THE ROGER EDWARDS EDUCATIONAL TRUST
REPORT AY4D FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

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|Pages||||
|---|---|---|---|
||Trustees' Report|||
||Independent<br>Examiner's||Report|
||Statement ofFinancial||Acnvities|
||Other Comprehensive|Income||
||Statement ofFmancial||Position|
||Statement ofChanges|in Equity||
|9-14|Notes to the Financial||Statements|





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|||Note|2023||2022|
|---|---|---|---|---|---|
||||f|||
|INCOMING RESOURCES||||||
|Investmentlncome|||3~2||34,586|
|Other incoming<br>resources|||31,097||233,583|
|TOTAL INCOMING RESOURCES|||34,639||267,969|
|EXPENDITURE||||||
|Property expenses|||3031$||257,326|
|Management<br>and adruinistration|||506||9/9|
|Professional<br>fees|||2400||2,650|
|Grants payable|||30,603||/7, 052|
|Payable to Morunouthshire<br>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)<br>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|





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||||Note||2023|||2022|
|---|---|---|---|---|---|---|---|---|
||||||f||||
|FIXEDASSETS|||||||||
|Property, plant and equipment||||||1,128,000||1,178,00t)|
|Investmcnts<br>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<br>reserve|||(see page|8)||116,000||151,023|
|Endowment<br>Funds|||(see page|8)||3,808,849||3,781,442|
|TOTALFUNDS||||||3,924,$49||3,932,465|





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||||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<br>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|





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|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|





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||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|
||||||||f||
||Rents||||||31,041|33,578|
||Dilapidations|settlement|received|||||200,000|
||Amazon<br>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|



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|PROPERTY, PLANT AND EQUIPMENT|||
|---|---|---|
||Freehold|Total|
||Land &||
||Buildings||
||g||
|Valuation|||
|At<br>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|





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|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<br>(loss)/gain||(53,599)|(53,599)|
|At 31 March 2023||2,682,327|2,682,327|
|Amounts<br>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|





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|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|



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