THE ROGER EDWARDS EDUCATIONAL TRUST REPORT AY4D FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
| Pages | |||
|---|---|---|---|
| Trustees' Report | |||
| Independent Examiner's |
Report | ||
| Statement ofFinancial | Acnvities | ||
| Other Comprehensive | Income | ||
| Statement ofFmancial | Position | ||
| Statement ofChanges | in Equity | ||
| 9-14 | Notes to the Financial | Statements |
| Note | 2023 | 2022 | |||
|---|---|---|---|---|---|
| f | |||||
| INCOMING RESOURCES | |||||
| Investmentlncome | 3~2 | 34,586 | |||
| Other incoming resources |
31,097 | 233,583 | |||
| TOTAL INCOMING RESOURCES | 34,639 | 267,969 | |||
| EXPENDITURE | |||||
| Property expenses | 3031$ | 257,326 | |||
| Management and adruinistration |
506 | 9/9 | |||
| Professional fees |
2400 | 2,650 | |||
| Grants payable | 30,603 | /7, 052 | |||
| Payable to Morunouthshire Farm School Endowment |
Trust | 1,077 | 4,7/6 | ||
| TOTAL EXPENDITURE | 64,704 | 282,663 | |||
| NET (EXPENDITURE)/ INCOME AND NET MOVEMENT | |||||
| IN FUNDS BEFOREGAINS AND LOSSESON | |||||
| INVESTMENTS AND FIXEDASSETS | (30,065) | (/4, 694) | |||
| Net Gains/(Losses) on fixed assets |
103,177 | 987,408 | |||
| Net Gains /(Losses) on investment | assets | (53,599) | /26, 273 | ||
| NET MOVEMENT IN FUNDS | 19413 | /, 098,987 | |||
| NET FUNDS FORTHE FINANCIAL YEAR | 19/13 | f | /,098,987 |
| Note | 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|---|
| f | ||||||||
| FIXEDASSETS | ||||||||
| Property, plant and equipment | 1,128,000 | 1,178,00t) | ||||||
| Investmcnts held as fixed |
assets | 2,682+27 | 2,609,232 | |||||
| 3,810827 | 3,787,232 | |||||||
| CURRENT ASSETS | ||||||||
| Debtors | 9 | 97,003 | 97,742 | |||||
| Cash at bank and in hand | 200,707 | 279,088 | ||||||
| 297,710 | 376,830 | |||||||
| CREDITORS:Amounts | falling due within | one year | )0 | 183,188 | 231,597 | |||
| NET CURRENT ASSETS | 114,522 | 145,233 | ||||||
| NET ASSETS | f | 3,924,$49 | f | 3,932,465 | ||||
| RESTRICTED RESERVES | ||||||||
| Revaluation reserve |
(see page | 8) | 116,000 | 151,023 | ||||
| Endowment Funds |
(see page | 8) | 3,808,849 | 3,781,442 | ||||
| TOTALFUNDS | 3,924,$49 | 3,932,465 |
| FOR THE YEAR END | ED 31MARCH 2023 | |||||
|---|---|---|---|---|---|---|
| Revaluation | Retained | Total | ||||
| reserve | earnings | equity | ||||
| f | 6 | |||||
| At 31 March 2021 and | 1 Ape l 2021 | 448,714 | 2,673,465 | 3,122,179 | ||
| Profit for the year | 1,098,987 | 1,098,987 | ||||
| COIF Accumulation | units imnvested | 8,990 | 8,990 | |||
| Change in fair value |
of | pmperty, | plant dt equipment | (297,691) | (297,691) | |
| At 31 March 2022 and | I April 2022 | 151,023 | 3,781,442 | 3,932,465 | ||
| Protit for the year | 19,513 | 19,513 | ||||
| COIF Accumulauon | umts reinvested | 7,894 | 7,894 | |||
| Change m fmr value | of | property, | plant 61equipment | (35,023) | (35,023) | |
| At 31 March 2023 | 116,000 6 | 3,808,849 f. | 3,924,849 |
| INVESTM | ENT INCOME | ||
|---|---|---|---|
| 2023 | 2022 | ||
| f | f | ||
| Interest on | Cash Deposits | 3,542 | 116 |
| Dividends | received from COIF Charity Funds | 34,270 | |
| 3,542 | 34,386 |
| 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|
| f | ||||||||
| Rents | 31,041 | 33,578 | ||||||
| Dilapidations | settlement | received | 200,000 | |||||
| Amazon donation |
6 | 5 | ||||||
| Compensation | payment | from | Bank | 50 | ||||
| 31,097 | 233,583 | |||||||
| 4. | PROFESSIONAL FEES | |||||||
| 2023 | 2022 | |||||||
| f | f | |||||||
| Professional | fees - chartered | surveyors | lease dilapidations | 1,500 | ||||
| Legal fees - lease renewal | 900 | |||||||
| Independent | examination | of | the financial | statements | 1,300 | 1,150 | ||
| 2,200 | 2,650 | |||||||
| S. | GRANTS PAYABLE | |||||||
| 2023 | 2022 | |||||||
| f | f | |||||||
| Total grants payable | 30,603 | 17,052 |
| PROPERTY, PLANT AND EQUIPMENT | ||
|---|---|---|
| Freehold | Total | |
| Land & | ||
| Buildings | ||
| g | ||
| Valuation | ||
| At 1 April 2022 |
1,178,000 | 1,178,000 |
| Disposals | (50,000) | (50,000) |
| At 31 March 2023 | 1,128,000 | 1,128,000 |
| Depreciation | ||
| At 31 March 2023 | ||
| Net BookAmounts | ||
| At 31March 2023 | f. 1,128,000 | f 1,128,000 |
| At 31 March 2022 | I 1,178,000 | f 1,178,000 |
| INVESTMENTS HELD ASFIXEDASSETS | |||
|---|---|---|---|
| COIF | |||
| Charity | |||
| Funds | Total | ||
| f | |||
| Cost or valuation | |||
| At 1 April 2022 | 2,609,232 | 2,609,232 | |
| Additions | 126,694 | 126,694 | |
| Revaluation (loss)/gain |
(53,599) | (53,599) | |
| At 31 March 2023 | 2,682,327 | 2,682,327 | |
| Amounts written off |
|||
| At 31 March 2023 | |||
| Net BookAmounts | |||
| At 31March 2023 | f, | 2,682,327 | f 2,682,327 |
| At 31 March 2022 | f 2,609,232 | f 2,609,232 |
| 9. | DEBTORS | DEBTORS | 2023 | 2022 | |||
|---|---|---|---|---|---|---|---|
| f | f | ||||||
| Amounts | falling due within one year: | ||||||
| Other debtors | 2,003 | 2,742 | |||||
| 2,003 | 2,742 | ||||||
| Amounts | fa()ing due at)er more than | one year: | |||||
| Amounts | owed by related companies | (see note 12) | 95,000 | 95,000 | |||
| f | 95,000 | f | 95,000 |
| CREDIT | ORS: | AMOUNTS FALLIN | G DUE WITHIN ONE Y | EAR | ||||
|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||||
| f | ||||||||
| Share of | income | due to Monmouthshire | Farm School Endowment | Trust | 1,077 | 4,716 | ||
| Approved | grants | payable | 980 | L970 | ||||
| Other creditors | and accruals | 181,131 | 224,97/ | |||||
| f | 183,188 | f | 23L597 |