2021-03-31-accounts - Anglesey Further Education Trust Fund

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		Page
Report ofthe Trustees Report ofthe Independent Examiner Statement of Financial Activity		1-5 6 7
Balance Sheet		8
Notes to the Financial	Statements	9-15

						31.3.2021	31.3.2020
			Notes	Restricted	Endowment	Total Funds	TotalFunds
				Funds	Funds
				f	6
Income and Endowments	from:
Investment Income				3,642	134,176	137,818	136,793
Total Income				3,642	134,176	137,818	136,793
Expenditure on:
Investment Management					(71,732)	(71,732)	(75,431)
Charitable Activities				(108,173)		(108,173)	(87,729)
Support Costs					(14,807)	(14,807)	(14,336)
Total E nditure				108,173	86539	194,712	177,496
Net Income / (Expenditure)	available for
distribution before Gains and Losses on				(104,531)	47,637	(56,894)	(40,703)
Investments
Payment of25%ofnet income Hughes Charity for the Poor		to David			(11,909)	(11,909)	(10,681)
Transfer of remaining net Endowment				35,728	(35,728)
income to the Further Education		Trust Funds
Net Income / (Expenditure) Losses on Investments	before Gains and			(68,803)		(68,803)	(51,384)
Net Gains / (Losses) on Investments				18,351	1,513,294	1,531,645	(32,700)
Net Income/ Ex enditure				50,452	1,513,294	1,462 842	84,084
Net Movement in Funds				50,452	1,513,294	1,462,842	84,084
Reconciliation ofFunds:
Total Funds brou ht forward				389,799	2,763,167	3,152,966	3,237,050
Total Funds carried forward				339,347	4,276,461	4,615,808	3152966

										31.3.2021	31.3.2020
				Notes		Restricted	Endowment		Total Funds		Total Funds
						Funds	Fund
						E	6
Investments listed ortraded on a			recognised
Stock Exchange					7a	113,215	162,110			275,325	230,780
Investment Properties		- the David Hughes
Estate					7b		4,032,900			4,032,900	2,545,800
Total Fixed Assets						113,215	4,195,010			4,308,225	2,776,580
Current Assets
Debtors								67,407		67,407	64,828
Cash at bank and in hand						226,132		33,214		259,346	328,207
Total Current Assets						226,132	100621			326,753	393,035
Liabilities
Creditors: amounts	falling due within one year				10			(19,170)		(19,170)	(16,649)
Net Current Assets	or	Liabilities				226,132		81,451		307,583	376,386
Creditors: amounts	falling due after more than
one year
Provisions for liabilities
Total Net Assets or	Liabilities)					339,347	4,276,461			4,615,808	3,152,966
The Funds ofthe Charity
Endowment Funds							4,276,461			4,276,461	2,763,167
Restr'icted Income Funds						339,347				339,347	389,799
Total Charit Funds						339,347	4	276,461		4,615,808	3,152,966
The financial statements			are signed	by the	Director of Function (Resources)					/ Section 151 Officer
under delegated		authority:

		Restricted	Endowment	Total 31.3.21	Total 31.3.20
Investment Income		Funds	Funds
			6
Rents received			125,994	125,994	123,071
Water rates - recharges			3,024	3,024	3,429
Other income from David Hughes Estate			100	100	1,600
Dividends and and Investment	Interest	3,491	5,003	8,494	6,824
Otherlnterest		151	55	206	1,869
Total Investment Income		3,642	134,176	137,818	136,793

			Restricted	Endowment	Total 31.3.21	Total 31.3.20
Investment Management	Costs		Funds	Funds
Repairs and Maintenance	of	the David Hughes Estate		(63,277)	(63,277)	(74,023)
Water Charges				(3,024)	(3,024)	(1,000)
Professional Services				(407)	(407)	(1,780)
Other property expenses
Bad Debt provision				(5,024)	(5,024)	1,372
Total Investment Management		Costs		(71,732)	(71,732)	(75,431)

				Restricted	Endowment	Total 31.3.21	Total 31.3.20
Charitable	Activities			Funds	Funds
				E	K
Education	grants awarded			(9,452)		(9,452)
Grants to	schools - learning	coaches		(98,721)		(98,721)	(44,929)
Grants to	schools - help towards		higher education				(42,800)
Total Charitable Expenditure				108,173)		(108,173)	(87,729)

			Restricted	Endowment	Total 31.3.21	Total 31.3.20
Support Costs			Funds	Funds
			8	6
Property management	administrative	costs		(10,702)	(10,702)	(10,103)
Accounting and support	costs			(3,175)	(3,175)	(3,303)
Independent Examiner's IAudito Vs		Remuneration		(930)	(930)	(930)
Total Support Costs				(14,807)	(14,807)	(14,336)

Distribution ofEndowment	Fund Net Income	Fund Net Income	Total 31.3.21	Total 31.3.20
			6	6
Net income available for distribution losses on investments		before gains and	47,637	42,725
25% paid to David Hughes	Charity for the Poor		11,909	10,681
25%transferred to Further	Education	Trust 1/3	11,909	10,681
50%transferred to Further	Education	Trust 2/3	23,819	21,363

					Restricted	Endowment	Total 31.3.21	Total 31.3.20
Net Gains	/ (Losses) on Investments				Funds	Funds
					6
Gains / (Losses)		on listed Investment		Funds	18,351	26,194	44,545	(32,700)
Gains / (Losses)		on Investment	Properties			1,487,100	1,487,100
Total Net	Gains	/ Losses)			18,351	1,513,294	1,531,645	(32,700)

Debtors:	Amounts	Falling due within One Year	31.3.21	31.3.20
				E
Amounts	recoverable	on contract	106,526	98,922
Bad Debt	Provision		(39,119)	(34,094)
Total Debtors			67,407	64,828

		Further	Further	David Hughes	Total Funds	Total Funds
Cash	at Bank	Education Trust	Education Trust	Charitable	31.3.21	31.3.20
		1/3	2/3	Estate
		8	E	E
Cash	at Bank	89,868	138,266	33,214	259,346	328,207
Bank	De osits	89,866	136,266	33,214	259,346	328,207

		Restricted	Endowment	Total 31.3.21	Total 31.3.20
Creditors: Amounts	Falling due within One Year	Funds	Funds
			E
Other creditors			(19,170)	(19,170)	(16,649)
Total Creditors			(19,170	19,170	(16,649)

Movement in Funds	Movement in Funds		1.4.20	Net Movement in Funds	31.3.21
				8
Further Education	Trust	1/3	238,583	(71,965)	166,618
Further Education	Trust	2/3	151,216	21,513	172,729
Restricted Funds			389,799	(50,452	339,347
David Hughes Charitable		Estate	2,763,167	1,513,294	4,276,461
Endowment Funds			2,763,167	1,513,294	4,276,461
Total Funds			3,152,966	1,462,842	4,615,808

			Income	Expenditure	Transfers	Gains and	Movement in
Net Movement in	Funds included	in the above:	Resources			Losses	Funds
			8			8	8
Further Education	Trust 1/3		2,430	(98,721)	11,909	12,417	(71,965)
Further Education	Trust 2/3		1,212	(9,452)	23,819	5,934	21,513
Restricted Funds			3,642	(108,173)	35,728	18,351	(50,452)
David Hughes Chadiabie Estate			134,176	(98,448)	(35,728)	1,513,294	1,513,294
Endowment Funds			134,176	(98,448	35,728)	1,513,294	1,513,294
TotaiFunds			137,818	(206,621		1,531,645	1,462,842