## **Sir Francis Nethersole Summary of Information – Annual Return 2021** - Charity Number: 528717 – Sir Francis Nethersole’s School Foundation - Charity Number: 252829 – Ecclesiastical Charity of Sir Francis Nethersole Both of Charities are effectively run as one by the same trustees and the same Chairman. The aims of both charities are to provide educational and religious training and activities, for the young and elderly of Warwickshire – more specifically - Polesworth and Warton. The Trustees have now all but concluded the reorganization of the charity scheme and will shortly be able to action new measures to support the beneficiaries of the Charities however COVID-19 affected the legal process of finalizing the documents and transfer of assets. When the new scheme is up and running the trust can move forward with new projects and ideas to support the local area in the specified religious and educational activities have been discussed amongst the Trustees. A planning application was approved for conversion of the redundant scout hut (school hall) in Warton into two residential dwellings and it is hoped that the conversion of the accommodation will allow for two new houses for occupation by local families. Once approved and converted, the site at Warton will then be fully owned by the Trust and let out to residential, commercial and agricultural tenants with a safe return and capital value. With the rent receivable able to be reinvested or used for property repair and returns. Income to the charity is provided by the returns from the investment portfolio held in each charity’s name as well as interest on monies held in the bank – the investment managers have confirmed that the portfolios are managed on a policy that has a moderate attitude to risk. Much of the income detailed in the accounts comes from the sale of investments and rent from the Warton School House, with the payments being purchases of alternative investments. The property repair expenditure dropped significantly as there is only now one redundant building within the control of the Charity. Financially, the two charities accounts remain in a healthy position, with a strong portfolio of property investment, stocks & shares and a good bank balance. The balances boosted following the sale of The Polesworth Site in and the rental income – not to mention the capital growth of the investments held by BRI. SIR FRANCIS NETHERSOLE FOUNDATION FINANCIAL ACCOUNTS YEAR ENDED 31ST DECEMBER 2021 WRIGHT & CO CHARTERED ACCOUINTANTS 2 LONGROOD ROAD BILTON RUGBY WARWICKSHIRE CV22 7RG Accouf4TS OF THE CHAIUTIES KNOWIY AS SIR FRANCIS NETHERSOLE FOUNDATION, POLFSWORTH GOVERNORS The Lord of the Manoi olPole5WOrth's Nominee The Vicar of Polesworth Father P Wells Nominee of the Wanvi¢kshire County Council Mi D Parsons Notninee of the Polesworth Parish COU￿11 ClkOPTED COVKRNORS Mr D Butcher Mrs M Willis Mr A Jone5 MTS J Bailey FOR THE YEAR ENDED 31sr DECEMBER 2021 CLERK: Mr T J Howard Howkins & Harrison LLP 7-1 l Albert Street Warwick5hire CV218RX ACCOUNTANIS . Wtight & Co Chartered A¢couni#nts 2 LOngr<￿ Road Bilton Rugby Warwickshtre CV22 7RG SIR FRANCIS NETHERSOLE FOUNDATION Page I ECCLESIASTICAL CHARITY REcEiYfs & PAYMENTS ACCOUNT FOR TIIE YEAR ENDED 31ST DECEMBER 2021 2021 2020 RECEIFrs Dividen(& received Disposal of investments 1030 53187 1246 53768 54217 55014 PAYMENTS Investment managels fees Puicha5e of investments Polesworth PCC Transfer (o SclM)ol Charity due ¢0 Bank account clogjre 914 63420 2￿ 2464 871 46392 67998 47263 Excess of receipts over payments Balance in hand at l st January 2021 -13781 15510 7751 7159 Balance in hand at 3 1st Derernbcr 2020 1729 15510 NOTE . Balance in hand at 3 1st De¢ember 2021 is= Current aceounl BRI A￿( Management alc 1564 6195 1729 1729 7759 SIR FRANCIS NETHERSOLE FOUNDATION Page 2 ECCLESIASTICAL CHAIUTY SCHEDULE OF IP4VL8TMENTS HELD AT JIST DECEMBER 2021 Market value at 31.12.21 Incorne rec'd durl IncoTne ree'd Durin 2020 1778 ARC TIME UK Infrastructure Inc 1951 Trojan X Ibcitr 2986 Artemis Coq)orate Bond Fund 2110 GLG UTrdervalued Assets Fund 3171 Baillie Gifford High Yield Bond 382 Baillie Gifford Emerg¢Ng MaTkts Growth FUD 487 Baillie Gifford European Net B Baillie Gifford Responsible Global 379 Royal Londort UK Equity Inc M 793 BB Healthcare Trust 5851 JupiteT SÉrdtegic Bond Fund 2 Pi¢ket Indian Equities GCP Infr&%tnJeture Invast￿*￿ts 39.158 Muzinich" Global 1400 Regnan Sustaillable Water & W8Ste Fund 568 Seraphim Space Investmeni Trust 992 Liotjtrust SITategi¢ Bond M Ir 1325 Liontrusl Spectal Sithations cla￿ Inc Lion TnLSt Global DÈvÈdend Fund 91 Baillie Gifford Japanese B In¢ 10 Personal AssetTru51 980 M & G Global LÉsted Ijllra 5884 Jupiter ABS Rettttn 1464 Artemis US Smaller Companies 1506 Premier Miton US OppoertUDittes 1569 Rathbone Ethi¢al T￿￿1 2635 TM RWF UK Equity 4444 BNY Melton Global 6048 VT Gravis Listed Property 5622 Evenlode Global ItKome HSBC FfsE25 2796 HSBC FTSE 250 tndcx 1806 LF Gresham House 2024.54 2511.91 3239.54 71.62 1.93 66.86 48.80 4236.27 3179.45 2337.38 109.92 48.40 76.21 198.62 1593.93 28.84 75.51 165.68 1301.54 1497.50 712.27 IOi4.68 7037.(h) 67.99 56.04 67.39 140.73 66.76 1629.22 28.00 41.94 8.59 l338_82 5.15 5382.29 5775.08 67.58 57.1 44.35 111.74 100.06 76.18 54.96 208.06 31.59 16.88 7492.81 5978.53 4462.49 71.09 62785.25 1030.27 1245.87 Market value at 31 December 2020 46368.3 1 SIR FRANCIS NETHERSOLE FOUNDATION Page 3 . SCHOOLCHARITY RECEIPTS & PAYMEwfs ACCOUNT FOR THE YEAR ENDED 31ST DECEMBER 2021 2021 2020 RECEIPTS Rents School House. Wartotl Land at Warton ICritchl¢y) Unidentified 8650 225 10800 150 256 31 28061 11206 20982 130 506786 Dividends (page 4) Interest Disposal of investments Transfer from Ecclesiastical Charity due to Bank account closure 146068 2464 185624 539104 PAYMENTS Insurance AccoutkraThcy Investment manage￿S fees Rates and water Donation of bibles Heal & light Purchase of investments Repairs Legal & professional Property TnanagemenÉ fees 2585 810 16009 4084 877 33 252890 4923 5010 1503 2479 1080 15270 196 818 321 597325 622 9562 1336 288724 629009 Exc¢55 of receipts over payments -1031(NJ -89905 Balance in hand at Isr January 2020 226748 316653 Balance in hand 31 st December 2020 123648 2?6748 NOTE: Balance in hand at 3 1st December 2021 is -. Bank accounts BRI account 70316 53332 45206 271447 123648 316653 2*lR FRANCIS NETHKRSOLE FOUNDATION P4gt4 SCHOOI. CHARITY SCHEDULE OF INVLSTMENTS HELD AT31ST DECEMBER 2￿21 M￿k¢1 v4 at 31.1211 kncome ree durin 202 79777 Schrixl¢r Global Equity kncith¢ 37196 LXI Rcit PLC 28851 InfTa5ttucTh]rc tnv¢5nnents 20791 GCP Ass¢t Backed Jiipiier Abso￿te Rtrdtn 7338 LioDtrust Strthgic Bond 5425 R¢wol London UK Equity 82397 Jupiter SirtteBlc B￿a 12678 LFGrC5h￿￿ House UK Mirn>Cap 30356 Warehus¢ Rtht PeF50nal A5sdTn 453 Bunzi Ord 289 Caledonia ]nv 630 Gtsxo &nith ￿]ne 2850 BP Otd Pr￿ac￿tI￿1 462 RELX Ord 625 Jmperial Bratrjs 785 R￿1 Dutch Shcll 286 D13geo Ord 17389 M&GGlob ASI Emer￿￿￿ M waVert￿ Jokn Lain8 Ocw Rertewab]t 845 Stnjth & Ncphew 701.89 1345.40 1029. 1341.02 89.76 5J.93420 31.274.48 20,167.27 1 S￿.79 1418.54 I￿>.84 7.797.57 473.24 295.71 1444.44 406.( 24.53 945.18 215.fll 53.69).41 2￿.09 I3.￿.05 11.762.30 10,121.58 9,419.25 10,1)68.55 11.097.24 221.36 195.IM 224.24 442.83 769.26 197.58 273.29 I l&k.68 463.50 248.08 642.95 536.51 116&32 468.33 lo7.￿ 672.85 128.67 315.85 12.735.84 1 I.542.96 23.748.16 31hS.43 lQ930. 182.25 199.79 281 Unilever(kd 14256 BB Hea1¢￿are 61263 BNY M¢liOnGiobd [D￿￿e 9045 Mel￿￿ kndu5tsic50rd J1427 AtctCmi5 CO[p(￿ Bund Schtodcr A5i4n Z 11.W.86 2&654.56 69,968.47 14.462.96 SI,￿8 376.83 306.91 148&14 JS8. 274.1 1257.46 767.20 389.89 2.21 722.12 1748 Ph(kmix Gro 3740 Gr4in8er Ord 46852 TB EvthbJeGkbAI tmcixnec 48980 LioDttusl GloTrMI Fmd M 23093 Urblln Logk%tKs RErr 8647 TP ICAP (Yd 713 Cbs¢ Brothers Group 32135 Tro)kn X Jrt(Knt TM RWC UK EqviryJrKome 23697 Llnyds Bank Group 4325 Bdlfour Beait 1684 vLslryGr￿P 17310 Rathknne Eth￿1 27193 gall1￿ CiitTord ElailIKGiffordRest￿b]E Equity 29937 ARe'r￿E 52609'fL4 GNine5s(thbg1 766 frIArgrcaSVc5 L2T>s