement in unrestricted fund of (£6,110), which leaves a closing balan
of £60,893.
15. Analysis of Net Assets Between Funds
Unrestiicted End•)wment
Funds
Funds
Total
Fund balan￿ at 31 D￿ember 2023 a￿ present6d by..
Tangible assets
Investment pr￿rtIeS
Investments
Current assetsl{liabilities)
1,778,706
1,176,650
1,078,256
566,808
1,778,706
679,251
1,120,673
600,373
42,417
26,898
69,315
4,600,420
4,669,735
Analysls of net assets between funds- prM>r year
Unrestslcted Endowment
Funds
Funds
Total
Fund balances at 31 December 2022 are presented by:
Tangible assets
Investment properties
Investments
Current a55etsl(liabilities)
1,778,706
679,251
1,044,097
217,482
1,778,706
679,251
1,077,214
245,258
33,117
27,776
60,893
3,719,536
3,780,429

Page 17
TANWORTH EDUCATIONAL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 DECEMBER 2023
16. Related Party TransKiions
There have been no transactions with related parties during the year (2022: None).