SIR FRANCIS NETHERSOLE FOUNDATION FINANCIAL ACCOUNTS YEAR ENDED 31ST DECEMBER 2023 WRIGHT & CO CHARTERED ACCOUNTANTS 2 LONGROOD ROAD BILTON RUGBY WARWICKSHIRE CV22 7RG
ACCOUNTS OF THE CHARITIES KNOWN AS SIR FRANCIS NETHERSOLE FOUNDATION, POLESWORTH GOVERNORS The Lord of the Manor of Polesworth's Nominee The Vicar of Polesworth Father P Wells Nominee of the Warwickshire County Council Nominee of the Polesworth Parish Council CO-OPTED GOVERNORS Mr D Butcher Mr5 M Willis Mr D Parsons Mrs J Bailey FOR THE YEAR ENDED31ST DECEMBER 2023 CLERK . Mr T J Howard Howkins & Harrison LLP 7-1 l Albert Streei Rtsgby Watiyickshire CV218R CCOUNTANrs . Wraghi & Co Chartered Accountsnts 2 LgrOOd Road Billon Rugby Warwickshire CV22 7RG
SIR FRANCIS NETHERSOLE FOUNDATION Page I ECCLESIASTICAL CHARITY RECEIPTS & PAYMENTS ACCOUNT FOR THE YEAR ENDED 31ST DECEMBER 2023 2023 2022 RECEivrs Dividends received Disposal of investments Interest 1356 6377 941 11313 7740 12254 PAYMENTS Investment managee5 fees Pllr¢hase of investments Polesworth PCC 786 5686 12(KJ 10977 121NJ 7672 12818 Excess of receipts over payments Balance in hand at 1st January 2023 68 1165 -564 1729 Balance in hand at 3 1st Decernber 2023 1233 1165 N(YrE '. Balance in hand at 3 1st Decemttr 2023 is ". BRI Asset Marhagement alc 1233 1165 1233 1165
SIR FRANCIS NETHERSOLE FOUNDATION Page 2 ECCLESIASTICAL CHARITY SCHEDULE OF INVESTMENTS HELD AT 31ST DECEMBER 2023 Market value Incom¢ rtt'd
t 31.12.23 e*r
Income rec'd Durin 2022 ARC TIME UK Infrastructure Inc Trojan X Ibcitne Artemis Corpordte Bond Fund Baillie Gifford High Yield Bond Baillie Gifford Emerging Markts Growth Fun Baillie Gifford European Net B Baillie Gifford Japanese Picket Indian Equities Regnan Sustainable Water & W&ste Fund Seraphitn Space Inveslment Tn LiontNst Strdiegic Bond M Inc Liontrust Special Sityations Class Inc M & G Global Listed Intra Artemis C(Trrporare Bond Premier Miton US oppoeItie5 VT Gravi5 Listed Property Morgan Stanley Global Brands HSBC FTSE 250 Index HSBC Japan Index LF Gresham House Belleview Healthwe Trust ishares UK UK Gilts ishares UK Equity Index 2558.78 2476.99 3585.46 2169.98 3062.45 2097.79 137.47 9.89 94.53 163.13 130.06 7.63 21.86 83.90 2.49 191.05 40.94 13.16 1436.60 1571.67 194.82 4.45 99.74 41.26 88.50 2939.87 120.07 73.61 0.61 289.10 23.18 153.69 6153.15 6472.95 4166.64 5033.38 1463.37 1920.29 1246.60 1606.80 2802.76 52960.35 237.04 85.43 37.01 49.40 45.01 49.56 1356.25 940.58 Market value at 31 December 2022 51387.53
SIR FRANCIS NETHERSOLE FOUNDATION Page 3 SCHOOL CHARITY RECEJwfs & PA YMENTS ACCOUNT FOR THE YEAR ENDED 31ST DECEMBER 2023 2023 2022 RECEIPTS Rents.. S¢hool House. Warton Land at Warton (Critchley) 10335 150 10200 150 I¢M85 34595 392 69536 10350 30934 Dividends (page 4) Inrerest Disw)sal of investments 157401 115008 198685 PAYMENTS Insurdnce Accountancy Investtnent managerfs fees Rates and water Donation of bibles Purchase of investments Repairs Legal & professional Tranfer of assets CSA agre¢m¢nt Property transfer Property management fees Bank charges 3084 2824 810 16639 1976 610 147709 465 9366 15914 2098 956 141683 150 423 1121 1800 3344 1152 65 169286 1079 181542 Exceu of receipts over paents -54278 17143 Balance in hand at January 2022 140791 123648 Balance in hand 3 1st D¢¢ember 2022 86513 140791 NOTE . Balance in hand at 31st December 2022 is.. Bank accounts BIU *count 62292 24221 63483 77308 86513 140791
SIR FRANCIS NLTMIRSOLE FOVNDATIOI SCHOOL CHARrrY SCHEDULE OF INvEsfiÉNrs HÉLD AT 31ST DECEMBER 2•ZJ Mxket at31.12.23 Holdu 2022 27992 LXI Rett PLC 28851 GCP IAfrastnKEiire ID¥11clts 20791 QCP Assd Ba¢k¢d IncomeFwbJ Lionlru51 Si¥al¢8ic 35210 war¢bL Reil Bunzi Ord 289 Cakth)nia ttsv Glaryo Smith KiinE 1227 BP Ord 790 Pnthiial 244 RELX (kd 625 imrthal BraDds GTOUP 247 Sh¢ll 253 Diage0(d M & G Global 845 Smith & N¢ 281 UnikveTOrd 14256 BB Helllthcare 33255 BNY M¢lion GJOW 3015 Meltose tndu5tEie5 (hd 42656 AretemisCorp)w Brd Fund Phtxnix Grw) J740 Grae[ord TB EVeGIOl 1141)e C 48980 Llontrua GldMI Fd M 231V)3 Utban Lo8i5tiLS REIT TP ICAPord 7123 Close Brothrts GTOUP 33488 TIojaD X Incoll 23697 Lloyds BamkGTfW) 3092 Beaiiie VistyGroup Rathtthe Ethi¢81 34307 BaillicGifford 47758 Baillie Gitrord RwDsble Equity 546n ARC TIME TB GuwessGlob8] 29J35.62 20,772.72 13.638.9) 1361.56 2019.58 1315.04 4J6.76 2253.45 1625.71 2019.56 131375 32.9) 1189.95 73.39 693.03 264.fA) 530.78 113.93 236.54 435 91 631.69 217.88 731.98 264.57 408.78 891. 1318.52 165.07 31393.20 10273.95 194.79 5,719_66 7.IKI8.88 7.588.40 11390.63 6J51.6l 7225.68 543a4 12J.37 136.40 1210.18 639.76 202.40 9.113.33 10.678.LX) 22.410.43 J9.59YJ.78 17.107.10 39.444.29 255.78 421.78 888.15 1299.88 180.91 1844.12 167.fK) 201.96 1333.12 1429.83 9.888.56 230.76 1058.15 747.55 1404.( 525.11 481.28 168_17 597.16 324.66 80.611.n 29,420.48 6(A.71 470.58 40.94 504.75 36771 946.38 61279 1682 20 1345.53 1462.31 1648.97 304.1 176.75 106.54 197.40 179.72 5,661.22 42,516.90 11.305.84 10.240.70 39.521.87 78.372.26 49.811.95 2264.27 1695.n 2668.68 5.622.44 11.170.f4) 317.89 707.IJJ 17675 Life Seirnc¢ REIT comp Gi<w Otd 334 Whiibrel (kd 17972 Panth¢on tnfrtru¢ 27.881 Piclct IDdian 13549 seraph Skw¢ Inveyjue Brd5 Group 5(M GSK Ckd 633 H¢ll & Smith ishara CO[rAt¢ Bld LF Rll£Ytt DIlfIed 2529 Haleon 41093 Royal LoD(knI 36722 isharts UK Gilts 32139 dBlacktlKk iSFtsTc5c Bond 226 ExwiaD 50 AstrazenwAa 2852 Legal & fjeDeral 46852 WS Evethkth 29674 WS Rutret 52609 WS Guuxss 10765 HSBC 2401 Fideliry 12211_04 15.096.48 2O.026_68 4.647Jl 5J9.16 132.94 170.13 120.27 328.94 93.21 7.3(y).01 12,077.64 279.T2 221.55 245.n 333.tY) 106.22 338.( 8,134.53 42.860.Sg 45.504.87 37234.53 7.236.52 5.3¢YJ.iKI 6.483.40 68.324.27 29.187.35 71,848.1 I 19J78.35 20.247.9) I,¢YJ7.196.79 48.842.SYI 1 146 039.69 873.14 67.10 35. 147.43 358.19 227.78 357.80 34583.54 3(P)22.09 COIF lllcotDe Sb8t¢5 34595.26 3(Y)33.77 Msrka v8tu¢ 4 Jl DeCebEr2022 £1,047,777.44 lThe SclK)ol Houx. Wrt L8nd Windmlll Farm. Wart SCNI Hul t¥emis4 W¥b) WJrtOD S¢1 Nw DweltitLgkn [C)k51ey} Crii¢hJ¢y Vani
SIR FRANCIS NETHERSOLE FOUP4DATION Page 5 ACCOUNTANTS REPORT FOR THE YEAR ENDED 31ST DECEMBER 2023 In accordance with our engagement letter we have comptled the fincial infom)ation of The Francis Nethersole Foundation whi¢h comprises Receipts & Payment Accounts fn)m the aceounling records and from inforn)aiion and explanations you have given io us. The fuwicial infonnation is not intended io achieve full wmpliance with the provisions of UK Generally Accepted Accounting Principle& This report is made to you in accordance with the tem)s of our engagement. Our work has been undertaken so that we might compile the fiEJan¢ial infonnation that we have been engaged to compile. report to you that we have done so. and state those matters that we have agreed to 5tat¢ to you in this report and (or no other purpose. To the lIest extent pemiitted by law. we do noi accepi or assume pOnSIbIlity to anyone other than The Fron¢is Nethersole Foundation, for our work, or for this rert. We have catTied out this engagement in accordance with the technical guidance issued by the Instinjie of Charter¢d Accountants in FJ)gland aThl Wales and hav¢ wmplied with the ethical guidance laid down by the Institute. You have approved the financial information for ihe period stated alK)ve and have acknowledged your re5ponsibilty for it, for the appropriat¢n¢ss of th¢ accounting basis and for providing all infonnation and ¢xpianalions necessary for it's compilation. We have not vertfied ihe accuracy or completeness of the accounting records or inf0mtIOn and explanations you have given to U5 and we do nol therefore. express any opinion on the rjnancial infornrdiion. Wright Chart d Accountants 2 Longrood Road Bilton RUGBY Warwickshire CV22 7RG Il July 2024