THE ROGER EDWARDS EDUCATIONAL TRUST
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

THE ROGER EDWARDS EDUCATIONAL TRUST
CHARITY tNFOILMATIO
FOR THE YEAR ENDED 311IARCH 2024
TRUSTEFS
c.hristopher Cowburn
R]"chard Mors¢
Jonathan Stepben5
Jarne5 Osi%)rne
Cieoffr¢y Hughes
G¥reth Edwards
Cathon Brooker
Tracey Huxley
Elajne Lewis
SECRETARY
Jonathan Stqjhens
REGISTERED OFFICE
Roger Edwards Hou
18 Maryw)rt Stre
L'sk
Monmouthshi
NP15 IAE
REGISTERED CHARITY NUMBER
525638
BANKERS
Barclays Bank
LeiLesleT
LE87 2BB
INDEPENDENT EXAMINER
Daykins Accountsncy Ltd
Chartered Accountants
Redwuod Suite
Oak House
Llancayo Court
Utsk
Monmouthshire
NP15 IHTr
page I

THE ROGER EDWARDS EDUCATIONAL TRDST
CHAIUTY INFORMATIO
FOR THE YEAR ENDED 31 MARCH 2024
CONTENTS
Pages
Trus(ecs' Re[￿￿1
In*ndent Extiminerfs R¢r
s￿l¢ment of Financial Aclivilies
her C￿mprehe￿S1vC lllcomc
Staiement of Financial Position
Sthtcment of Changes in Equity
9-14
Noles to the Fimancial Statr[t￿nts
page ?

THE ROGER EDII'ARDS EDLC.4TIOYAL TRUST
TRLSTEES, REPORT
FOR THE YF.AR F.liDED 31 %IARCH 2024
The Trnstees preseni their annual rerA)rt and ihe independendv examined financial ststcment5 for the yeas ended
31 March 20?4 of The Roger Edii'ard% F.ducaiional T￿$1 I'ihe Chariry'l.
ThL infornuiion iviih re¥p￿t io Tnibltts. oITi¢ers and advisLYS Set out in the Charity InfoTTnatKun fomis pan of ihis
report.
The fn&nLial statements have been prepared in a¢COTdancL w'ith ihe accounlirbg wliric%.4ct aui in note I to the
aLLoullLS and comply with th¢ Chariiy'5 trusi deed. Ihe Chariliis A¥[ •OI l and Aciouniing and RLporting by
Charities.. Stai¢Enent of ReLonimend¢d PtactiLr appliiablc tu charities preparing thcÈr aLcounis rn accordance wilh
the F'inanLial Reporting Standard applicable tn the L'K and R¢publtc of 1relaT￿ (TrRS 1021 publis13Ld 16 July 2014.
Statss And *dmirtistrA¢iOn
The Chanry is governed by a scheme da￿d l April 2010.
Objective5
Th¢ primary objective of the Chariiy. as Slats.d guveming d4xumenl& is 10 advance education fur the publiL
benefjl by..
l. A Piiyin¢nt of two thirds of thc incumc of the endowment 10 die Monm4wthbhirc Farm School Endowrnent Trust
(registered charity number 5256491.
2. Providing and assisiing in the provision of faciliiies. rioi requÈred io be proN"idcd by the loLal education
uihority for education. ai th¢ Lsk Church Ln Ilalcs Primary sch￿1.
3. For thL pllbli¢ benefit to proTfLOte ihe eduLatioll linrluding social and physical ￿aInIng￿ of ￿￿pIe resident in the
rea of benefit Ivi 511ch Wdy% 3$ Ihe Charily Twsie¢s ihink fil, Jncludiiig by..
al dwarding to such pcrsons scholarsliips. allowatKe5 or grants i¢nablc ¥ arty unii'ulity. coll¢ge or
iitstiiuiion of higher or further educ#ilLOn'
bl providinu iheii education lincluditjg the stud). ofmusic or other 8nsl, 10 undetldkL ifdvel in lullherance ofthat
education or tu prepare for entry lo anv occupation. trade or profession on Icai'ing any ¢ducational cstablishmelli..
Ll pri)viding and assisting in the provisii)rt of r.acililies lor education ai any chan￿bI¢ ¢ducatitsnLi establishmenl
in the area of benefit.
Review of 4ctivitie5
Thc biaiemeni of financial a¢iivtli¢s for the yedr is sei oui on page 6 of the ftnancLa] 5thte7nerJ15. A summary of ihe
rinancial resulLs and the work of ihe chartty is Set oui below..
ThL Furtd has inLreased In value by £?IM,01 I this y¢ar.1£19.513 increase in i?lue in 2022.'2.11.
Incvming resouTCC5 CDll5isicd of a donat50n frum Ama¥.on of £1 g1£6 in 20?2J?11, a c4)mpcnsation pas'inent Irorn
BaTclays Bank of £NIl1£50 in 1O2?i231. ini¢r¢si 011 Lash held of £"1.40? 1£3.542 in ?0221?3I, rett￿1 inLome of £28.189
1£31.041 in ?0221231.
Re%ourLes expended Coftsisied ofmanagemeni aod 3dministraiii'¢ LOSLS l)f Ll.(K)6 (£506 2022.'23I. property
expenses of £31.2481£30.3 18 in 20??,.231. legal and profe55ional fees of£i.260 IL9W in 202*1231 ￿lating io lease
dilapkdation5 and rcni rc%'iews. independeni eKaminaiion fee of £1.4W1£1.31X) ID ?0221?31 and gTanLS of L4i.195
1£30.6Q3 in ?0221231 in line ￿'7[h the Chariiy> obje¢iiv¢s. Unrealik.d gains of Li3%.974 (£53,599 ullreali5ed losses in
70221231 drobe on ¢hJnges in fixed &s>ei invcstmenl valuts.
Invtstmeni poH"ers. poliev perform•nce
Und¢r the L¢rn]s of the Trusi Deed. Ihc TTusle&s hai'c gellcral ￿we￿% of invebtsneni, bubjeci io the provisions of
the Trkislee Aci 2000. The Trusiees revie￿. Ihe c-han1￿",5 in%'esimeni slrai¢gy eN'ery qu3ner and monies dre
s¢raiegically placed in manag¢d in%'cstm¢tkl> in￿nded io yield a r¢liable reiuTn and. oi'er Ilic Ions Icrm, 10 mainÈJin
or &iTnw capital values in redl teTms.
In accordazLC¥ WÈth the ini'estmeni policy a￿0￿ed in 2021122. proceeds Irom th¥ salc ot'prop¢Tty in 2022123 (see
iiote 71 were also invested in th¢ a¢cumulaiiTrn units of funds. mandged by the Charities Official InvestTheni Fund
(COIFI. These uniLN do not pay a fortnal diYideDd_
page.1

THE ROGER EDWARDS EDLCATIOYAL TRL'ST
TRUSTEES. REPORT (CO%T.)
FOR THE YEAR ENDED 31 MARCH 2024
Granl Djaking poll
Grants are madc pursuance ofthe Charity's objective¥ as daakled aknve. All grant5 awarded during Ihe
rJn2tLcial year were made in line with th¢ wrreni criteria.
Ch￿g¢S in fixed a55ets
The mvemenrs in fixed ass¢ts during the year aTC set nolc 7 to the financi2] sthternents. The freehold land
and buildings were last reVaI￿d in March ?016 on the basis of open markrt value by one ofThe Trt￿lee5, Mr C
Cowbum MRICS, who is a qualified Chartered SuTheyor with membershÈp ofthe valuation division of Th¢ Royal
Insiitytion of C.hartercd SurveyoT%. As a resuli no charge for depreciatson is made on fr¢¢hold land and buEldin85
&s it is the TnJstees' opinion ihere has been no material irnpaiErnent to the valuation.
The endowmeni was created by a scheme dated l April 2010 10 separate the Llsk Grammar Sch￿1 Follndation from
th¢ Montnouthshire FurtlKr Educalion Twbi Fund. The Trustres. EM)licy i& over the long teTm. to maintain 01
grow fund5 rcal tCrnJS 3nd to utilise annual inCOtT￿ receii'ed to fimd clwi"table expenditure. The governing
docum¢nts also allow the Trusttts discretion to use ihe Chariiys exrtndable endowmi for charitable objects.
The Chanry is required io make an annual pa￿t io the Monrnouthshitr Farln Schi)ol Endowmeni Trusi Fund
(Charity no. 525&191 equivalent io two third5 of the aTfftual inv&s(meni aThl renthl in¢om¢ after d¢duding Tunnirtg
expenses incurred.
Tru$ttt$' r¢swJnslb611tles sn relatlon to tht fiMn¢ial st*tements
The Trustecs are responsible for preparing a IDJsteos' annual le￿rt and financial slatements in accordance with
applicable law and United Kingdom Accounting Srandards {t&NLied KiDgdoTn Gener311y Acrepted Accounting
Prdctic¢).
Th¢ law applicable to charitie% in England and Wales requires the Ch￿1￿ tsus*es to prepar¢ financial stat¢m¢nt5
for each year which ￿¥¢ a true and fair view of ihe slaie ofaffairs ofihe charity and of the incoming resources and
application of resources. of the charity for that p¢riod. In preparing thc financial siatCTnents. thc Trustees ase
Tequired io..
l) seltci suitable a¢couniing policies and then apply them consist¢ntly:
21 JNke judgements accouniing estiTnales thal are fra￿￿3b]e and PTudertL
31 observE the rnethod5 aTkd principle5 in thE aiwlirable Chariiies SORP-
4} state whether awlicable UK Accounltng Sthndards haNe been followed. subJe¢i io any materxal depamjres
disclosed and explained in the fmaniial staiements.
5) prepare the financial ststem¢nts on the going concern basi5 unless it is inappropTiate to presuTne that the
company will continue iD operdtiona] existence.
staten￿Tht of dlselosure to IDdependeDt ExamiDer
The Trt￿ttE5 who held otrice on the dale of approval of this annual report confirm that..
al 50 far &5 they are aware. there is no relevant Infom￿[70￿ (infortnaiion needed bj. the Charity's Inde￿dent
examiners in conlleciion ￿[h preparin8 their report) of which the Chariws iThdwdeTht exarninw are unaware;
atjd
b) they ha¥e thken all the steps that they to ha￿'e tsken a5 Tnjslces in order to make themselves aware of
any relevant infom)alion dnd io esthblish that the Charity's indep¢Dd¢nt examinffs ar¢ awar¢ ofthat inforrnation.
This report was approved by the Trustees on 30& Zo• and,"gned on their bchalf by".
Signed
Richard Mors¢
Signed
chnst￿her Cowburn
page 4

INDEPEThDEh￿ EXAMINER'S REPORT
TO THE TRLSTEES OF
THE ROGER EDWARDS EDUCATIONAL TRUST
FOR THE VEAR ENDEDJI MARCH 2024
I report lo the Ttustres on my examination olthe fmancial sthtrm¢nts of The Roger Edwards Educational Trust for
the year ended 31 March 2024. which 3r¢ sei oul on pages 6 ￿ 14.
R¢$pectlve responsibilities of tr¥5tees independent exami￿tr *nd audit dispen5atiOII
As tbe Charity TTuslees of Ihc Trnsi you are resp)nsible for the prqwation of the financial siatemeDts in
accordanc¢ w'iih the requir¢ments of the C.hariiies Act ?￿1 I'the Aci'l. The £hariry'S TrIj￿e5 considei thai an
audil 15 tK)t rcquircd this year under scction 144121 of the ChariticsA¢t 2011 {thc 2011 Act) and an independent
exaTllirtation is required only.
I report in respect of my examination of (be Tnkst'5 financial statements Ca￿led out under sectiLTrn 145 of the 2011
Art and in carrying out my ¢xaminalion I have followed all the applicable Direciions given by th¢ Chariry
Cort]rnission under s¢¢tion 145151[bl of the Act.
Indepfndellt examiner's 5t*lement
I have complffled my examination. I Confir￿ no maierial maiters have come to rny atttntion in connection the
examiiiaiion giving m¢ to believe that in any maierial r¢s￿l
l) accounting re￿rdS were not kepi in respecl of the Tr￿t fQ4uired by srftson 130 of the Act. or
2) the accounts do not accord wilh ihos¢ records- OF
3} the acci)unts do uot LL)mply with the appliLable requirements concerniDg the fornj and collteni ofthe fiDwKial
stai¢meTJtS Set out in thr Charities {Accounis and Rewnsl Regulations 2￿8 other than any requirement that the
account5 8iwe a'trne and fair view" whi¢h is not a Tnatkr considered as pan oran indwndcnE eLwrJina(ion.
I have no concerns and ha￿.¢ come across no other matters in Connection with the examin8tion to which atteniiott
should be drawn tn this repon ID order io enable a PToper undeT51anding of ihe financial s(alerncnts to be reached.
Philip Daykin FCA
for and Lin behalf of Daykins Accountancy Li
Redwo¢yJ Suite
Oak House
Llancayo Court
Usk
Monmouthshi
NP15 IHY
page 5

THE ROGER EDWARDS EDUCATtOllAL TRUST
STATEMEIIT OF FJSkYCtALACTlVtTIES
FOR THE YEAR F.NDF.D 31 MARCH 2024
2024
202J
INCOMING RESOURCES
lrtvtstmtnt Incorne
Other incoming resources
7.402
2&209
3.54?
3J.097
TOTAL INCOMIliG RESOURCES
3S611
34.639
EXPEIYDITURE
Property exr*nses
Managernent and administrdiiiin
Professional f¢¢s
Grdnts payable
Payable 10 Monmoutlthire Farni Sch￿1 EndowmentTnJsi
31248
1,006
2,660
45.195
465
30,3J8
500
2,200
30,6J3
J.077
TOTAL EXPENDITURE
80.574
64, 704
NET IEXPENDrrLREV INCOI¥IE NET MOVEMEh'T
tN FUNDS BEFORE GAINS AND LOSSES Oli
IP4VESTMEIITS A ThD FIXLD ASSETS
(44963)
(30.065)
Net GaI￿l'lL0sseSI on fixed assets
Nel Gails IILoss¢s) on investrnent a55ets
103.177
f53,599)
33&974
NET MOVEMENT IN FUNDS
294,1111
19.513
ET FUNDS FOR THE FINANCIAL YEAR
£ 294.011
19,513
The noic5 on pages 9-14 part of these ruw￿IaI statejncnts
page 6

THE ROGER EDWARDS EDUCATIONAL TRUST
Rtgibl¢r¢d Charity Nurn￿r.. 575638
STATEI¥IENf OF FITh ANCIAL POSITIOII AT 31 MARCH 2024
Noie
2024
2023
FIXED ASSETS
Prop¢rry. plant and equipment
lllvcstments held as fixed &ss¢ts
1.12&OIHI
3,029380
I, J ?8.000
2.682.327
4.157380
3.810.327
CURRENT ASSETS
Debtors
Cash ai baTth and in hand
1•4.O36
1311
97.003
200, 707
234,239
164,680
297.710
183.188
CREDITORS: Amounts f*llAng due TAthin o•e jexr
10
NET CLRRENT ASSETS
69.559
114,522
NET ASSETS
£ 4227,139 £ 3.924.849
RESTRICTED RESERVLS
Revalua(ion res¢rve
EndownTht Funds
(see page 81
(see page 81
116.iKJO
4,111.139
JJ6,0110
5.80S.849
TOTAL FUNDS
£ 4327.139 £ 3,9•4.849
Richard Motse. Tnjstee
The note5 OR pag&$ 9.14 fomi part olihese financial stsiemenis
page 7

THE ROGER EDWARDS EDLC.4TION.4L TRI",ST
STATEMENT OF CHAYGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024
Toial
eqwiiy
,tl 31 Mar¢h 2072 athd l Apri] ?022
3.7BI.442
3.937.465
19.513
7.894
(J5.0211
COIF A¢cumulJ¥ioD riillTrCStcd
Change iii fair value oftwwetty. plaDI &
7.1144
135.0:
Ai.41 llarrh !O).l and l Apnl 2023
Prolii the year
LOIF AccumulaTI￿ un115 reiny
I ICK(KM)
3.808.￿9
294.011
¥.279
3.9?4.849
1.2?9
Ai )1 Marth ?n14
116.(KM) i
4227 119
The no*s on pages lJ-14 fomi pan ol'these financial staitmcnis
pdge 8

THE ROGER EDWARDS F_DLICATIONAL TRUST
OTLS TO THE ACCOLNTS
FOR THE YEAR ENDED 31 MARCH 2024
SIGNIFICANT ACCOLThTING POLICI￿•
]•. Ststement of cornpliaDce
The Roger Edwar¢ls Educatsonal Trust 15 an Uninco￿Or81cd chariry governed by a scherne dated l April 2010.
Registered office=
Roger Edwards House
18 Maryport Stre
Usk
Monmouthshire
NP15 IAE
Ib BASIS ol Accountittt #nd goillg eoncerD
These financial 51aiernents have been pTepaTed under the hisioTical cost convention. as modified by ihe imclusion
olinvesiments and wigible fixed assets at mark¢t value. The financial ststemenls have been pwared sn
accordance with th¢ Srntement of Reconllne￿ Practiee". Accounting and Reporting by Charities prep￿Ing their
a¢¢ounts in accordaT]ee With the Financial Reponinb? Stsjulatd applirable in the UK and Rcpublic of Ir¢land {FRS
102} i&5ued un 16 July 2014 and the Finonciai ReFM)rting Stsndard applicable to the United KinEdofft arml R￿UbliC
of Ireland IFRS 1021 and th£ Chartties Ad 2011.
The"Iruste¢s consider that there are DO rnaterial u￿ertaInl]eS about the Trt￿l's ability to roniinue as a going
conceTn.
Incoming resour¢¢s
All incoo]e received is accounted for on a Icceivable basis and ha5 been classified under the appropriate
caieBorte5. Irlcome from operating leases is recognised on a btraighi Sine basis oNer th¢ terni of the lease. Wher¢ a
variable basis of pa￿en[ has been agreed with lh¢ le&8tt. any difference betweeD renials paid and income
r￿Q￿Sed on a strdisht lirje b&sis 15 e2ther &irried forward as deferred incotne a5 a rrediloT. or as accnjed inCOTne
a5 a debtor. and crediied or drbiled agalnst income in sub&cqutrti aLcouniing periods.
Id. Grantl PayAble
Grdnts payable are acCou￿led for in full as liabilities of the Chatiry kn approved by ihe Tnjstres and accepted
by the beneficiarÉes.
1¢. Fund I￿0￿￿11n%
The Charity's fvnds (after meeiing the proper costs of adminis￿ring the charity and managing its assets) are
available for the general PUTrObes of the Charity. io be used in accorddnc¢ H'ith the charitsble objects at the
discretion of th¢ Tn]sttts.
If. Tallglble fixed *s5ets #nd depreci*tio
The freeholdlond and buildings were last rtvalued in March 2016 on the b2sis of open market value by one of the
T￿￿tee5, Mr C Cowburn MRICS. who i5 a qualified Chartered Surveyor with membership of the valuation division
of the RoyaI Instituiion of Chancrcd Suryeyors. Thesc assets fomi part of the endowed fwids and ar¢ h¢ld as
invesimcnts. In the opinion of th¢ Trust¢¢s th¢r¢ h&s b¢en no mat￿la1 impairDKnl of value since the dale of
valuation.
No depre¢iaiion has beell charged in (hese accounts oll the freebold land and buildings ￿hle￿ are included in the
accounts ￿ valuaiion.
page 9

THE ROGER EDWARDS EDUCATIONAL TRUST
OTES TO THE ACCOL)TS (CONT.)
FOR THE YEAR E)DED 31 MARCH 2024
SIGNIFICANT ACCOUNTING POLICIES (CONT.)
Ig. Fixed A$set IttvestmeDts
Investments are included * maTk¢t valu¢ at the balaTJce sheet dair. Any rraJis¢d and unrealised gains and losses
on revaluaiion or di5P05als aT¢ COTnbined in the statement of financial aciis'itses.
I h. Short term debton and ¢redltors
Debtors and creditor5 receivable or payable wiihin one year are reLordEd * transaciion price. Any losses arising
frotn impairnjent are reco￿lS¢d in the Statement ofFinancial Acii¥ities.
11. C#$h aud equlv¥leDts
Cash and cash equivalents compnse cash ai bank aThd on haTKI. dcmond with banks and other short-terni
highly liquid inv¢stm¢nt5 wilh 0ri8inal maturiues ofthree nxinths or less.
IJ. Cash Ilvw 5tstemen¢
The Charity is exempi froTn publishing a cash flow sthiemeni as li qualifies for exetllpiion 35 3 S￿￿11 charilable
company under Financial Reporting Sthndard I pargraph 510 on the basis that Il meets the rele￿attt conditions and
size criteria specitied in th¢ CiJn]panies Act 1985 (accounts of Sma]l and Medium-sized Compani¢5 and Minor
Amendments) Regulations 1997 ISI 119712201.
Ik Rewalu*tknn Res¢rve
Surpluses or deficits ￿l5}ng on the revaluaiion of Individual fixed assd fr¢¢hold land and properlie5 aTe crEdiied to
a non4istribuiable reserve knowD as ihe revaluation r¢s¢vw'e (see pa8e 81.
Revaluation drficits in excess of the aNMM]ni of prior rcvaluation suryTrlusts on the same aksei are charged io the
statemcnt of fimancial activities.
Al.
Pro￿1$10115
Provision5 are reco￿ls¢d when the clw.ity bas a present lesal or cou5tTuctive obligauon arising as a result of
pasl evenl. it is probable ihat an outflovl of eroDomi¢ benefits will be required to settle ihe obli¥ation and a reliable
estima* can be made. Ptovisions are measured at the presem value of the ex￿￿￿.￿JreS expecied io be required io
stttlt thc obligation using a Pre-tax rate that reflec15 Lurreoi market aSS￿menu% of the tin)e value of inoney and
the risks 5Ptcific to the obligaiion. The increase in the provision du¢ w Pa$￿t of iimt is recognised as interESt
ex￿ttse.
INVESTMENT INCOME
2024
2023
Inierest on Cash Dwiis
7.402
3.542
7.402
3.542
page 10

THE ROGER EDWARDS EDUCATIONAL TRUST
OTES TO THE ACCOUNTh {CONY.)
FOR THE YEAR E)DED 31 MARCH 2024
OTHER INCOMING RESOURCES
ZD24
21123
Rents
ATnazi)n don8tion
Compensation paymeni Irom Bank
28.189
20
Jl,041
50
28,209
31.097
PROFESSIONAL FEES
2024
2023
Legal f¢¢5 - le4se renewal
Independ¢Dt examinalion of the financial statcmems
1.260
91
1.30
2.660
2,200
GRANfs PAYABLE
21J24
2023
Totsl grnnts payable
45,195
30.603
Grdnts r(m5l5t vf awards to Usk Kitchen of £712. LTsk RUAI Life Museum of £2.(K)O. Usk RFC junior sectson
of £2,820, Usk Primary Sch￿1 of £4.260, L'sk Explorer Scouts £_,..1￿. Isi Raglan Scout Group £2.000. Usk Raby and
Toddler Group £500. Usk Crickei Club £1.5￿. and awards to twenty four individual applicants totalling £29.403.
TAXATION
The Charity is a registered chariry, and as such is entirled to cenain lax exemptions on Incon￿ and profits fro
investmcnts. and surpluses on 2ny trading aciivites carried on in ￿rth¢rance of the Charity's pnmary objeciives. if
these profits and surplus¢s arc applied solely for chan"tsble purposes.
The Charity is not registered for VAT and as a resuli all ex￿ndit￿re is incI￿￿1ve of VAT.
page 11

THE ROGER EDWARDS EDUCATIONAL TRUST
OTF.S TO THE ACCOLThTS (CONT.)
FOR TH£ YEAR ENDED 31 VIARCH 2024
PROPERTY. PLANT AND EQUIPMENT
Freehold
l.and &
Building$
Total
Ai l April 2023
1,128.1)00
1.128,(N)O
At 31 March 2024
1,128.(KlO
1.128.(M)O
Depreclgtlo
At J l March 20?4
Nei Book AJDounts
At 31 March 2024
£ 1,128.(M)O £ 1.128,(HMJ
At 31 March 2023
£ 1,128,IMJO £ 1.128.(MK)
Tangibl¢ fix¢d ￿5¢L$ consisi solely of freehold land and Ixiilding5 subject tsy ienancies. It is a y)licy io
depreciale these assets.
Last y¢ar the final tranche of land at Llan Fann was sold for £150.OtMJ gkving rise io a r¢alised gain agaiThst original
cost of £103,177.
page l?

THE ROGER EDWARDS EDLC.4TIOh'AL TRbST
NOTES TO THE ACCOLINTS (CONT.)
FOR THE Tr'EAR ENDED 31 I¥IARCH 2014
INVEsfMEIYTS HEI.D AS FIXED A￿SETs
COIF
f.h*ritv
F￿ndS
Total
Cost or valuation
At l Apnl 2023
AdditkC)11.S
Revaluation gaitLfllvss}
2.6￿2.327
8.279
338.974
2.682.327
8.279
338,974
Ai 31 March 2024
3.029.580
3.029.580
Amounts w'ritteD
At 31 MarLh 20£4
Net Book AMou￿ts
Ar 31 March 2024
£ 3.029.580 £ 3.029,$￿
Ai 31 March 2023
£ 2.682,327 £ 2.65¢2,-327
No unkts were sold Ihis year or la51 ycar_ An unr¢ali)¢d gain of L338,974 arose during ihe year {las1 year unrealised
105s of £53,599) duc Io LhAnges in th¢ market l.31ue of in%eSr￿￿nL￿. Th¢ overall gain Irealised and unrealisedl on
tlxed assei invesm)ents during ihi4 year wLs £338.974 as included in Ihe SOFA the alcounring polftcy (£53,599
overall lo&$1851 year).
DEBTORS
2024
2023
AmL)unts falling due within one ycar.
Other dLbtor5
9.03()
2.lJ03
£ 9.036
Amounts falling due after more ihan one year:
Anivunls uwed b) relaiLd LL¥mpanies n()1tr 121
95.(M)
95.()
L gS.IKJO
£ 95.0011
page 13

THE ROGER EDWA￿ EDUCATIONAL TRUST
WOTES TO THE AcCOL,￿s (CONT.)
FOR THE YEAR E.)DED 31 MARCH 2024
10. CREDrroRS: AMOUNTS FALLING DUE wrrHIY OYE YEAR
2024
2023
Sharc of income ¢kne lo MotUDouth5hire Farm School Endowmcnt TnLSi
Approved granis payable
Other credilors and accnjais
465
J.077
164215
18J. 131
£ 164,680
183, 18
11. RELATED PAirrY TRANSACTIOIYS
On 3 DeCe￿ts¢r 2015 £95.0￿(5￿ noie 9} was loaned by The Roger Edwards Educational Tnjsi ￿ the Roger
Edwards Field Limiied (a company Itmii¢d by guardDtee in which three of the five directors are also Trustees of
Th¢ Roger Edwards Educatiotydl TTr￿1) 10 assist the comEMDy tv purchaK the Spyns Field situated ill Maryport
Stre¢t. Usk for Lb¢ benefit of local Sporting clubs and in a¢¢ordance with the Cbarity's objects. The purchase of ihe
land was cornplried on 25 April 2016. In order 10 safeguard the a&sets of the Ch￿lty 3 condiiion of the loan was
Ihc cbtsblishmcnt of a chaTgc over the land by the Chariiy. The mor￿ge decd providcs DO fix¢d dat¢ for th¢
rcpayrnent of thcse rnonics which only become repayable io The Roger Edwwds Ethkcatiot￿I Tn￿1 in the event
The Roger Edwards Field Limited defaults on the iernis of the tnorlgage.
No remwJerJtion was or payable either direclly or indirectty oui of th¢ funds of the Charity to any T￿￿terS
during the year.
page 14