THE ROGER EDWARDS EDUCATIONAL TRUS[ REpoKfAND FINANCIAL sTATEMEs FOR THE YEAR ENDED 31 MARCH 2022
| Note | 2022 | 2021 | ||||
|---|---|---|---|---|---|---|
| I | ||||||
| INCOMING RESOURCES | ||||||
| Investment Income |
34386 | 42,045 | ||||
| Other incoming resources | 233,5$3 | 29,324 | ||||
| TOTAL INCOMING RESOURCES | 267,969 | 71,369 | ||||
| EXPENDITURE | ||||||
| Property expenses Management and administration Professional fees |
257326 919 2,650 |
69,854 849 4,606 |
||||
| Grants payable | 17,052 | 11,714 | ||||
| Payable to Monmouthshire Farm School Endowment |
Trust | 4,716 | ||||
| TOTAL EXPENDITURE | 282,663 | 87,023 | ||||
| NET (EXPENDITURE)/ INCOME AND NET MOVEMENT | ||||||
| IN FUNDS BEFOREGAINS AND LOSSESON | ||||||
| INVESTMENTS AND FIXEDASSETS | (14,694) | /15,6543 | ||||
| Net Gains/(Losses) on fixed assets |
987,408 | |||||
| Net Gains /(Losses) on mvestment | assets | 126,273 | 2/0, 414 | |||
| NET MOVEMENT IN FUNDS | 1,098,987 | 194,760 | ||||
| NET FUNDS FOR THE FINANCIAL YEAR | 5 | 1,098887 | f | 194,760 |
| Note | 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|---|
| f | ||||||||
| FIXEDASSETS | ||||||||
| Property, plant and equipmcnt |
1,178,000 | 1,603,000 | ||||||
| Investments held as fixed |
assets | 2,609,232 | 1,357,287 | |||||
| 3,787,232 | 2,960,287 | |||||||
| CURRENT ASSETS | ||||||||
| Debtors | 9 | 97,742 | 128,904 | |||||
| Cash at bank and in hand | 279,088 | 52,543 | ||||||
| 376,830 | 181,447 | |||||||
| CREDITORS: Amounts | faUing due within | one year | 10 | 231,597 | 19,555 | |||
| NET CURRENT ASSETS | 145~3 | 161,892 | ||||||
| NET ASSETS | 6 | 3,932,465 | 6 | 3,122,179 | ||||
| RESTRICTED RESERVES | ||||||||
| Revaluation reserve |
(see page | 8) | 151,023 | 448,714 | ||||
| Endowment Funds |
(see page | 8) | 3,781,442 | 2,673,465 | ||||
| TOTAL FUNDS | 3,932,465 | 6 | 3,122,179 |
| At 31 March | 2020 | and | I April | 2020 |
|---|---|---|---|---|
| Profit for the | year | |||
| At 31 March | 2021 | and | I Apnl | 2021 |
| Profit for th«year | ||||
| COIP Accumulation | unrts remvested | |||
| Revaluauon | value | ofproperty | sold | |
| At 31 March | 2022 |
| TRUST UITY 2022 |
TRUST UITY 2022 |
||
|---|---|---|---|
| Revaluatloa | Retained | Total | |
| reserve | earainas | equity | |
| E | t | E | |
| 448,714 | 2.478.705 | 2,927.419 | |
| 194,760 | 194,760 | ||
| 448,714 | 2,673,465 | 3,122,179 | |
| 1,098.987 | 1,098,987 | ||
| 8,990 | |||
| (297,691) | (297,691) | ||
| f. | 151,023 E | 3,781,442 E | 3,932,465 |
| 2022 | 2021 | ||
|---|---|---|---|
| Interest on | Cash Deposits | 116 | 32 |
| Dividends | received fium COIF Charity Funds | 34,270 | 42,073 |
| 34,386 | 42,045 |
| 2022 | 2021 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| f | |||||||||
| Rents | 33,578 | 29,324 | |||||||
| Dilapidations | settlement | received | 200,000 | ||||||
| Amazon donation |
5 | ||||||||
| 233,583 | 29,324 | ||||||||
| 4. | PROFESSIONAL FEES | ||||||||
| 2022 | 2021 | ||||||||
| f | |||||||||
| Professional | fees | —chartered | surveyors | lease dilapidations | 1,500 | 3,336 | |||
| Professional | fees | —grazing | licence | 240 | |||||
| Independent | exanunation | ofthe financial | statements | 1,150 | 1,030 | ||||
| 2,650 | 4,606 | ||||||||
| 5. | GRANTS PAYABLE | ||||||||
| 2022 | 2021 | ||||||||
| f | f | ||||||||
| Total grants | payable | 17,052 | 11,714 |
| PR | OPERTY, PLANT AND EQUIPMENT | |||
|---|---|---|---|---|
| Freehokl | Total | |||
| Land & | ||||
| Buildings | ||||
| Valuation | ||||
| At | 1 April 2021 | 1,603,000 | 1,603,000 | |
| Dtsposals | (425,000) | (425,000) | ||
| At | 31 March 2022 | 1,178,000 | 1,178,000 | |
| Depreciation | ||||
| At | 31 March 2022 | |||
| Net BookAmounts | ||||
| At | 31 March 2022 | f 1,178,000 | f | 1,178,000 |
| At | 31 March 2021 | f 1,603,000 | f | 1,603,000 |
| INVESTM | ENTS HELD AS FIXEDASSETS | |||
|---|---|---|---|---|
| COIF | ||||
| Charity | ||||
| Funds | Total | |||
| E | ||||
| Cost or valuation | ||||
| At 1 April |
2021 | 1,357,287 | 1,357,287 | |
| Additions | 2,423,740 | 2,423,740 | ||
| Revaluation | (loss)!gain | (482,669) | (482,669) | |
| Disposals | (689,126) | (689,126) | ||
| At 31 March 2022 | 2,609232 | 2,609,232 | ||
| Amounts | written off | |||
| At 31 March 2022 | ||||
| Net Book | Amounts | |||
| At 31 March 2022 | E 2,609,232 | E 2,609,232 | ||
| At 31 March 2021 | 1.357.287 | I | 1,357,287 |
| 9. | DEBTORS | DEBTORS | 2022 | 202I | |||
|---|---|---|---|---|---|---|---|
| Amounts | falling due within one year: | ||||||
| Other debtors | 2,742 | 33,904 | |||||
| E | 2,742 | E | 33,904 | ||||
| Amounts | falling due after more than | one year: | |||||
| Amounts | owed by related companies | (see note 12) | 95,000 | 95,000 | |||
| E | 95,000 | 95,000 |
| 2022 | 2021 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| f | f | ||||||||
| Share of | income | due to Monmouthshire | Farm School Endowment | Trust | 4,716 | ||||
| Approved | grants | payable | 1,970 | ||||||
| Other creditors | and accruals | 224,911 | 79,555 | ||||||
| f | 231,597 | f | 19,555 |