2022-04-05-accounts

		Page
Legal and administrative information
Trustees report		2-9
Auditors' report to the	trustees	10-12
Statement offinancial	activities	13
Balance sheet		14
Cash flow statement		15
Notes to the financial	statements	16-25

		Grange	Farm Centre	Farm Centre	Trust
			Contents
							Grange Farm
Charity name		Grange Farm Centre		Trust
Charity number		285162
Registered	Office	181 High Street
		Epping
		Essex CM16 4BQ
Clerk to the Trustees		Mrs Laura Cleasby
Trustees		Mr T N Johnson		Co-optative Trustee - Chairman
		Mr J Salim		Co-optative Trustee —Treasurer
		Mr P Minoletti		Co-optative Trustee
		Mr C BScrutton		Nominated	by Epping Forest District		Council —retired March 2022
		Cllr M Sartin		Nominated	by Epping	Forest District Council
		Mr RW Church		Nominated	by Essex	County Council
		Cllr M Vance		Nominated	by Essex	County Council
		Cllr R Morgan		Nominated	by Epping	Forest District Council
		Mrs V Metcalfe		Co-optative Trustee —appointed			June 2021
		Mrs R Holden		Nominated	by Epping Forest Distdict		Council —appointed	Feb 2022
Custodian	Trustee	Epping Forest District		Council
		Civic Offices
		High Street
		Epping, Essex CM16		4BZ
Auditors		Haslers Chartered	Accountants		8 Statutory	Auditor
		Old Station Road
		Loughton, Essex	IG104PL
Bankers		Barclays Bank Pic
		183High Street
		Epping, Essex CM16		4BH
Investment	Advisors	Quilter Cheviot Ltd
		Senate Hose
		85 Queen Victoria	Street
		London EC4V 4AB
Solicitors		Foskett, Marr, Gadsby		8 Head
		181 High Street
		Epping, Essex CM164BQ

			Unrestricted	Restricted
			Funds	Funds	2022	2021
					Total	Total
		Notes
INCOME FROM:
Investments			386,550	50,056	436,606	486,723
Letting			30,000		30,000	30,000
Total income			416,550	50,056	466,606	516,723
EXPENDITURE ON:
Charitable activities			496,487	255,730	752,217	572,228
Total expenditure			496,487	255,730	752,217	572,228
Net gains on investment	assets		60,736	728,284	789,020	2,800,936
Net income / (expenditure)			(19,201)	522,610	503,409	2,745,431
Other recognised gains /(losses)
Net movement in funds			(19,201)	522,610	503,409	2,745,431
Reconciliation offunds:
Total funds brought forward			1,184,548	16,209,017	17,393,565	14,648,134
Total funds carried forward			1,165,347	16,731,627	17,896,974	17,393,565

				2022	2021
			Notes	K
Cash flows from operating activities:
Cash generated from operations			CF1	(601,382)	(318,856)
Net cash (used in) / provided by operating		activities		(601,382)	(318,856)
Cash flows from investing activities:
Purchase oftangible fixed assets					(975)
Purchase offixed asset investments				(1,435,896)	(2,952,989)
Sale offixed asset investments				1,702,505	2,814,298
Interest and dividends received				436,606	456,231
Net cash provided by (used in) investing		activities		703,215	316,565
Change in cash &cash equivalents	(note	15)		101,833	(2,291)
Cash &cash equivalents at 6April 2021				207,943	210,234
Cash &cash equivalents at 5April 2022				309,776	207,943

					2022	2021
Net income	(expenditure)				503,409	2,745,431
Adjustments	for:
Net gains/(losses) on		investment	assets		(789,020)	(2,800,936)
Depreciation	charges				126,657	126,629
Interest and	dividends	received			(436,606)	(486,723)
(Increase) /	decrease	in debtors			(6,580)	29,236
Increase/ (decrease)		in creditors			758	67,507
Net cash (used in) /		provided	by operating	activities	(601,382)	(318,856)

				Unrestricted	Restricted
				Funds	Funds	Total	Total
				2022	2022	2022	2021
	Investment Income
	Bank interest receivable	and currency gains		10		10	137
	investment interest
	UK Government stocks
	Fixed interest securities
	UK equities
	Overseas equities			436,596		436,596	486,586
	Reallocation			(50,056)	50,056
				386,550	50,056	436,606	486,586
3.	Letting Income
	Grange Farm Sports Centre Limited			30,000		30,000	30,000
	London Square Limited
				30,000		30,000	30,000
	Charitable activities
	Grants payable			89,039		89,039	67,900
	Renovations and drainage		ofthe sports
	pitches				60,914	60,914
	Support costs (note 5)			407,448	194,816	602,264	504,328
				496,487	255,730	752,217	572,228

Analysis ofsupport	costs	Unrestricted Funds	Restricted Funds	Total 2022	Total 2021
Audit fees		7,800		7,800	7,770
Clerks management	fees	26,040		26,040	12,720
Bank charges
Legal and professional fees		13,241		13,241	1,639
Investment management fees		5,684	68,160	73,844	65,345
Maintenance cost
Roding Valley Nature	Reserve	19,526		19,526	19,275
Grange Farm Sports	Centre
Ltd		275,000		275,000	245,000
Chigwell Meadows Limited		60,000		60,000	25,000
Depreciation —buildings car
parks and playground			126,656	126,656	126,629
Trustee training expenses		113		113	950
Sundries		44		44
		407,448	194,816	602,264	504,328

Tangible	fixed	assets
			Restricted Funds		Unrestricted	Total	Total
					Funds
				Buildings, car
			Freehold	parks and
			Land	Playground		2022	2021
Cost
At 6 April	2021		5,100	3,571,831		3,576,931	3,575,956
Additions							975
At 5 April	2022		5,100	3,571,831		3,576,931	3,576,931
Accumulated		depreciation
At 6 April	2021			721,067		721,067	594,438
Provided	in year			126,657		126,657	126,629
At 5 April	2022			847,724		847,724	721,067
Net book	value
At 5 April	2022		5,100	2,724,107		2,729,207	2,855,864
At 5 April	2021		5,100	2,850,764		2,855,864	2,981,518

				Total	Total
				2022	2021
Valuation
At 6 April	2021			14,414,193	11,474,566
Additions				1,435,896	2,952,989
Disposals				(1,702,505)	(2,814,298)
Revaluation				789,020	2,800,936
At 5 April	2022			14,936,604	14,414,193
Investments	—Capital account			245,358	52,521
Total value at 5 April 2022				15,181,962	14,466,714
Investments	are held within	portfolios managed	in the UK.
Historical cost as at 5 April		2022		13,155,344	12,988,544
Historical cost as at 5 April		2021		12,988,544	12,663,862

			Restricted	Unrestricted	Total	Total
					2022	2021
Income	tax			2,950	2,950	2,950
Other debtors				59,567	59,567	52,987
				62,517	62,517	55,937
Creditors: amounts		falling due within one year
			Restricted	Unrestricted	Total	Total
					2022	2021
				K
Chlgwell	Meadows	Limited		11,500	11,500	36,500
Grange	Farm Sports Centre Ltd			19,401	19,401	52,161
Other creditors				45,599	45,599	42,800
Expense	creditors			64,642	64,642	8,923
				141,142	141,142	140,384

Analysis ofnet a	ssets	between	funds
					Fixed		Net current	Total
					Assets	Investments	liabilities	funds
						K	K
Restricted Funds
Fund A					100			100
Fund B				2,729,107		12,087,995		14,817,102
Sports Field and Pavilion		Fund				1,208,650		1,208,650
Open Spaces Fund						558,300		558,300
Access Way Fund						147,475		147,475
Unrestricted Funds						1,179,554	(14,207)	1,165,347
				2,729,207		15,181,974	(14.207)	17,896,974
e opinion ofthe trustees,		sufficient	resources are	held	in an appropriate form to		enable each fund	to be
ied in accordance	with any restrictions.
Restricted Funds
			At					At
						Capital
			5April	Incoming		Gains/	Outgoing	5April
			2020	resources		(losses)	resources	2021
								K
Restricted Fund A			100					100
Restricted Fund B			12,227,500			2,312,393	(180,576)	14,359,317
Sports Pavilion Fund			964,882		35,860	192,487	(4,491)	1,188,738
Open Space Fund Access Way Fund			424,367 112,097		15,764 4,164	84,614 22,351	(1,974) ~521	522,771 138,091
			13,728,946		55,788	2,611,845	(187,562)	16,209,017
			At					At
						Capital
			5April	Incoming		Gains/	Outgoing	5April
			2021	resources		(losses)	resources	2022
								E
Restricted Fund A			100					100
Restricted Fund B			14,359,317			644,787	(187,002)	14,817,102
Sports Pavilion Fund			1,188,738		32,176	53,673	(65,937)	1,208,650
Open Space Fund Access Way Fund			522,771 138,091		14,144 3,736	23,593 6,231	(2,208) ~583	558,300 147,475
			16,209,017		50,056	728,284	(255,730)	16,731,627

13.	Unrestricted	Funds					At
					Capital
			5April	Incoming	Gains/	Outgoing	5April
			2020	resources	(losses)	resources	2021
						f.
	Unrestricted	Funds	919,188	460,935	189,091	(384,666)	1,184,548
			At				At
					Capital
			5April	Incoming	Gains/	Outgoing	5April
			2021	resources	(losses)	resources	2022
	Unrestricted	Funds	1,184,548	416,550	60,736	(496,487)	1,165,347

Analysis	ofchanges in cash 8 cash equ	ivalents
		At 5April		At 5April
		2021	Cash flows	2022
		K	K
Cash 8 cash equivalents
Cash at bank		155,422	(91,004)	64,418
Investment	cash	52,521	192,837	245,358
		207,943	101,833	309,776

			Unrestricted	Restricted
			Funds	Funds	2021	2020
					Total	Total
		Notes			K
INCONIE FROM:
Investments			430,935	55,788	486,723	436,120
Letting			30,000		30,000	30,000
Total income			460,935	55,788	516,723	466,120
EXPENDITURE ON:
Charitable activities			384,666	187,562	572,228	620,340
Total expenditure			383,366	187,562	572,228	620,340
Net gains /(losses) on investment	assets		189,091	2,611,845	2,800,936	(1,595,148)
Net income / (expenditure)			265,360	2,480,071	2„745,431	(1,749,368)
Other recognised gains /(losses)
Net movement in funds			265,360	2,480,071	2,745,431	(1,749,368)
Reconciliation offunds:
Total funds brought forward			919,188	13,728,946	14,648,134	16,397,502
Total funds carried forward			1,184,548	16,209,017	17,393,565	14,648,134