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||||Page|
|---|---|---|---|
|Legal and administrative||information||
|Report ofthe|Trustees||2-7|
|Statement<br>of|Trustees'|responsibilities||
|Independent|auditor's|report|9-12|
|Statement<br>of|financial|activities|13|
|Statement<br>of|financial|position|14|
|Notes to the|financial statements||15-22|





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|Trustees||Mr A Behagg|||Chair||
|---|---|---|---|---|---|---|
|||IVlr M Willis|||||
|||Mrs l Lycett|||||
|||Mrs M Clohessy|||Treasurer||
|||Mr TFlasher|||||
|||Mr I Buckle|||||
|||Ms LG Buckingham|Robinson||Appointed|15March 2021|
|||Mr D I Toriati|||Appointed|15March 2021|
|||Mrs l IVlelson|||Resigned 8iune 2021||
|Charity|number|1167682|||||
|Principal|address|Armed<br>Forces Education||Trust|||
|||PO Box684|||||
|||Farnham|||||
|||GLI 9 1LP|||||
|Auditor||TC Group|||||
|||10Bridge Street|||||
|||Christchurch|||||
|||Dorset|||||
|||BH23 1EF|||||





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ARMED FORCES EDUCATION TRU5r
INDEPENOENT AUDITOR'S REPORT (CONTINUEOI
TO THE TRUSTEES OF ARMED FORCES EOUCATION TRUST
Owlng to the Inherent limitations of èn audit, there is an unavoidbble risk that we may not have detected some
material misststements in the financial staiements, even though we have pr¢pèrly planned and performed our
audit in accordance with auditing standards. For example, the further removed non-compliante with laws and
regulations lirregularitiesl is from the events and trnn5aCti￿5 refierted in the financial statements. the less likelv
the inherently limited procedures required by auditing standards would identify it. The risk Is a150 greater
regarding irregularlfje5 occurring due to fraud rather than errw. as fraud involves intentional concealment.
forgery. collusion, omi55ion or mi5representauon. We are not responsible fDr preventing non-complian￿ and
cannot be expected to detert non<ompliance with all laws and regulations.
A further de5criprion of our responsibilities Is available on the Financial Reporting CoLrncil's website at-. https'.//
www.frc.org.uklOur-WorVAudiVAudit-and-assurancel5tandards.and.8uidance/Standafds-and-8uidance-
forauditor5lAuditors.responsibilitieS.for-auditlDèscription.of-aUditors-re5ponslbll￿1e5-fOr-aLsdlt.35pX.
This description forms part of our auditor's report.
Use ol our report
This report 15 made solely to the charlly's irustee5. as a b¢dy. in accordance with of Part 4 of the Charities Act
2011. Our audit work has been undertaken str that we might state to the charity's trustees those matters we are
rEquiied to State to them in an auditor's repon and fcr no other purposè. Tts the fullest extent permitted by law,
we do not accept or assume responsibility to anyone other than 1he charlty and the charity'5 trustees, as a bodv,
for OLtr audlt work, for this report, or for the opinions we have formed.
Lucy Filer FCA1Senior St
tutory Audltorl
for and on behalf of TC Group
ststutory Auditor
Offlce.. Christchurch
25 January 2022
12-

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|||||Unrestd cted|Total|
|---|---|---|---|---|---|
|||||funds||
|||||2021|2020|
||||Notes|E|E|
|Income from:||||||
|Donations<br>and|legacies|||500|250|
|Investment<br>income||||409,557|403,016|
|Totalincome||||410,057|403,266|
|~Ed||||||
|Charitable<br>activities||||291,164|397,792|
|Net gains/(losses)||on investments||391,174|487,245|
|Net moveinent|in|funds||510,067|492.719|
|Fund balances|at 1September 2020|||13,358,438|12,865,719|
|Fund balances|at 31August 2021|||13,868,505|13,358,438|





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|||||2021|2020|
|---|---|---|---|---|---|
||||Notes|6|E|
|Fixed assets||||||
|Investment|properties||10|11,560,000|11,560,000|
|Investments|||11|2,343,974|1,652,800|
|||||13,903,974|13,212,800|
|Current assets||||||
|Debtors|||12|1,171|117,408|
|Cash at bank and in||hand||250,258|485,284|
|||||251,429|602,692|
|Creditors: amounts||falling due within||||
|one year||||(236,863)|(352,761)|
|Net current|assets|||14,566|249,931|
|Total assets|less current liabigdes|||13,918,540|13,462,731|
|Creditors: amounts||falling due aher||||
|more than|one year|||(50,035)|(104,293)|
|Net assets||||13,868,505|13,358,438|
|Income funds||||||
|Unrestncted|funds|||13,868,505|13,358,438|
|||||13,868,505|13,358,438|
|The financial<br>statements<br>were approved|||by the Trustees|on ............~fy... JQ~||





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||Donations||
|---|---|---|
|4|Investment|income|



|Unrestricted|Unrestricted|
|---|---|
|funds|funds|
|2021|2020|
||f|
|500|250|



|Investment|Investment|
|---|---|
|income|income|
|2021|2020|
|f|f|
|409,557|403,016|



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|||||Charitable|Support|Governance|Total|Total|
|---|---|---|---|---|---|---|---|---|
|||||activities|costs|costs|2021|2020|
|||||2021|2021|2021|||
|||||6|E|f|||
|Grants to|institutions|||150,082|||150,082|191,230|
|Grants to|individuals|||102,387|||102,387|170,171|
|Salaries|||||27,102||27,102|25,583|
|Insurance|||||1,033||1,D33|1,033|
|Other establishment|||||5,077||5,077|4,134|
|Auditors'|remuneration|||||4,320|4,320|4,320|
|Legal and|other professional||fees|||1,119|1,119|921|
|Costs ofTrustees'||meetings||||44|44|400|
|||||252,469|33,212|5,483|291,164|397,792|
|||||252,469|33,212|5,483|291,164|397,792|





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|6|Grants payable||||
|---|---|---|---|---|
||The total grants paid to mstitutions|during the year were as follows:|||
||||2021|2020|
||Shrivenham<br>Primary School||13,277||
||Hermitage<br>Primary School||1,500||
||St Mary's Hadleigh||6,500||
||Talavera<br>Infants||7,342||
||Talavera Juniors||18,720||
||Stamfordham<br>Primary||6,594||
||Curridge<br>Primary||4,564||
||Wellington<br>Academy||15,540||
||StMichaels<br>Primary School||13,890||
||Reading Force||10,000||
||Clarendon||13,363||
||Knocknagoney<br>Primary School||9,600||
||Buntingsdale<br>Primary School||10,500||
||Zouch Academy||14,952||
||Stoke on Tern Primary School||6,480||
||Upton by Chester High||14,640||
||Raigmore<br>Primary School||18,444|18,116|
||South Farnborough<br>Junior School||6,480|5,940|
||Salisbury<br>Plain Academies||(39,838)|42,666|
||Carswell<br>Primary School||(648)|26,040|
||Newton<br>Tony Primary||(1,818)|1,251|
||The Wavell School|||27,378|
||Mayhill School|||23,DDD|
||Llantwit<br>Major School|||21,248|
||Argyll and Bute Council|||14,331|
||Kinloss Primary School|||9,000|
||Ash Manor School|||8,240|
||Carterton<br>Primary School|||6,250|
||Ringshall<br>Primary School|||5,000|
||Naphig<br>&Walters Ash School|||4,176|
||Corrlngham<br>Primary School|||3,672|
||Wiltshire<br>County Cauncil|||(25,078)|
||Total grants to institutions||150,082|191,230|





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||Usted|
|---|---|
||investments|
||E|
|Cost orvaluation||
|At 1September 2020|1,652,800|
|Additions|300,000|
|valuation<br>changes|391,174|
|At 31August 2021|2,343,974|
|Carrying amount||
|At 31August 2021|2,343,974|
|At 31August 2020|1,652,800|



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|Debtors||||
|---|---|---|---|
|||2021|2020|
|Amounts|falling due within one year:|E|E|
|Other debtors||1,171|117,408|





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||||2021|2020|
|---|---|---|---|---|
||||E|E|
|Grant credrtors|||6,637|27,994|
|Accruals and deferred||income|230,226|324,767|
||||236,863|352,761|
|Included<br>within accruals are grants agreed for future|||periods off225,905 (2020 - f218,057).||
|Creditors: amounts|falling due after more than one||year||
||||2021|2020|
|||||f|
|Accruals and deferred||income|50,035|104,293|



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