2021-12-31-accounts - Rand's Educational Foundation

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			Page
Reference and Administrative Details
Report ofthe Trustees		2	to	4
Independent Examiner's Report
Statement ofFinancial Activities
Balance Sheet
Notes tothe Financial Statements	8		to	16

TRUSTEES		CCropley - Holwell Parochial Church Council	CCropley - Holwell Parochial Church Council	CCropley - Holwell Parochial Church Council
		M Cooper —{Co-opted) (resigned		17/2/22)
		W Harris —Holwell Parish Council
		CThurstance - Ickleford Parish Council
		RSimkins —Stondon	Parish Council (resigned 23/2/21)
		C P A Strong - North	Hertfordshire	District Council
		J Hayes - {Co-opted)
		JCarlyle - (Co-opted)	—Vice Chairman
		RGainsford —Holwell	Parochial Church Council
		PJ Hurworth -(Co-opted) —Chairman
		DAshley —Hertfordshire Country		Council (resigned 7/5/21)
		J Barker - (Co-opted)
		P Lazenby —Stondon	Parish Council (appointed		13/07/21)
		N L Rowe —Pirton Parish Council
		CA Everett —Holwell	Parish Council (resigned		3/11/21)
PRINCIPAL ADDRESS		Suite 2,The Granary
		Fairclough Hall Farm
		Halls Green
		Weston
		Hertfordshire
		SG4 7DP
REGISTERED CHARITY NUMBER		311022
INDEPENDENT	EXAMINER	Wags LLPt/a Wagstaffs
		Richmond House
		Walkern Road
		Stevenage
		Hertfordshire
		SG1 3QP

		2021	2020
		Unrestricted	Total
		funds	funds
	Notes	E	f
FIXEDASSETS
Investments
Investment property		3,495,000	3,495,000
Socialinvestments		2,303,295	2,078,800
		5,798,295	5,573,800
CURRENT ASSETS
Debtors	10	11,692	5,879
Cash at bank		182,689	126,588
		194,381	132,467
CREDITORS
Amounts falling due within one year		(3,900)	(3,900 j
NET CURRENT ASSETS		190,481	128,567
TOTAL ASSETS LESSCURRENT LIABILITIES		5,988,776	5,702,367
NETASSETS		5,988,776	5,702,367
FUND5	12
Unrestricted funds		5,98$,776	5,702,367
TOTALFUNDS		5,9$$,776	5,702,367

INVESTMENT INCOME
	2021	2020
	E	E
Rents received	109,292	100,832
Income from listed investments	66,281	60,364
Interest receivable	6	11
	175,579	161,207

				2021	2020
				E	E
Repairs and maintenance				35,060	37,760
Insurance				6,153	5,468
Commissions &legal	fees			11,705	10,081
Property investment costs Other investment management			costs	52,918 14,655	53,309 12,860
Support and governance		costs		1,179	2,214
Total investment ma	nagement		costs	68,752	68,383
				2021	2020
				E
Grants to institutions
School facilities				18,080	16,870
Other organisations				9,143	11,785
				27,223	28,455
Grants to individuals				80,700	77,338
Total direct costs				107,923	105,793
Support and governance		costs	allocated	10,616	19,923
Total grant costs				118,539	125,716

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIE	S
	Unrestricted
	funds
	f
INCOME AND ENDOWMENTS FROM
Investment income	161,207
EXPENDITURE ON
Charitable activities
General grant	194,099
Net gains on investments	57,823
NET INCOME	24,931
RECONCILIATION OF FUNDS
Total funds brought forward	5,677,436

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -continued	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -continued	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -continued	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -continued
				Unrestricted
				funds
				E
TOTAL FUNDS CARRIED FORWARD				5,702,367
NET GAINS/(LOSSES) ON INVESTMENTS
			2021	2020
			E	E
Realised and unrealised	gains / (lossesjon investments		298,121	57,823
			298,121	57,823
INVESTIVIENT PROPERTY
			2021	2020
			E	E
1&2 Rands Cottages,	Holwell	Road, Holwell	300,000	300,000
3 Rands Cottages, Pirton Road, Holwell			300,000	300,000
4 - 6 Rands Cottages, Pirton Road, Holwell			430,000	430,000
New Rectory, Holwell			480,000	480,000
47The Broadway, Mill	Hill, London		575,000	575,000
49The Broadway, Mill	Hill, London		500,000	500,000
374 Brixton Road, London			800,000	800,000
Other property:
Holwell Village Hall			60,000	60,000
John Rand Recreation	Ground,	Holwell	50,000	50,000
			3,495,000	3,495,000

SOCIAL INVESTMENTS	SOCIAL INVESTMENTS
				Programme
				related
				investments
				equity
				E
Market value
At 1stJanuary 2021				2,078,800
Additions				482,909
Disposals				(556,535)
Reva luations				298,121
At 31stDecember	2021			2,303,295
Net book value
At 31stDecember	2021			2,303,295
At 31stDecember	2020			2,078,800
Fidelity Ucits ICA	shareholding	amounts to 5.49~%%doftotal	shareholding.
Cost orvaluation	at 31stDecember 2021 is represented		by:

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
		E		E	E
Unrestricted	funds
General fund		161,207	(194,099)	57,823	24,931
TOTAL FUNDS		161,207	(194,099)	57,823	24,931

			2021	2020
			E	E
INCOME AND ENDOWMENTS
Investment income
Rents received			109,292	100,832
Income from listed investments			66,281	60,364
Interest receivable			6	11
			175,579	161,207
Total incoming resources			175,579	161,207
EXPENDITURE
Charitable activities
Grants to institutions			27,223	28,455
Grants to individuals			80,700	77,338
			107,923	105,793
Support costs
Management
insurance			6,153	5,468
Sundries			7,506	7,984
Repairs and maintenance			35,060	39,411
Legal and professional Commissions	fees		4,752 11,242	12,502 10,081
investment management		fees	14,655	12,860
			79,368	88,306
Total resources expended			187,291	194,099
Net expenditure before gains and losses			(11,712)	(32,892)
Realised recognised gains		and losses
Realised gains/(losses)	on	fixed asset
investments			298,121	57,823
Net income			286,409	24,931