Ufton Court Annual Report SPREADS - Page 48



THE UFTON COURT EDUCATIONAL TRUST
(A company limited by guarantee)
THE UFTON COURT EDUCATIONAL TRUST
(A company limited by guarantee)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2019
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2019
14b) ANALYSIS OF NET ASSETS – TRUST
15. PENSION COSTS
2019
Fund balances at 31 August 2019 are represented by:-
Tangible fixed assets
Unrestricted
funds
Restricted
funds
Total
Funds
£
£
£
1,103,397
-
1,103,397
1
-
1
828,371
525,974
1,354,345
1,931,769
525,974
2,457,743
Investments
Net current assets
The Trust operates a defined contribution pension scheme. The assets of the scheme are held
separately from those of the Trust in a separately administered fund. The pension cost represents
contributions payable by the Trust to the fund for the year and amounted to £85,265 (2018:
£76,351). There were no amounts owing at the balance sheet date.
14c). ANALYSIS OF NET ASSETS – GROUP
Net current assets
Unrestricted
funds
Restricted
funds
Total
funds
£
£
£
1,151,820
-
1,151,820
641,702
329,879
971,581
1,793,522
329,879
2,123,401
Net current assets
48
Edward Crookes was a Trustee, in the year, of Ufton Court Educational Trust, and is also Estates
Director and Company Secretary for Englefield Estate Trust Corporation Limited.
Mary Riall is chairman of the Trustees, and is the sister of Richard Benyon, who is Director and
Chairman of Englefield Estate Trust Corporation Limited.
The subsidiary, Ufton Court Limited, provides event hire services at The Ufton Court Education
Trusts’ grounds and buildings. The subsidiary donates its annual taxable profits to the Trust under
Gift Aid. The gift aid donation this year was £309,696 (2018: £295,737). At the year end the balance
outstanding was a creditor of £210,706 (2018: £277,810) owed to the subsidiary.
2018
Fund balances at 31 August 2018 are represented by:-
Investments
The Englefield Charitable Trust have supported the charity with donations of £105,000 (2018:
£100,000) during the year.
Charlie Clare is a Trustee of Aspire2, a charity working to support Whitley families and also a Trustee
of Ufton Court Educational Trust. Fiona Craig is also a Trustee of Aspire 2.
14d) ANALYSIS OF NET ASSETS – TRUST
Tangible fixed assets
Ufton Court Educational Trust is a tenant of Englefield Estates who own the land and buildings used
by the charity. During the year to 31 August 2019 rental charges from the landlord amounted to
£6,413 (2018: £5,690). A balance of £nil was outstanding at the year end (2018: £nil).
Nick Burrows is the charity partner at Blandy and Blandy LLP and a Trustee of Ufton Court Educational
Trust. Blandy and Blandy LLP performed work for the Trust during the year with a value of £3,750
(2018: £270). At 31 August 2019 there were no amounts owing to Blandy and Blandy LLP (2018: £Nil).
2018
Fund balances at 31 August 2018 are represented by:-
Tangible fixed assets
16. RELATED PARTY TRANSACTIONS
Unrestricted
funds
Restricted
funds
Total
Funds
£
£
£
17. OPERATING LEASE COMMITMENTS
At 31 August the trust had future minimum lease payments under non-cancellable operating leases
as set out below:
1,146,271
-
1,146,271
1
-
1
641,699
329,879
971,578
GROUP AND TRUST
1,787,971
329,879
2,117,850
Due within one year
2019
Land and buildings
2018
Land and buildings
£
£
6,413
5,000
Due between two and five years
25,652
20,000
Due after more than five years
32,065
30,000
64,130
55,000
49

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