Charity Registration Number: 528713
TANWORTH EDUCATIONAL FOUNDATION
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
THOMAS & YOUNG LIMITED
CHARTERED ACCOUNTANTS
Solihull

TANWORTH EDUCATIONAL FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
TRUSTEES
VAHake
R King
S Hipkiss
R Muntz
D Burgess
P Pope
N Farrow
P Stewart
CHARITY NUMBER
528713
REGISTERED OFFICE
The Old Workhouse
Well Lane
Tanworth in Arden
Solihull
West Midlands
B94 SAH
INDEPENDENT EXAMINER
Thomas and Young Limited
Chartered Accountants
Carleton House
266-268 Stratford Road
Shirley
Solihull
West Midlands
B90 3AD
BANKERS
Lloyds TSB PIC
22 Bridge Street
Stratford upon Avon
Warwickshire
CV27 6AG
SOLICITORS
Lodders
Elm Court
Arden Street
Stratford upon Avon
Warwickshire
CV37 6PA

TANWORTH EDUCATIONAL FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION (Continued)
INVESTMENT MANAGERS
Brewin Dolphin
The ChatANin Building
81 Colmore Row
Birmingham
B3 2AP

Page I
TANWORTH EDUCATIONAL FOUNDATION
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees present their report and financial statements for the year ended 31 December
2024.
The financial ststements have been prepared in accordan￿ with the accounting policies set
out in Note I to the financial ststements and comply with the Charivs Trust Deed, the
Charities Att 2011 and Accounting and reporting by Charities: Statement of Recommended
Prattice: applicable to charities preparing their accounts in accordance with the Financial
Reporting Stsndard applicable in the UK and Republic of Ireland published in Ottober 2019.
Objectives and Activities
The objett of the Charity is to 'promote and advance the education of boys and girls in the
parish of Tanworth and to serve other charitable uses,. The above purposes are principally
served by the Trustees maintaining and improving the properties owned by the Charity and
giving grants to the schools situated in Tanworth in Arden and on Salter Street, Earlswood.
The income of the Charity consists of dividends and interest from quoted securities. The
Charity also has investment properties from which rent is received.
The Trustees approve grants as they think fit that further the objects of the Charity, atting
within the terms of the Trust Deed which governs the Charity.
Achievements and Performance
Income generated has been distributed to support additional teaching personnel at Tanworth
and Salter Street Schools.
Financial Review
It is the policy of the Charity that unrestritted funds which have not been designated for a
specific use should be maintained at a level equivalent to between three and six months,
expenditure. The Trustees considered that reserves at this level will ensure that, in the
event of a significant drop in funding, they will be able to continue the Charity's current
activities while consideration is given to ways in which additional funds may be raised. This
level of reserves has been maintained throughout the year.
Total income for 2024 was £77,223 (2023: £71,757) derived from investment income.
Income generated has been distributed to support additional teaching personnel at Tanworth
and Salter Street Schools.

Page 2
TANWORTH EDUCATIONAL FOUNDATION
TRUSTEES. REPORT (Continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
Financial Review (continued)
At the end of the year, the Charity had total net assets of £4,720,254 compared WFth
£4,669,735 at the end of 2023. This increase in total net assets of the Trust of £50,519
was made up as follows:
2024
2023
Net surplus/(deficit) on attivities in the year
Surplus on sale of investment properties
Surplus/(deficit) on sale of investments
Increase in value of investments during the year
Revaluation of investment properties
7,765
8,422
339,210
45
44,230
497,399
2,661
40,093
Increase in total net assets during the year
50,519
889,306
Reserve Policy
The accumulated income fund is maintained at a level considered desirable by the Trustees
so as to meet contingencies and adequately cover net outgoing reSoUr￿S arising from higher
than normal levels of charitsble expenditure which are incurred from time to time. At the
year end, there was a totsl of £77,080 (2023: £69,315) unrestritted funds and £4,643,174
(2023: £4,600,420) of endowment funds.
Going Concern
The Trustees have considered, in the context of the Covid-19 pandemic, the going concern
concept and any associated material uncertainties, the basis of any significant judgements
and the matters to consider when confirming the preparation of the financial ststements on
a going concern basis and the Trustees are comfortable that there are not any adjustments
required. The Trustees expett the Charity to continue in operation for at least 12 months
from the date of signing the financial statements.
Investment Policy
The investment strategy is set by the Trustees on an ongoing basis and tskes account of
re￿nt demand for funds and the quantity of funding applications. The Trustees consider the
income requirements, the risk profile and the investment manager's view of the market
prospects in a medium term.
Public Benefit
In preparing this Report, the Trustees have complied with the duty of Section 17 of the
Charities Att 2011, to have due regard to public benefit guidance published by the Charity
Commission.

Page 3
TANWORTH EDUCATIONAL FOUNDATION
TRUSTEES. RPORT (Continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
Structure, Governance and Management
The Tanworth Educational Foundation is constituted by a Trust Deed and is a registered
Charity, Number 528713.
The Trustees who have served during the year and Sin￿ the year end are set out on page l.
There are four Representative Trustees who are appointed by the Tamworth Parish Council
and serve for five years. The other Trustees are co-opted by the existing Trustees for a
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 Reports to be
produced so that the necessary steps can be tsken to lessen these risks.
Trustee Appointment Induction and Training
New Trustees are briefed on their legal obligations under charity law, decision making
process, strategy and recent financial performance of the Charity. During the induttion they
meet key employees and other Trustees. Trustees are encouraged to attend appropriate
training events, where these will facilitste the undertaking of their role.
Plans for Future Periods.
The Trustees intend to continue to support Tanworth and Salter Street Schools, together
with improving the condition of property owned by the Charity.
Risk Management
The Trustees have assessed the major risks to which the Charity is exposed and are satisfied
that systems are in place to mitigate 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 TRUSTEE'S RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees are responsible for preparing the Trustees, Report and the financial statement
in accordance with applicable law and United Kingdom Accounting Stsndards (United
Kingdom Generally Accepted Accounting practi￿).
The law applicable to Charities in England and Wales requires the Trustees to prepare
financial ststements for each financial year which give a true and fair view of the state of
affairs of the Charity and of the incoming resources and application of resources of the
Charity for that year.
In preparing these financial statements, the Trustees are required to:
selett suitsble accounting policies and then apply them consistently.
observe the methods and principles in the Charities SORP.
make judgements and estimates that are reasonable and prudent.
stste whether applicable accounting standards have been followed, subject to any
material departures disclosed and explained in the financial statements. and
prepare the financial ststements on the going concern basis unless it is
inappropriate to presume that the Charity will continue in operation.
The Trustees are responsible for keeping sufficient accounting records that disclose with
reasonable accuracy at any time the financial position of the Charity and enable them to
ensure that the financial ststements comply with the Charities Att 2011, the Charity
(Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed. They are
also responsible for safeguarding the assets of the Charity and hence for taking reasonable
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 ststements of the Charity for the year ended 31 December 2024,
which are set out on pages 6 to 17.
Responsibilities and Basis of Report
As the Trustees of the Charity you are responsible for the preparation of the accounts in
accordance with the requirements of the Charities Att 2011 Cthe 2011 Act?.
I report in respect of my examinatson of the Charity's accounts carried out under Section
145 of the 2011 Att and in carrying out my examination I have followed all the applicable
direttions given by the Charity Commission under Settion 145 (5)(b) of the 2011 Act.
An independent examination does not involve gathering all the evidence that would be
required in an audit and consequently does not cover all the matters that an auditor
considers in giving their opinion on the accounts. The planning and conduct of an audit
goes beyond the limited assurance that an independent examination can provide.
Consequently, I express no opinion as to whether the accounts present a 'true and fair
view, and my report is limited to those specific matters set out in the independent
examiner's ststement.
Independent Examiner's Statement
I have completed my examination. I confirm that no material matters have come to my
attention in connettion with the examination giving me reasonable cause to believe that in
my material respect:
accounting records were not kept in respect of the Charity, as required by Settion 130
ofthe 2011 Att. or
the accounts do not accord with those records. or
the accounts do not comply with the applicable requirements Con￿rning 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 'true and fair view,, which is not
a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with 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 o
homas and Young Limited
Chartered Accountants and Registered Auditor
Date:
Carleton House
Carleton House
266-268 Stratford Road
Shirley, Solihull
West Midlands
B90 3AD

Page 6
TANWORTH EDUCATIONAL FouNDA￿oN
STATEMENT OF FINANCIAL ACTDIITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted Endowment
Funds
Funds
Total
2024
Total
2023
Notes
Income from:
Investments
77,223
77,223
71,757
Expenditure
Raising funds
15,038
15,038
11,984
Charitable attivities
54,420
54,420
51,351
Total resources expended
69,458
69,458
63,335
Net surplus/(deficit) on activities
7,765
7,765
8,422
Net gatns on investments
42,754
42,754
880,884
Net movement in funds
7,765
42,754
50,519
889,306
Total funds brought forward
69,315 4,600,420 4,669,735 3,780,429
Total funds carried forward
77,080 4,643,174 4,720,254 4,669,735

Page 7
TANWORTH EDUCATIONAL FouNDA￿oN
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Note
Fixed assets
Tangible assets
Investment properties
Investments
1,778,706
1,653,609
1,163,151
1,778,706
1,176,650
1,120,673
4,595,466
4,076,029
Current assets
Debtors
Cash at Bank and in hand
10
812
132,286
908
601,265
133,098
602,173
Creditors: amounts falling due
within one year
11
(8,310)
(8,467)
Net current assets
124,788
593,706
Total assets less current liabilities
4,720,254
4,669,735
Capital and reserves
Endowment funds
Unrestritted funds
13
14
4,643,174
77,080
4,600,420
69,315
4,720,254
4,669,735
The financial statements were approved by the Trustees on
2S
VAHake
P Pope

Page 8
TANWORTH EDUCATIONAL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting Policies
Charity information
The Tanworth Educational Foundation is a charitsble Trust registered in England.
The address of the Charity's registered Office is: The Old Workhouse, Well Lane,
Tanworth in Arden, Solihull, West Midlands, B94 5AH.
Accounting Convention
The financial statements have been prepared in accordance with the accounting
policies set out in Note I to the financial statements and comply with the Charity's
Trust Deed, the Charities Att 2011 and Accounting and reporting by Charities:
ststement of Recommended Practice: applicable to charities preparing their accounts
in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic
of Ireland published in October 2019.
The Charity is a Public Benefit Entity as defined by FRS 102.
The financial statements have departed from the Charities (Accounts and Reports)
Regulations 2008 only to the extent required to provide a true and fair view. This
departure has involved following the Ststement of Recommended Prattice for
charities applying FRS 102 rather than the version of the Statement of Recommended
prattl￿ which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of
the Charity. Monetsry amounts in these financial statements are rounded to the
nearest £.
Going Concern
The Trustees have considered, in the context of the Covid-19 pandemic, the going
con￿rn concept and any associated material Un￿rtaInties, 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 Trustees are comfortable that
there are not any adjustments required. The Trustees expect the Charity to continue
in operation for at least 12 months from the date of signing the financial ststements.
Charitable Funds
Unrestricted funds are available for use at the discretion of the Trustees in
furtherance of their charitable objettives unless the funds have been designated for
other purposes.
The endowment fund represents those assets which are treated as being held
permanently by the Charity, principally properties and investments. Income arising
on the endowment fund can be used in accordan￿ with the objects of the Charity
and is included as unrestricted income. Any capital 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 endowment fund.

Page 9
TANWORTH EDUCATIONAL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting Policies (Continued)
Income Resources
Income is recognised when the Charity is legally entitled to it after any performance
conditions have been met, the amounts can be measured reliably, and it is probable
that income will be re￿ived.
The dividends and interest receivable represents the gross income receivable in
respect of the investment assets plus the interest re￿1vable on the COIF Deposit and
the monies held by the Portfolio Manager.
The gross rents and ground rents represent the rent receivable on the Charity's
investment properties.
Allocation of Investment Income
Investment income and net gains and losses are allocated over the funds in
accordance with the balan￿S on those funds.
Expenditure
Liabilities are recognised as reSoUr￿S 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 been classified under headings that
aggregate all costs related to the category. Irrecoverable VAT is charged against the
category of reSoUr￿S expended for which it was incurred.
Expenditure on raising funds are those incurred in attracting voluntsry income.
Charitsble attivities consist of the grants given to the schools at Tanworth in Arden
and Salter str￿t, Earlswood.
Governan￿ costs are included within support costs and comprise all costs involving
the public accountability of the Charity and its compliance with regulations of good
prattice. These costs include costs related to independent examination and legal fees
together with an appointment of overheads and other support costs.
Legacies are recognised on receipt or otherwise if the Charity has been notified of any
impending distribution, the amount is known, and re￿Ipt is expected. If the amount
is not known, the legacy is treated as a contingent asset.

Page 10
TANWORTH EDUCATIONAL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting Policies (Continued)
Tangible Fixed Assets
The properties owned and used for the purpose of the objects of the Charity have not
been revalued. The cost of these properties is shown in the Balan￿ Sheet at a figure
that excludes the cost incurred to acquire or improve the property when incurred prior
to l January 1962. The cost of any property acquired or improved post l January
1962 but pre 31 De￿mber 1995 only represents the Charity's proportion of such cost
where the balance is funded 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 respett of properties used
for charitable purposes. 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
maintenance are charged in the ststement of financial attivities.
Investment Properties
Investment property, which is property held to earn rentals and/or for capital
appreciation, is initially measured at cost and subsequently measured using the fair
value model and ststed at its fair value as the reporting end date. The surplus or
deficit on revaluation is recognised in net income/(expenditure) for the year.
Fixed Asset Investments
Fixed asset investments are initially measured at transaction pri￿ excluding
transattion costs, and are subsequently measured at fair value at each reporting date.
Changes in fair value are recognised in net income/(expenditure) for the year.
Transattion costs are expensed as incurred.
Cash and Cash Equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks,
other short-term liquid investments with original maturities of three months or less,
and bank overdrafts. Bank overdrafts are shown within borrowings in current
liabilities.
Financial Instruments
The Charity has elerted to apply the provisions of Section 11 'Basic Financial
Instructions, of FRS 102 to all of its financial instruments.
Financial instruments are recognized in the Charity's Balance Sheet when the Charity
becomes party to the contrattual 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 set off the
recognized amounts and there is an intention to settle on a net basis or to realise the
asset and settle the liability simultsneously.

Page 11
TANWORTH EDUCATIONAL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting Policies (Continued)
Basic Financial Assets
Basic financial assets, which include debtors and cash and bank balances, are initially
measured at transattion price including transaction costs and are subsequently carried
at amortised cost less any amounts settled.
Basic Financial Liabilities
Basic financial liabilities, including creditors are initially recognized at transaction pri
including transattion costs and are subsequently carried at amortised cost less any
amounts settled.
Critical Accounting Estimates and Judgments
Estimates and judgements are continually evaluated and are based on historical
experience and other fattors, including expectations of future events that are believed
to be reasonable under the cirCumstan￿s. The Trustees consider the valuation of the
Charity's investment properties on an annual basis. The valuation of the investment
properties is inherently subjettive, and the Trustees consider the location and
expetted future rental revenues among other factors in order to determine the value
on an open market existing use basis.
Investments
2024
2023
Dividends and interest receivable
Gross rents and ground rents receivable
45,502
31,721
44,076
27,681
77,223
71,757
Income relates to unrestricted funds £77,223 (2023: £71,757).
Raising Funds
2024
2023
Investment property expenses
Property insuran￿, rates and water
Repairs
Residential management fees
999
5,468
2,830
3,999
3,730
2,596
9,297
10,325
Portfolio management fees
5,741
1,659
15,038
11,984
Expenditure on raising funds relates to unrestritted funds £15,038 (2023: £11,984).

Page 12
TANWORTH EDUCATIONAL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
Charitable Activities
2024
2023
Insuran
Grants payable to Tanworth in Arden School
Grants payable to Salter Street School
Clerks, charges and expenses
Professional charges (governance costs)
222
20,000
20,000
4,254
9,944
306
22,000
22,000
5,125
1,920
54,420
51,351
Expenditure on charitable activities relates to unrestritted funds £54,420 (2023:
£51,351).
Professional charges include fees payable to the independent examiner totsling £850
(2023: £850) and accountsncy services totsling £950 (2023: £950).
Trustees Remuneration
The Trustees re￿iVed no remuneration during the year (2023: £Nil) and were not
reimbursed for any of their expenses in the year (2023: £Nil).
There were no employees of the Trust during the year (2023: none).
Net Gains/(Losses) on Investments
2024
2023
Revaluation gains/(losses) of investments
Gain on sale of investments
Gain on sale of investment properties
Revaluation of investment properties
40,093
2,661
44,230
45
339,210
497,399
42,754
880,884
Other recognized gains and losses relates to endowment funds £42,754 (2023:
£880,884).

Page 13
TANWORTH EDUCATIONAL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
Tangible Fixed Assets
Tamworth in Salter Street
Arden School
School
Total
Cost
At l January 2024
1,085,437
693,269
1,778,706
At 31 December 2024
1,085,437
693,269
1,778,706
Carrying Amount
At 31 December 2024
1,085,437
693,269
1,778,706
At 31 December 2023
1,085,437
693,269
1,778,706
The cost of property acquired by the Trustees prior to l January 1962, and capital
improvements carried out before that date, are not included in the Balan￿ Sheet.
As a result of the above policies the Balance Sheet does not necessarily include all the
costs incurred on the Charity's properties.
Investment Property
2024
Fair value
At l January 2024 and 31 December 2024
1,653,609
The investment properties were revalued as at 31 December 2024 by the TrUSt￿S at
an open market value of £1,653,609. Following the purchase of one propety during
the year, the value at 31 De￿mber 2024 is £1,653,609. The Trustees reviewed this
valuation during the year ended 31 December 2024, and believe it to still be a true
reflettion of the value of the properties.
The cost of the investment properties as previously recorded in the financial
ststements of the Charity was £542,979. It is unlikely that this truly reflects the cost
of the properties as costs incurred pre 1962 were not included in the financial
statements.

Page 14
TANWORTH EDUCATIONAL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
Fixed Asset Investments
Listed Monies held
Investments by portfolio
manager
Total
Cost or valuation
As at l January 2024
Valuation changes
Management fees
Funds transferred (Additions) less invested
Disposals
1,120,209
42,754
464
1,120,673
42,754
(5,741)
70,791
(67,530)
(5,741)
12,249
60,745
(67,530)
At 31 December 2024
1,156,178
6,973
1,163,151
Carrying Amount
At 31 December 2024
1,156,178
4,769
1,163,151
At 31 December 2023
1,120,209
464
1,120,673
Listed investments at market value
The listed investments can be broken down as follows:_
2024
2023
Listed investments managed by Brewin Dolphin
Bonds and funds
Listed investments
Wealth UK Equities
M & G Charifund Units
Charities, Official Investment Fund - Income units
192,584
963,594
628,157
304,551
187,501
Totsl
1,156,178
1,120,209
10. Debtors
2024
2023
Amounts falling due within one year:
Prepayments and accrued income
812
908

Page 15
TANWORTH EDUCATIONAL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
11. Creditors: amounts falling due within one year:
2024
2023
Accruals and deferred income
8,310
8,467
12. Financial Instruments
2024
2023
Carrying amount of financial assets
Debt instruments measured at amortised cost
Equity instruments measured at market value
812
1,163,151
908
1,120,673
Carrying amount of financial liabilities
Measured at amortised cost
8,310
8,467
13. Endowment Funds
Endowment funds represent assets which must be held permanently by the Charity.
Income arising on the endowment funds can be used in accordan￿ with the objects of
the Charity and is included as unrestritted income. Any capital gains or losses arising
on the assets form part of the fund.
Movements in funds
Incoming
Resources Revaluations
Balance at
Resources
Expended
Gainsl 31 December
(Losses)
2024
Balance at
l January
2024
Endowment fund 4,600,420
42,754
4,643,174
4,600,420
42,754
4,643,174
For the prior year, the opening balance on the endowment fund was £3,719,536.
The only movement in the year related to net gains on investments of £880,884,
giving a closing balance of £4,600,420. There were no incoming resour￿5 or resources
expended.

Page 16
TANWORTH EDUCATIONAL FOUNDAfioN
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
14. Unrestricted Funds
Movements in funds
Incoming
Resources
Resources expended
Balance at
January
2024
Balance at
December
2024
Unrestricted fund
69,315
77,223
(69,458)
77,080
69,315
77,223
(69,458)
77,080
For the prior year, the opening balance on the unrestricted fund was £60,893. The net
incoming resources were £71,757 and resources expended were £63,335,
giving a net movement in unrestritted fund of £8,422, which leaves a closing balance
of £69,315.
15. Analysis of Net Assets Between Funds
Unrestricted Endowment
Funds
Funds
Total
Fund balances at 31 De￿rnber 2024 are presented by:
Tangible assets
Investment properties
Investments
Current assets/(liabilities)
1,778,706
1,653,609
1,163,151
47,708
1,778,706
1,653,609
1,163,151
124,788
77,080
77,080
4,643,174
4,720,254
Analysis of net assets between funds- prior year
Unrestricted Endowment
Funds
Funds
Total
Fund balances at 31 De￿mber 2023 are presented by:
Tangible assets
Investment properties
Investments
Current assets/(liabilities)
1,778,706
1,176,650
1,078,256
566,808
1,778,706
1,176,650
1,120,673
593,706
42,417
26,898
69,315
4,600,420
4,669,735

Page 17
TANWORTH EDUCATIONAL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
16. Related Party Transactions
There have been no transactions with related parties during the year (2023: None).