THF. ROC.F.R EDWARDS EDUCATIONAL TRUST TATEMEIN'T FOR THE YEAR E.%DED 31 MARCH 2025 THE ROGER EDW.4RDS F.DLIC.4TIOYAL TRUST CIIARITI, IIYFORM.4TION FOR THE YEAR ENDED 31 ,IIARCII 2025 TRUSTKES chrI￿t0pher C.owburn Ricbard Morse JonJthaD Siephens JamLS O¥bornc eoffrey Hughes Gardh Edwards Laihryn BrookEr Trace) Huxley Elain¢ L¢wi8 SWCRETARY Jonathan Swhen$ REGISTERED OFFICE Ruger Edwards Flouse 18 M8ryPQrt Str¢et Llsk Munmuuth8lurL' NP15 IAE. REGISTERED CIL￿Ty NUMBER S25638 BANKER% BarLlays Ilank Leiiester LE87 2BB INDEPENDEliT EXAMtNER DaykinsAccountancy L Chartered A¢¢ounlan Redwood Suite Oak House LlaTi¢ayo Luyrt U8k Monmouthshire NP15 IHY agel THE ROGF.R F:DII'.411DS EDI-,C.4TIONAI. TRU.ST CIL4RITr IryFORhl.ITI()ry FOR THE YE.4R E,IDED 31 M.AKCH 2U25 COPyTF.P4TS Page5 Trn¥iee5' Rewi IndL'PL￿￿¢nt Exarninevs RLVOrt s￿￿'11)LI)L ofFiDalliiul ALIiVLtiL¥ (hhcr ('(TrmprLhcnbll'L InLOII tuneni of Changes in Equity 9-14 nlc% th¢ Finan¢i5Jl Sial¢m¢uis paBe 2 THE ROGER EDIIARDS F.DL,CATIOTr AL TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 ,MARCH 2025 The TTUSt¢¢s pr¢seni thciT annual rcport alld thL iTrdLIKlld¢rLily examined r]nancial siaiemen(s for the year ended 31 MarLh 20)5 ufThe Rvger Edwants Ethjcalional Trusl (Ihe ChaTiry'I. The Inforrr￿t10￿ with re¥p￿t Iv TruslL*S. Vtrjcm advi￿ set Oui in the Chariry Incormaiion forn￿ part of this ThL fndnLial stlrtem￿ts have I￿¢￿ prepared in accordance with the a¢¢ounting poli¢ies Set oui ill not¢ I to the accounts and comply with the ChLTity's detd. Ihe Charities Act ?01 l and Accowiting and Reportiiig bv Chan"ties'. Statement of Recommended PracriL¥ applicable to chatitics prcparing t￿1r 3CLo￿nI4 in aLcordanct with the Financial Rcporting Stsndard atvlicable in the UK and Rtpublic of ITeland (FRS 102) published 16 July 2014. Sta￿8 gdmiDlStrAtion ThL ChRTity governed by a schetne daied l AprAI 2010. Obje£Siv The primary objeciive of the Cbariry, as siakd in 8overnin8 dLKUll)ents. is kn advance educhiion for the pubh'c benefit by.. l. A pay7nent of two thirds ol.thc incoTr* ol'thc endowmcni ￿ ihe M(￿m￿u￿shlre Fam) 8L'hool Etsdowmeni Trusl {rtui4tercd Lhurily numk.r 525(AYI. 2. Providing and assisljll8 in the provision of faciliiies. Thoi requir¢d to be provided by the local edu¢atio authonty for ¢ducJtion. at thc Usk Chuich IR W4Llv Prirnary School. 3. For the publiL ￿T¢fit li) PiOTTK)¢L. thL L￿Uld1]un (inLlvdin¥ ￿)cid1 phyyiLal tyaining) of rthiplc resident in the ttre￿ of bLnefit in 4uch ways as the Chariiy Trusiee4 think fil including by.. al awarding w such petsons scliolarships. th￿1￿1¢￿an¢t oIIow4D¢¢s or grants *nable at any university. ¢olleg¢ or insiituiion of high¢r or fvrthtr educaiion: bl providing their LduiALion linLlknding thc *iudy ofmuiiL or oth¢r an.¥1. lo widcrtakL ￿¥¢1 ID furthL'rdncc ofihat ¢ducation or lu pr￿ar¢ for ¢nty Io ony o¢¢upaiion. ￿de or prof¢ssion on l¢&i'ing any ¢du¢aiional ¢stsbli$hm¢ni,' I providin& and assisiin8 in th¢ provision of faciliii¢$ for ¢du¢aiion ai any chantsble educational csi8bli5hmenl in tbe area ocbenefit. Revlew ibf a¢(Ivlil¢% Th¢ sratement of financial ￿tIVItieS for the year is set oui on pu8e 6 of the financial 5ta¢ements. A summary of the rman¢ial r¢sults and th¢ work of the charity ¥¢t bolow.. The fund has decreased in value by £150,124 this year. 1£294,01 l increase in value in 20231241. Inc()ming rc8ourecs cun¥i.xlcd of a dondlioft of £50 from Ilxk b3A (119 tsom Amazvn in 2023i24}. inlcrcst cush held i)f £4.349 {£7.402 ID 2Q23Q41, and renthl iocvme of£25.770 {£28.189 in 2023124). Resour¢¢8 expended consisted of managemem ind admirkistrntiv¢ co#s Of £1.871 {£1.006 in 20231241, prop¢rty eXpC￿l¢S of £23,9211 I£31.2411 in 2{123124), Ic¥al and profcs5ional fees vf£i.Huo (£1 760 in 207.1124) relalin& tiTr lease dilypidaiioos and renl reviews, independeni examiTr8tion ftt of £1,800 (£1.40U in 2013,'241 gF#nt% ofLYU.4811 1£45.195 in 20231241 in lin¢ with the Chariws obj¢cuN'¢s. Uor¢alis¢4 loss¢s of £69,901 (£338.974 uwea1l￿d 8ains in 2023124) ar￿c on changes in fixed inve8tmenl value& I*vestm¢nt poiv¢rS1 pollcy p￿I￿rmIN¢t Lnder ibe ternis of the Trust Deed, the Trustees have genefal powers of illvestrnent. subject to tbe prowsions of thc Trus¢e¢ Ad 21MMI. Th¥ Tru¥i¥¥i ￿vILW th¥ ch￿Ily'S Invl￿1YnCnt stral¢gy ¢i¢ry quart¢r and moniu are %traÈc¥ically placed In managed inve51ments iniended to yield a reliable return atsd, over the I￿8 term. lo rnainizin or w•w Lapital values iu real tern]s. THE ROGER EDWAR￿$ EDL,CATIO,YAL TRLST TRLSTF.F..S' REPORT FOR THE YEAR ENDTr.D 31 MARCH 2025 GraDt maklmg pdicy (Iraiits are madL in pursuance of ¢he CharL￿S objectives a6 detsilcd almli'e. AU gran￿ awarded during th¢ Jnaneial yEar iyere made in line with th¢ curr¢nt criieri& Ch*ngu fixtd ￿le1% The tllovemeIirs in fixed assas durin¥ ihe ycar 8rf Out in note 7 to the finBnci?I statan¢Ftls.. The fTeEhold lund and butldings were la&t reValUL￿ in March 2016 on the b8sis of OF¢D matkth value by ￿¢ of thL TTuslees, Mt C Cowburll MRICS. who is a qualifi¢d Chart¢r¢d Survcyoi TncmlKr8hip ofthe valuauon division of The Roy In8t1D￿]on of Chartered Surveyors. As a Tliiv Is, over the long lerm. to rnaint8ill or grow futtds in real tem)s and io Utili￿ annual iDLuTrme ￿CeIved io fuÈJd charitable expeDdiwrc. The gov¢rning docwnents also allow the Tn￿lee5 discretsott iu usc the Cba(itls expendable cthWt￿nt for ¢h4ritthle objccL4. Th< Charity is tequittd to make an annual payment LITr ¢hL Mnnmouthshire F41mi School Endowinent Trust Fund IChAriry no. 5256491 ¢quivalLYLI tt) two tbirds of the annual invesllnent and Tentsl IT￿1￿ aftrr deduclinbw Tuimin exrKns¢s inCur￿d. Trustetj, r¢sponsibllitl¢i l# rtl*ilon to the fiD*•eial st*¢eme*ts The TTUSte¢s ar¢ responsible for prLiwiftg a Irusiees. annual rem and fittancial srai¢ments in accordance with applicuble law dnd Unilcd KingdomA¢counliNg Sialldards (United Kingdom (ienerally Acccptcd Ac¢ounling Praclieel. The14Lw appliLable ¢0 ch8rits'¢s in England and Wales r¢quir¢s the charity (rus￿$ ￿ PTHW¢ fJn4Lncial ￿[al￿MeNts fL)T ea¥h y¢ar which 8iwe a ffiie and fair wew of the sute of affdir% of ihc ¢h4rily and DfihL incoming res0￿ree& and appli¥a¢ion of resources. ofihc iharity. for ih•l p¢r]￿. In prcparin8 the fitwjcial S￿r￿llen(S. the Tnjstees arc r¢quir¢d io.. I I ILILXI %uilabl¢ ac¢ounting policies and ihen apply them wn8i8tcntly-. 21 make judg¢meTrLs and d¢counlingv ¢.%tirnutC5 Ihai Are ￿￿onable and Pmudent. -11 nb8¥YV¢ ihe mcihods and PTinLiplLS iti the apylicable Charities SORP- 4) stale whether applicable UK Accoununu Standards hayc ￿Ln fullowrd. subj¥ct lo any material departiJr¢s disc105ed and explained in thL finanLi¥I sl8i¢ttiertts: S) prLpar¥ Lbe finJmLial ststen*nts on the 8oin8 Concern b¥sis ufvless It 15 inappropTiatc lo ptL%UmL ihttt the company will ¢onlinue in operational ¢xist¢ncc. St¥tem¢nt of dljrlusure to lttdeptndtDt Ex*mlmer Th¢ Tnjstees who held office on thc dale of approval oftbis attnual report ¢onf]rni that: al￿) 18r as they art aware, Ih¢re is no rel¢v4ts1 inf0m￿tion linfonnation need¢d by the Chxrity'l indwdent examiners iti cOt￿¢¢I10n with preparing theiT Tepml oCwhiLh tht Charity's iruicpendent exatDiner5 are unaware,. aDd bl th¥v ￿k¢n all the sieps that they ou8hi to have thken as Tn￿[¢¢5 in ord¢r lo rnakc th¢rrL%clve% awarL vf any relevant infom)auon and to esthlish thai the i￿[￿ndL￿( examiticrs are of that ithformaiion. This report was apptoved by th¢ T￿￿ge% on "xBned on their bebaifby.. Signed Rich&rd Morse Signed ChrEs¢oph¢r Cowburn page 4 EPE) DEST EK4.%II.%ER'S REPORT TO THE TRI':STEES OF THE ROGER EI)W'ARDS F.DUCATIONAL TRUST FOR THE TrF,AR F.NDED 31 MARLH 2025 I repon lo the TThste¢i Ort my examinats"M of ihe finantial of The Roger Edwards Educational Trnst for the year ¢nd¢d 31 March 2024. which arc sd oul on Pdges 6 to 14. Re$pe¢tlv¢ r¢sponsllJilitles of tr¥Jtees •Ad ladepeJthAt Èx*mlh￿r a￿dIt dispensation As the Charity TNstees of thc Trn%t you arc responsible for the prepdrdlioD of ihe fMwibLal stat¢m¢nts in accordance wilh th£ ￿qUir￿￿e￿[S of the Ctrwiiies Aci 2(K)I Ilhe Att,). The Clwhty's Tn]5trcs c(msi(ler ihai an duth't i& not requiTed this year undcr seition 144121 of thc Chariiics Act 2011 {thc 2Qll Aei) and an independent examination is roauired onEy. I r¥port in respect of my ¢xaTDiJJation of the TT￿￿1,5 financial 5talcTy*nL% LarfiLxI uul under section 145 of the 201 I Act aiid in carying oul Fny c%amill4itivn I ha¥c followr and vn behalf of Daykins Ac¢ounthncy Ltd, Redwo(NA Suite ()ak HI)￿¥￿ LI8￿4Y0 Loiwi Usk Monrnouth&hire NP15 IHY THE ROGER EDII'.4RDS EDUCATIOliAL TRUST STATENIENT OF FIJ'AJC.IALACHIryTI FOR THE YE.4R ENDED 311¥IARCH 202S ole 21125 21J24 INcoMif4G RESOURCFS Investtnent Irtcome Other incoming¥ ny)ur¢c.¥ 4J49 25.82 7.402 TOTAL INCOMINC. RESOURCES 30,169 35.+$11 EXP£NDITiIRE Property exrrtTasL Management and admi'Di5¢rnlioD Prof¢ssiollol fees Cirdnl.4 pay#blL P&yablc to.Monthouthshire Farm School Endowment Tn 23.928 1.871 3.6110 80,48fl 513 31.248 1,006 2.060 45.195 46.1 TOTAL EXPENDII'URE 110.492 80.574 NET (E¥PF.NDITIIRF.y INCC)ME AID Nl"r MOVkMkty'r IN FUNDS BF.FORE (:AINS AYD LO%SLS OF4 lNF'F.%TM￿.￿TS AND FtXED ASSETS (80,223) (44.903) Nel Gains l(Losse8) on investmenl awts (6Y,901) 338.974 YF.T MOVE.MEliT 111 FUNDS 1150,124) 294,1Jll NET FUNDS FOR THE FINANCIAL YEAR 11150,124) 294,flll The page5 9-14 form pzrt of these fil￿nCIal staternents ge6 THE ROC.ER EDNVARDS EDL'CATlOt*AL TRUST Registered (Tharity NumbL'r.' 5)q6314 F FIIANCJ.4I. POSITION AT 31 MARCH 2025 Note 2•2> 2024 FIXF.D.48.SF,TS PropETry. plant and e4uipmeni Investm£nts held as fixed &8%L15 1,128.00 2.968371 J.J28.OUO 3.0?£J.580 4.1196571 4.157,580 CLRRF.NT ASSETS Debtors Cash at hank and in hand 96,579 84579 104.U36 141),21J.I 181.1511 191.822 254.239 164.680 CRF.DITORS: Amount5 f￿111￿% du¢ wlihin yt*r 10 NET CLRREIIT (LiABILiTIF.S)IA&SF.TS {10.6641 69,559 NET A￿￿E￿) £ 4,085,907 £ 4.227.IJY 14Tr.%I'RIC.'I'F.D RE.SERVES R¢valuatson re&erve F.nd()wmLmt Trun(L¥ (SLL pag¢ 8) {5ee page 81 JJ6.(100 4. Ill, 139 3.969.907 IDTAL FUPYDS £ I.0￿￿,9(1? 1. 4,7?7.139 Richard Morse, Trnstee Thc nolL'¥ 4)n pagLS 9-14 forni part i)f ihtre finanLial ¥tsi¥mLmt page 7 THE ROGER EDW'ARDS EDUCATIONAL TRUST STATEMENry OF CHANGES IN E L'ITY FOR THE I￿.￿R EN'DED 31 MARCH 2025 Totxl equlty rMI Ar 11 ￿•TCh 2023 •nd l April 2023 Pn)fii the year cotF.4wJmul#son rEiffV¢St 116.r .i.80X.X49 294,011 ¥279 3,924.84 294.clll 8.279 Al Jl Mi atcb 2024 l Awl 2Tr24 Lous for the ye 116.tyJ) IIY],124) 8.892 8,892 Ai 11 2025 I1￿(M￿)I 4￿5.(￿￿ The nOl¢s OD pag¢$ 9.14 fomi port of thes¢ fittsn¢iai statements pBge 8 THE ROGER EDII'"4RDS EDLTCATION.4L TRUST NOTES TO THE.4CCOLThTS FOR THF. YF.AR F.%I)ED 31 MARCII 2025 SIGNIFICANT ACCOiJNTLNG POI.ICIF.S la. Statement of complian¢e The Roger Edwards Educational T￿￿t IS an un1￿CoV￿￿t￿l cljarify govcrncd by J s¢heme dai¢d l April 2010. R¢¥i%tertd offic¢: Roger Edwards House 18 Maryport StrLYI Usk MunnM)Uthshire I¥I.S IAF.. Ib Basis of *Trd ffibin% c(•neenh These f￿￿￿claI stalerncnt5 havc heen prLpfLd un&T ihe historiul cosl convention, as modified by the in¢lusion of lnvLStML￿l4 4End tangible fixcd a&8ets ai niarkei Val￿e. The financial Sta￿￿￿7￿ have been pr¢pared in &LeiirdancL with ihe Siatement of Recoiwnended Pra¢ti¢e'. Accountin¥ and Rcpvrting by ChatiliLS prcparing thLir accounts in accordance with the Financial RLWtTnuT S¢anddrd appliLdbl¢ in the LK and Kepubli¢ of Ireland IbRS 102) is&u¢d Iin 16 July 2014 aTJd th¥ Trin4incial XLy)rting Stsndard applicable to ihe UDlted Kthgdom and Republic ol. Ir¥l¢tnd (FRS 102} and the Clwi'ties A¢1 2011. TTU%t¢e& ci)Mid¢r ihal th¢r¢ ar¢ no mal¢rial urK¢Mainlies the Trn6V$ abiltry to coniinue as a going ¢onc¢m. 1¢. Incoffllng Tewurces All InconK rcceivcd is accuunlcd foT f¢LeiN¥blt ba%i% arml lttn c11￿]fIL￿ undLY thL appropria all￿￿)￿e%. InLOrnL frum uperatin¥ ILastr• re¢(yiiscd ￿ a Xtraigbi line basis over the temi of the lease. Where variable busis of payment has been agreed with ihe lessec, any dIffcr¢￿C bcN¢en r¢ntal8 paid arid in¢omc reco8nised on a straighi linc b&4iS is ¢ithcr ¢arn¢d forward Js d¢tCTr¢d incvmL 11 Lrcdjior. Jccrned income as a d¢bLor. and Credited drbilrd againbt incLimL' Ln subsequent accL)uoiing periods. Id. Grants payib Grun15 payxble ar¢ &¢¢ounied for in full as liabiliti£S of ihe Chariry WI￿ approved by the Tntstc&4 and #ceepted by the beneficiaries. le. a¢¢ountlng ThL C.hurily'% funds (aftcr meeting the propcf c05t5 of a4tinirrisrerin8 the chariry And managing its ￿seL￿) are available for ihe general purposes of ihe Chariry. lo be used ￿ accwdance ￿7th the ¢harilable objects. at th¢ discreiioo of the TTu¥lee¥. If. T*ll%lble fixed wets #nd deprtdltlon ThL frtthold land and bliildings wert lasl reyalued in March 2016 on the basi5 of open maTkel value by on¢ of the TThsiee¥. Mr C Cowburn MRJCS. who is a qualified Chartrfed Surveyor with meTnbcrsh¥p of the valuation divi%io of th¢ Royal Institution of Chartered SuryeyoTS. lThe4e ￿ets forni part of the en&)wed fun¢L8 and are held &$ invL.StmL'nts. ltt ihe opinion of the Ttusttts there h&$ no maTerial iiryaimwni of value since the dat¢ of Yaluauon. No depreciation has been charged in th¢s¢ *¢4)W￿ on ibe fr¢thold land al￿ buildings which are included im the acCourt￿ at valuatiotL P3ge 9 THE ROGER EDW'ARDS EDUC.4TtOlAL TRUST NOTF,S TO THL ACCoU￿T.￿ FOR THE I'EAR EIDTr,D 31 11.4RC"H 2025 SIGNIFICANT ACCOUYnNG POIJCIFS ICONT.) lg. FiAed As#et Investments InvestmcrtLS inLludcd at market value at the balance 5he¢t dale. Ally rdis¢d aNI wjrealwd Bail￿ and 1055es on revaluation or disp)sals are combiD¢d in the 5tat¢Tnent oifinancial acli17lie5. Ih. Short term debiors and ¢r¢dtto DtybLor￿ and crediior5 receivable or payable withi.n one year are re&xded at tra￿a¢ll0￿ price. Any losses arising from Arnpairn)ent are recogllised in the Siateme￿ of Financial Aat*itic& 11. Cash attd cash equlvgknls L&bh and cash equivalents comprise casb ar bank and on hand. demand dewsits with banks and othv short-tetm highly liquid inv¢stmcnts wiLh OTiginal matUTiii¢S ofthTe¢ moiith% or Ics%. IJ. C*5h flow s¢attmeTrt The Chan'ty is exempi from publishing a ¢Lsh flow mtement as it qualifies for exemption as a small charitable ¢ompatJy under Finai)cial RerA)r(ing Siandard I par8raph 51fj on ihc b&sis thai it mccE¥ ihe relevant conditiony and S17c Lriicfid s[￿111cd in th¢ L(wnpani¢s Acl 1985 Ixcounts of Small And Medium-Siz¢d Compgnies aDO Minor Am¢ndm¢ni¥l R¢gulations 1997 ISI 1197,.'220). Ik. RevAluAtlott Res¢rv¢ surp1￿￿e¥ nr dLfiLi14 4risitig on thc revalu81ion ofirtth"vidual fixed &sxet freehold18nd and proper￿e5 &re ¢rediicd to a nun4ti%iribui8bli reserve kno￿￿ as Ihe revaluauon reserye (see pa8e 81. RLVtLluaiiort defiLiiS in exctss ofdir amoutsi ofprior maluaiioll swpluses on the same assei aye charged to the &l&iemeni of financial activities. Prothlolli Provisions are reCognis￿ when the Chanty has a preseni lega] or construcu¥e obligation arisin8 as a re5uIi of a pa$1 tv¢ni, 11 is probable ihat an outtlow of e¢onomic benefits will be rtquired to settle tbe obligation and a reliable estimate can be made. Provisions are mca%iJred ai the Pfcseni valu¢ ol'th¢ cxpendiiurL% ¢XPCLled to b¢ r¢quircd ts) 4cttl¢ thL tTrbligalic)n ￿￿ing a p￿-tsx r8tL' that rcflcL(s current m8rkLt 8sses%mLlJts of fhL timL valuc of mone), and Llkc T15ks Specific to the obkn8aLion. The iticrease iti the prol'ision due io passase of tin)e is reco8nised as inter¢st expense. INVESTVIENT INCOME 2025 2024 Inierest on Cosh Dep(6iis 4.-149 7,402 4.349 7,492 g¢JO THE ROGER EDW"ARDS EDUC.4TIO.Y.4L TRUST NOTES TO THE ACCOU*TS FOR THF. Tr"F.AR F.NDFD 31 M.4RCH 2025 OTHERINCOIIING RF.SOLRCFS 2025 2024 Rents Amazon donation Usk U3A donation 25,77 28.189 2() 50 25.820 PROFESSIONAL FELS 21125 2024 L¢g¥l f￿¥￿- l¢¥s¢ renewAi IDdtpendenÈ ￿nIlnatiOn of the f￿ancial 51aiernents 1,800 1.800 J.260 1,41KI 3,600 2,OtfO GK4MS PAYABLE 2025 2021 T(Ital payable 80,480 45,195 (ir¥niY Lollsi>ii L)f thwards tu Usk Kit¢h¢n of £512. L'sk in Lil¢)om £2,8iKI, Usk RFC Junior S¢¢tiou £2,000, Utsk Primary School £9.755, Usk Cri¢k¢r Club £1.8(K). Monkswood Crickei (."lub £5.￿0. Usk Rainbows £140. Ilsk ('.ivi¢ So¢i¢ty £1.040. U$k Hub Lc80 c.lub £41M). Ubk tlaby & 'fo￿leT (wniup 151)0. (l%k Priory LhurLh Iliswry Group £gINJ. Usk Wann ?ipacL PriijeLI £987, Usk Trnik Gruup £20.(KKI and 4w#rd&" lo iw¢nry four individual appli¢anis totalling £34,046 TAXATION The Charity 15 a regi¥lLred chdrily. And ￿ yuch is cntiilryj cLrlMin tax ¢x¢mpliun5 (Trn inLUtnc PT(Trlil¥ frvm inv¢$LrnLnL%'. und %urpluse% on any Iradirt8 aciiviies camLd in furtherance ofihe Lhanly'S rrfimary vbjL*tive& If thcsc profils and suryIu5es arc 11 pplied wlely for charitsble p￿￿oseS. Thc (Thariry 15 not r¢¥i.4t¢Tcd for VAT aT￿ a r¢wli all cxpcndiiure is incl￿￿]Ve of VAT. g¢ll THE ROC.ER EDI4'.4RDS EDLC.4TIO.NAL TRLST .NOI"ES TO THE ACC"OLTh. TS FOR THb" I'F..IR F.NI)F.T) 31 M,IRC.H 21125 PRUPERTI., PLANf.4ND EQLTPMLNT Freehold ljand & Blllldlngs Total VAluatloD At l April ?024 1.1211.(M)O 1.128.000 Ai 31 March ?02S 1,1 ?¥.(KK) 1.12S,00 Deprecladott Al 31 March 2025 l%el Ik>ok AinouDts Ai 31 MarLh 2025 £ 1,128,(NJO £ 1,128,000 Ai 3 1 Marlh 2024 £ 1.12X.Th)0 £ 1,12x,(IiIII TdnuiblL, fixLd i1)n¥i.¥i %i)lely i)f fr¢eh(yld ]and and buildings subje£1 len¥nciL%. li is d wliLy nul to dLiJfLCLA* thL%C assets. page l? THE ROGER EDII'.4RDS EDLCATIONAI. TRUST IOTES TO THE ACCOLThTS FOR THE YF.AR ETriDED 31 NIARCH 2025 IYVESTMENYS HF,I.D AS FIXF.D ￿￿$￿T.8 co Ch4rlty Totsl C05t or Y4luatlo At l April 2024 AdditinTLS Revaiuatioft (loss) 3.029,580 8,¥Y2 (69.9011 3,029,580 s.￿92 (69,901) At.1 l March 2025 2.968.571 2.9611,571 Amounts Written off Ai 31 MarctrL 2025 Ntt Book AmouThtJ At 31 March 2025 £ 2.968,571 £ 2,968,571 Ai 31 March 2024 £ 3.029.580 £ .1,029,580 No uniLS were sold this year or last year. An unrealised1055 of £69.WJl ar05¢ duTing thc y¢ar (la￿1 yL'8T ullr¥ali%c £3J8,9741 due lo change8 in the markcl valu¢ of inv¢stML￿L￿. Th¢ oyuall Inss (r¢aliscd and unruli￿) (Fn fixed a&set inY¢stmcn¢s durin¥ thib year WJS 169.¢M)l ax incllldcd itt the SOFA per the Accounting policy (£338.974 ov¢rall ¥ain l&%t ycarl. DEBTORS 2025 2Q24 Amounts f8115n￿ due within one y¢4r'. l)IhLr (kbiors 9,030 £ 1,579 9.030 Amounls falling Ilue after more than one year. AmDullt5 owed by rclatcd companiLs (.%ee noie 11) 93.(N)O 95,01 £ 95.IM)O £ 95.QlJlJ pa&*L 13 THE ROGER EDI4'ARDS EDUCATIONJ AL TRIIST NOTF.S TC) THE ACCOLJTS CONT. FOR THE I'EAR F.NDF.D 31 MARCH 2025 10. CREDITOKS: AMOU.YTS'FALLLNG DUF. WITHIW OliF. YEAR 2025 2024 Shal't of inc4Jm¢ the to MonmoutLshire Farni Schcrf>l EndiTrwmcni TnL%I Approved gran￿ payable Other LY¢diti)r% and acLTh&15 5R3 20.700 170.609 405 J64. )JS £ 191,822 11. RF,I.ATF.D PARTY TK4N.SACTIONI S On 3 DecemiKY 2015 £95.(KK) (se¢ nol¢ 9) w8s l(wed by Tbe Roger E4twards Educational TTU8t to the Ro¥¢r Edwards Fi¢ld Limit¢d la ¢onipany limited by guarantee in which ihr¢c of IhL' five direc(ors are also Trusiees of T]J¢ Rog¢r F.dwar4ts FAlucalional T￿%1) io asyisl thc cvmpJny to purchase the Spjrts Field siiualed in Maryport Street. Usk for ihe i￿nefIt of ICKdl.¥￿￿rtkn￿ clubs and in accurddtiLe with the Charirfs object5. Tr pu￿h￿s¢ of ihe land was wmpl¢i¢d on 25 April 2016. lil order to safe8uard ihe wets of ihe c.harity a Loiiditbon of th¥ WAS lh¢ esthblishment of a eharge over the land by the C.hariry. The mongagc dccd pr()i'idcs nu fix¢d date for Lh¢ r¢paymettt of these monies which only b¢coTDC r¢p8yable lu Thc R¢i¥¢r FJlw&rds Educ*tiott&l Ttust in the eveni The Roger F.dwardg Field LimiLed defaults on the ternls ofthe mon8a8e. N(? rernunLYaLi(?n was paid or ￿Yable either directly or indirectly ou¢ of th¢ fvnd5 of th¢ Chgrity to any TnL$IcLS during the year. pog¢ 14