2023-04-05-accounts - Grange Farm Centre

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

Charity name	Charity name	Grange Farm Centre Trust	Grange Farm Centre Trust	Grange Farm Centre Trust
Charity number		285162
Registered	Office	181 High Street
		Epping
		Essex CM16 4BQ
Clerk to the Trustees		Ms Laura Cleasby
Trustees		Mr T N Johnson		Co-optative		Trustee —Chairman	reappointed	8 Nov 2022
		Mr JSalirn		Co-optative		Trustee —Treasurer
		Mr P Minoletti		Co-optative		Trustee
		Mrs M Sartin		Nominated	by Epping Forest District		Council reappointed		June 2023
		Cllr RW Church		Nominated		by Essex County Council
		Cllr M Vance		Nominated		by Essex County Council
		Cllr R Morgan		Nominated		by Epping Forest District	Council reappointed		June 2023
		Mrs V Metcaife		Co-optative Trustee
		Mrs RHolden		Nominated		by Epping Forest District	Council —retired May 2023
		Cllr L Burrows		Nominated		by Epping Forest District	Councii appointed		June 2023
Custodian	Trustee	Epping Forest District		Council
		Civic Offices
		High Street
		Epping, Essex CM16		4BZ
Auditors		Heelers Chartered	Accountants		&Statutory Auditor
		Old Station Road
		Loughton, Essex IG104PL
Bankers		Barclays Bank Pic
		75 High Street
		Brentwood, Essex	CM14 4RP
investment	Advisors	Quilter Cheviot Ltd
		Senate Hose
		85Queen Victoria	Street
		London EC4V 4AB
Solicitors		Foskett, IVIarr, Gadsby 8 Head LLP
		181 High Street
		Epping, Essex CM164BQ

			Unrestricted	Restricted
			Funds	Funds	2023	2022
					Totai	Total
		Notes			R	R
INCOME FROM:
Investments			406,062	52,546	458,608	436,606
Letting			30,000		30,000	30,000
Total income			436,062	52,546	488,608	466,606
EXPENDITURE ON:
Charitable activities			481,073	188,468	669,541	752,217
Total expenditure			481,073	188,468	669,541	752,217
Net gains / (losses) on investment	assets		(100,290)	(1,190,544)	(~1,290,834	789,020
Net income I (expenditure)			(145,301)	(1,326,466)	(1,471,767)	503,409
Other recognised gains / (losses)
Net movement in funds			(145,301)	(1,326,466)	t1,471,767)	503,409
Reconciliation offunds:
Total funds brought forward			1,165,347	16,731,627	17,896,974	17,393,565
Total funds carried forward			1,020,046	15,405,161	16,425,207	17,896,974

				2023
			Notes	R
Cash flows from operating activities:
Cash generated from operations			CF1	(451,871)	(601,382)
Net cash (used in) / provided by operating		activities		(451,871)	(601,382)
Cash flows from investing activities:
Purchase oftangible fixed assets				(79,726)
Purchase offixed asset investments				(3,263,058)	(1,435,896)
Sale offixed asset investments				3,055,038	1,702,505
Interest and dividends received				458,608	436,606
Net cash provided by (used in) investing		activities		170,862	703,215
Change in cash &cash equivalents	(note	15)		(281,009)	101,833
Cash &cash equivalents at 6April 2022				309,776	207,943
Cash &cash equivalents at 5April 2023				28,767	309,776

		Unrestricted	Restricted
		Funds	Funds	Total	Total
		2023	2023f	2023 R	2022
	Investment Income
	Bank interest receivable and currency gains	295		295	10
	Investment interest
	UK Government stocks
	Fixed interest securities
	UK equities
	Overseas equities	458,313		458,313	436,596
	Reallocation	(52,546)	52,546
		406,062	52,546	458,608	436,606
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	54,512		54,512	89,039
	Renovations and drainage ofthe sports
	pitches				60,914
	Support costs (note 5)	426,561	188,468	615,029	602,264
		481,073	188,468	669,541	752,217

Analysis ofsupport	costs	Unrestricted Funds	Restricted Funds	Total 2023	Total 2022
Audit fees		10,926		10,926	7,800
Clerks management	fees	27,840		27,840	26,040
Bank charges
Legal and professional fees		6,767		6,767	13,241
Investment management fees		5,208	61,812	67,020	73,844
Roding Valley Nature	Reserve	20,697		20,697	19,526
Grange Farm Sports	Centre
Ltd		310,000		310,000	275,000
Chigweli Meadows Limited		42,000		42,000	60,000
Depreciation —buildings car
parks and playground			126,656	126,656	126,656
Trustee training expenses					113
Sundries		3,123		3,123	44
		426,561	188,468	615,029	602,264

Tangible	fixed	assets
			Restricted Funds		Unrestricted	Total	Total
					Funds
			Freehold Land	Buildings, car parks and Playground	Asset under construction	2023	2022
			R	R
Cost
At 6 April	2022		5,100	3,571,831		3,576,931	3,576,931
Additions				3,000	76,726	79,726
At 5 April	2023		5,100	3,574,831	76,726	3,656,657	3,576,931
Accumulated		depreciation
At 6 April	2022			847,724		847,724	721,067
Provided	in year			126,657		126,657	126,657
At 5 April	2023			974,381		974,381	847,724
Net book	value
At5April	2023		5,100	2,600,450	76,726	2,682,276	2,729,207
At 5Apl'll	2022		5,100	2,724,107		2,729,207	2,855,864

			Total	Total
			2023	2022
Valuation			R
At 6 Aprii	2022		14,936,604	14,414,193
Additions			3,263,058	1,435,896
Disposals			(3,055,038)	(1,702,505)
Revaluation			(1,290,834)	789,020
At 5 April	2023		13,853,790	14,936,604
Investments	—Capital acoount		(118,851)	245,358
Total value at 5 April 2023			13,734,939	15,181,962
Investments	are held within portfolios managed	in the UK.
Historical costas at 5April 2023			12,838,867	13,155,344
Histodcal costas at 5April 2022			13,155,344	12,988,544

	Unrestricted	Total	Total
		2023	2022
			R
income tax	2,950	2,950	2,950
Other debtors	58,147	58,147	59,567
	61,097	61,097	62,517

Creditor	s: amount	s falling due within	one year
			Restricted	Unrestricted	Total	Total
					2023	2022
Chigwell	Meadows	Limited				11,500
Grange	Farm Sports Centre Ltd			46,210	46,210	19,401
Other creditors				62,154	62,154	45,599
Expense	creditors			92,371	92,371	64,642
				200,735	200,735	141~142

			At
					Capital
			5April	Incoming	Gains/	Outgoing	5April
			2021	resources	(losses)	resources	2022
			R	R	R		R
Restricted	Fund	A	'f00				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 6231	(2,208) ~583	558,300 147,475
			16,209,017	50,056	728,284	(255,730)	16,731,627
			At				At
					Capital
			5April	Incoming	Gains/	Outgoing	5April
			2022	resources	(losses)	resources	2023
				R	F		R
Restricted	Fund	A	100				100
Restricted	Fund	B	14,817,102		(1,054,047)	(181,381)	13,581,674
Sports Pavilion		Fund	1,208,650	33,776	(87,740)	(4,555)	1,150,131
Open Space Fund Access Way Fund			558,300 147,475	14,848 3,922	(38,569) ~10,188	(2,003) ~529	532,576 140,680
			16,731,627	52,546	(1,190,544)	(188,468)	15,405,161

Unrestricted	Funds	At				At
		5April 2021	incoming resources	Capital Gains/ (losses)	Outgoing resources	5April 2022
		R	R	R	R
Unrestricted	Funds	1,184,548	416,550	60,736	(496,487)	1 ~165,347
						At
				Capital
		5April 2022	Incoming resources	Gains/ (losses)	Outgoing resources	8April 2023
			R	R
Unrestricted	Funds	1,165,347	436,062	(100,290)	(481,073)	1,020,046

				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 I(losses) on investment		assets		60,736	728,284	789,020	2,800,936
Net income I(expenditure)				(19,201)	522,610	503,409	2,745,431
Other recognised	gains 1(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