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|||Page||
|---|---|---|---|
|Reference and Administrative<br>Details||||
|Report ofthe Trustees|2|to|6|
|Report ofthe IndependentAuditors|7|to|S|
|Statement of Financial Activities||||
|Statement of Financial Position||10||
|Notes to the Financial Statements|11|to|17|





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|Trustees|Mr A Behagg||||
|---|---|---|---|---|
||Mr M Willis||||
||Mrs J Lycett||||
||Mrs M Clohessy||||
||Mrs J Melson||||
||Mr TFlesher||||
||Mr<br>I Buckle||||
||Mrs J Carrell (resigned||30.11.2019)||
|Principal address|Armed<br>Forces Education Trust||||
||PO Box684||||
||Farnharn||||
||GU9 1LP||||
|Registered charity number|1167682||||
|Auditors|Filer Knapper|LLP|||
||Chartered<br>Accountants||and Registered|Auditor|
||10Bridge Street||||
||Christchurch||||
||Dorset||||
||BH23 1EF||||





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||||f|or the Year Ended 31August|2020||
|---|---|---|---|---|---|---|
||||||2020|2019|
||||||Unrestricted|Total|
||||||fund|funds|
|||||Notes|E|E|
|Income and endowments|||from||||
|Donations|and legacies||||250|325|
|investment|income||||403,016|393,371|
|Total|||||403,266|393,696|
|Expenditure|on||||||
|Charitable|activities||||||
|Educational|grants||||397,792|307,681|
|Net gains on investments|||||487,245|123,397|
|NET INCOME|||||492,719|209,412|
|Reconciliation offunds|||||||
|Total funds|brought|forward|||12865719|12,656,307|
|Total funds|carried|forward|||13,$58,438|12,865,719|





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||State|ment of Financial<br>Positi<br>31August 2020|on||
|---|---|---|---|---|
||||2020|2019|
||||Unrestricted|Total|
||||fund|funds|
|||Notes|f|f|
|Fixed assets|||||
|Investments|||||
|Investments||10|1,652,800|1,712,706|
|Investment|property|11|11,560,000|11,035,000|
||||13,212,800|12747 706|
|Current assets|||||
|Debtors||12|117,408||
|Cash at bank|||485,284|402,999|
||||602,692|402,999|
|Creditors|||||
|Amounts<br>falling due within one year||13|(352,761)|{284,986)|
|Net current|assets||249,931|118,013|
|Total assets|less current liabilities||13,462,731|12,865,719|
|Creditors|||||
|Amounts<br>falling due after more than one year|||(104,293)||
|NET ASSETS|||18,858,488|12,865,719|
|Funds|||||
|Unrestricted|funds||13,358,438|12,865,719|
|Totalfunds|||15,558,458|12,855,719|



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|Investment|income|||
|---|---|---|---|
|||2020|2019|
|||Unrestricted|Total|
|||funds|funds|
|||f|f|
|Rents received||403,016|392,157|
|Deposit account interest|||1,214|
|||406.016|393,371|
|Grants payable||2020|2019|
|||f|f|
|Educational|rants|661,401|261,072|



|Grants payable|
|---|
|Educational<br>grants|





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|f|or the Year Ended 31August 2020|||
|---|---|---|---|
|Grants payable - continued||||
|The total grants paid to institutions|during the year was as follows:|2020|2019|
||||f|
|Salisbury<br>Plain Academies||42,666|161,101|
|The Wavell School||27,378||
|Carswell<br>Primary School||26,040||
|Mayhill School<br>Llantwit Major School<br>Raigmore<br>Primary School<br>Argyll and Bute Council||23,000<br>21,248<br>18,116<br>14,331|30,800|
|Kinloss Primary School||9,000||
|Ash Manor School||8,240||
|Carterton<br>Primary Scool||6,250||
|South Farnborough<br>Junior School||5,940||
|Ringshall<br>Primary School<br>Naphill 5Walters Ash School||5,000<br>4,176|12,504|
|Corringham<br>Primary School<br>Newton<br>Tony Primary<br>Wiltshire<br>County Council<br>Clarendon<br>School||3,672<br>1,251<br>(25,078)|1,700<br>(46,202)<br>23,828|
|North Yorkshire County Council<br>Shipton<br>Bellinger Primary School<br>Dreghorn<br>Primary School<br>Herne Junior School|||17,412<br>5,000<br>5,000<br>800|
|Children's<br>University<br>Lypiatt School|||(4,959)<br>(20,001)|
|||191,230|186,983|





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|Support c|os|ts|||||
|---|---|---|---|---|---|---|
||||||Governance||
|||||Management|costs|Totals|
|||||E|E|E|
|Educational||grants||30,750|5,641|36,391|
|Auditors'|remuneration||||||
||||||2020|2019|
||||||f|E|
|Fees payable <br>statements||to the charity's|auditors for the audit ofthe charity's|financial|4,320|4,200|



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|Staff costs||||||
|---|---|---|---|---|---|
|||||2020|2019|
|||||f|f|
|Wages and salaries||||25,583|23,886|
|||||25,583|23,886|
|The average|monthly|number ofemployees|during the year was as follows:|||
|||||2020|2019|
|Management||||1|1|





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||Note|Note|s tothe Financial Statements -continue<br>for the Year Ended 31August 2020|d|
|---|---|---|---|---|
|9.|Comparatives<br>for the statement||offinancial activities||
|||||Unrestricted|
|||||fund|
|||||f|
||Income and endowments|from|||
||Donations<br>and legacies|||325|
||investment<br>income|||393,371|
||Total|||393,696|
||Expenditure<br>on||||
||Charitable<br>activities||||
||Educational<br>grants|||307,681|
||Net gains on investments|||123,397|
||NET INCOME|||209,412|
||Reconciliation offunds||||
||Total funds brought forward|||12,656,307|
||Total funds carried forward|||12,865,719|
|10.|Fixed asset investments||||
|||||Listed|
|||||investments|
|||||f|
||Market value||||
||At 1September 2019|||1,712,706|
||Revaluations|||(59,906)|
||At 31August 2020|||1,652,800|
||Net book value||||
||At 31August 2020|||1,652,800|
||At 31August 2019|||1,712,706|





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|Investment|property||
|---|---|---|
|Fair value|||
|At 1September 2019||11,035,000|
|Disposals<br>Revaluation||(21,000)<br>546,000|
|At 31August|2020|11,560,000|
|Net book value|||
|At 31August|2020|11,560,000|
|At 31August|2019|11,035,000|





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