2022-03-31-accounts

Reference and Administrative	Reference and Administrative	Details
Trustees' Report			2to 8
Independent Auditors'	Report		9to13
Statement of Financial	Activities		14to 15
Balance Sheet			16
Notes to the Financial	Statements		17to 27

Trustees				P Beacham
				A H Dick (resigned 31 December 2021)
				SESFenwick
				CWreford -	Brown
Trust Registration			Number	1007957
Principal	Office			Shilstone
				Modbury
				Ivybridge
				Devon
				PL21 OTW
Auditor				PKF Francis	Clark LLP
				Chartered Accountants
				North Quay	House
				Sutton Harbour
				PLYMOUTH
				Devon
				PL4 ORA
Investment		managers		Charles Stanley 8 Co Limited
				1st Floor
				11Whimple	Street
				Plymouth
				Devon
				PL1 2DH
Bankers				Lloyds TSB	Bank pic
				234 High Street
				Exeter
				Devon
				EX43NL
Solicitors				Tozers LLP
				Broadwalk House
				Southemhay	West
				Exeter
				Devon
				EX1 1UA

(Including Income Recognised Gains	and Expenditure and Losses)	Account and S	tatement of	Total
			Unrestricted	Total
			funds	2022
		Note	6	6
Income and Endowments	from:
Property rental income			114,857	114,857
Grazing income			29,806	29,806
Devon Rural Archive income			3,411	3,411
Investment income			23,973	23,973
Small business grants			16,000	16,000
Total income			188,047	188,047
Expenditure on:
Rental property costs		2	(53,534)	(53,534)
Investment management Charitable activities	costs	8	(g,503) ~85,451	(9,503) ~185,451
Total expenditure			(148,488)	(148,488)
Realised gains on investments			8,632	8,632
Unrealised gains on investments			18,591	18,591
Net income			66,782	66,T82
Net movement in funds			66,782	66,T82
Reconciliation offunds
Total funds brought forward			4503 984	4 503984
Total funds cerned forward		13	4,570,766	4,570,766

(Including Income Recognised Gains	and Expenditure and Losses)	Account and	Statement of	Total
			Unrestricted	Total
		Note	fundsf	2021f
Income and Endowments	from:
P~operty rental income			135,200	135,200
Grazing income			26,174	26,174
Investment income			23,805	23,805
Small business grants			41,500	41,500
Total income			226,679	226,679
Expenditure on:
Rental property costs		2	(92,529)	(92,529)
Investment management Charitable activities	costs	3	(11,863) ~i33,922	(11,863) (83,922)
Total expenditure			(188,314)	(188,314)
Realised gains on investments			38,340	38,340
Unrealised gains on investments			237,156	237,156
Net income			313,861	313,861
Net movement in funds			313,861	313,861
Reconciliation offunds
Total funds brought forward			4,190,123	4,190,123
Total funds carried forward		13	4,503,984	4,503,984

Balance 31 March	Sheet 2022
				2022	2021
			Note	6
Fixed assets
Tangible assets			8	4,117	5,121
Heritage assets			9	532,457	532,457
investments			10	3,854,818	3,894,725
				4,391,392	4,432,303
Current assets
Debtors				12,539	25,909
Cash at bank	and in hand			216,153	86,710
				228,692	112,619
Creditors: Amounts		falling due within one year	12	~49,318	~49,938)
Net current assets				179,374	71,681
Net assets				4,570,766	4,503,984
Funds ofthe trust:
Unrestricted	income funds
Unrestricted	funds			4,570,766	4,503,984
Total funds			13	4,570,766	4,503,984

				Unrestricted
				General	Total	Total
				Fund	2022	2021
			Note	8
	Rental repair	costs		31,376	31,376	70,884
	Insurance and utilities			16,023	16,023	11,317
	Professional fees			5,779	5,779	9,968
	Office costs			356	358	360
				53,534	53,534	92,529
3	Expenditure	on charitable	activities
			Activity
			undertaken	Activity	Total	Total
			directly	support costs	2022	2021
				8	6	6
Charitable donations			3,500		3,500	500
Devon Rural Archive
operating costs Governance			19,003		19,003	17,596
Rental costs of		archive
premsies and related services			41,452		41,452	42,723
Support costs				13,693	13,693	18,603
	costs			7,803	7,803	4,500
			63,955	21,496	85,451	&3,922

				Other
				support	Total	Total
		Basis of	sos'ts	costs	2022	2021
		allocation	6		6
Office expenses		100%		4,572	4,572	12,471
Accountancy		100%		5,178	5,178	3,385
Bank charges		100%		549	549	467
Advertising	and events	100%		1,325	1,325	550
Sundries		100%		680	680
Depreciation		100%		1,389	1,389	1,730
Amounts	paid to auditors	100%	4,700		4,700	2,600
Legal and	professional fees100%		3,000		3,000	1,900
Trustees expenses		100%	103		103
			7,803	13,693	21,496	23,103

Governance	co	sts
			Unrestricted
			general	Total	Total
			funds	2022	2021
				6
Amounts paid	to	Auditors
Audit ofthe	financial statements		2,700	2,700	2,600
Other fees paid		to auditors	2,000	2,000	1,900
Legal fees			3,000	3,000
Other governance		costs	103	103
			7,803	7,803	4,500
5 Net incoming		resources
Net incoming	resources forthe year include:
				2022	2021
Audit fees				2,700	2,600
Other non-sudit services				2,000	1,900
Depreciation	offixed assets			1,389	1,730

8 Tangible Axed assets
		Office	Plant and
	Computers	equipment	machinery	Total
	6		6
Cost
At 1 April 2021	17,926	18,085	10,525	46,536
Additions		385		385
At 31 March 2022	17,926	18,470	10,525	46,921
Depreciation
At 1 April 2021	17,798	14,670	8,947	41,415
Charge for the year	43	950	396	1,389
At 31 March 2022	17,841	15,620	9,343	42,804
Net book value
At 31 March 2022	85	2,850	1,182	4,117
At 31 March 2021	128	3,415	1,578	5,121
9 Heritage assets
			Akefacts	Total
				6
Cost
At 1 April 2021			532,457	532,457
At 31 March 2022			532,457	532,457
Depreciation
At 31 March 2022
Net book value
At 31 March 2022			532,457	532,457

10Fixed as	set investments
		2022	2021
		8	8
Investment	properties	2,749,314	2,749,314
Other investments		1,105,504	1,145,411
		3,854,818	3,894,725
Investment	properties
			Freehold
			land and
			buildings
			8
Cost orValuation
At 1 April 2021			2,749,314
At 31 March	2022		2,749,314
Provision
At 31 March	2022
Net book value
At 31 March	2022		2,243,314
At 31 March	2021		2,749,314

Freehold	land and buildings compdse:
		2020	2019
8/9 Quay	Road, Plymouth	420,756	420,756
Manor House - Chillingham		813,230	813,230
Agricultural	land —Sheepham	606,346	606,345
Farmland	- Capton	24,450	24.450
Whitmore	Barn	884,533	884,533
		2749314	2749314

Otherinveatments
	Listed
	investments	Total
		6
Cost or Valuation
At 1 April 2021	1,145,411	1,145,411
Revaluation	18,591	18,591
Additions Disposals	1S,954 ~70,452	19,954 ~70,452
At 31 March 2022	1,105,504	1,105,504
Net book value
At 31 March 2022	1,105,504	1.100,504
At 31 March 2021	1,145,411	1,145,411

Year Ended 31 March 202	2 (continued)
		Total
UK Investments		921,572
Overseas Investments		183,932
At 31 March 2022		1,105,504
No restrictions exist on the realisation	ofthese assets.

The following	investments have a value greater than	5% of the investments	held at the 31 March
2022:
Holding	Investment
6,997	Segro PLC Ord GBP0.10		94,146
6,150	Aberforth Smaller Co Trust Ord GBP0.01		84,747
80,000	JP Morgan Emer Mkts Invest Trust	Ord GBP0.25	91,200
9,750	Blackrock World Mining Trust GBP0.05		72,638

11Debtors
				2022	2021
				8	8
Trade debtors				1,805	12,303
Due from group undertakings				25	25
Prepayments and accrued income				10,609	13,481
Other debtors				100	100
				12,539	25,909
12Creditors: amounts		falling due within one year
				2022f	2021 6
Trade creditors				2,531	6,506
VAT repayable				1,297	1,982
Other creditors				12,334	2,335
Accruals and deferred		income		33,156	30,115
				49,318	40,938
				2022	2021
				8	6
Deferred income at 1 April 2021				17,569	10,797
Resources deferred Amounts released	in the period from previous		periods	18,669 ~17.569	17,569 (10,797)
Deferred income at year end				18,669	17,569

13Funds	13Funds
		Balance at				Other	Balance at
		1 April		Incoming	Resources	recognised	31 March
			2021	resources	expended	(losses)	2022
			8		6	8
Unrestricted funds
General		4.503.984		108.047	1140,488)	27.223	4.570,700
		Balance at				Other	Balance at
		1 April		Incoming	Resources	recognised	31 March
			2020	resources	expended	gains	2021
			8	8	8		6
Unrestricted funds
General		4,190123		226679	~180314	275496	4503984
14Analysis ofnet assets		between	funds
					Unrestricted		Total funds
						funds	at 31 March
						General	2022
						8	8
Tangible	fixed assets					4,117	4,117
Heritage	assets					532,457	532,457
Fixed asset investments						3,854,818	3,854,818
Current Current	assets liabilities				228,692 ~40.310		228,692 (49,318)
Total net assets						4,570,766	4,570,766
					Unrestricted		Total funds
						funds	at 31 March
						General	2021
						8
Tangible	fixed assets					5,121	5,121
Heritage	assets					532,457	532,457
Fixed asset investments						3,894,725	3,894,725
Current	assets					112,619	112,619
Current	liabilities					(40,938)	(40,938)
Total net assets						4,503,984	4,503,984