2023-03-31-accounts - The Douglas Bomford Trust

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

	CONTENTS
Trustees' Report
Trustees' Responsibilities Statement
Independent Examiners	Report
Statement ofFinancial	Activities
(Including the Income	and Expenditure)
Balance Sheet
Notes to the Financial	Statements

				Unrestricted	Restricted	Total	Total
			Note	Funds	Funds	Funds	Funds
				2023	2023	2023	2022
					5
Incoming resources
Voluntary income
Activities for generating		funds
Investment income			3	156,196		156,196	140,575
Donations			4	180,534		180,534	7,537
Total incoming resources				336,730		336,730	148,112
Resources expended
Costs ofgenerating income			5	15,073		15.073	16.657
Costs ofcharitable activities:
Research programme				72,856		72,856	56,177
Travel scholarships				11.702		l1,702	1,324
Studentships				9500		9,500	9,500
Student support (Arkvvright/IAgrE)				14,950		14,950	7,900
Other awards and donations				3,159		3,159	2,750
Total value ofgrants			6	112,167		112,167	77,651
Costs ofgrant making:
Governance costs			7	21,914		21,914	17,798
Total resources expended				149,154		149,154	112,106
Net incoming resources	before other		9	187,576		187,576	36,006
recognised gains and losses
Realised gains/(losses)	on	investment		57,458		57,458	86,373
assets
Net (expenditure)/income		for the year		245,034		245,034	122,379
Unrealised gains/(losses)	on			(298,513)		(298,513)	317,373
investment assets
Net movement in funds				(53,479)		(53.479)	439,752
Total funds brought forward				5,952,490		5,952,490	5,512,738
Total funds carried fonvard				5499,011		5499,011	5,952,490

INVESTMENT INCOME
	2023	2022
		f.
Dividends 4interest on investments	155,448	140,552
Interest on cash deposits	748	23
	l56 196	14 575

INCOME FROM DONATIONS AND LEGACI	ES
	2023	2022
		f.
Donations:
Audrey Lambden Estate	145,825
Tillett and Hague	30,000
Delta-T Devices	509
Private donation	4200	7537
	180534	7537

			2023	2022
Costs	ofmanaging	investments	15073	~16

TOTAL VALUE OF GRANTS	TOTAL VALUE OF GRANTS
Purpose for vvhich grants made		Grants to	Grants to	Total
		individuals	institutions	amount
Research Programme		1,400	,f 71,456	72,856
Travel Grants		11,702		11,702
Studentships		9,500		9,500
Student support	(Arlwrlght/IAgrE)	6.800	8,150	14,950
Other Avvards	snd prizes	1,999	I 160	3,159
		31,401	80,766	112,167

						Total
Names ofInstitutions				Purpose		amount of
						grants paid
Harper Adams University			Postgraduate	research		18,750
Cranfield	University		Postgraduate	research		12,950
Cranfield	University		Group Project			5,100
University	ofGlasgow		Postgraduate	research		12,400
Royal Agricultural		University	Ukraine Soils project			5,000
University	ofWorcester		Student fees			3,600
Reading University			Flood mitigation			2,990
University	ofLincoln					10,666
AgriEPI	Centre		Subscriptions			360
IAgrE			Support for student membership		scheme	8,150
IAgrE			Commercial	membership		500
A~Food	Charities	Partnership	Membership	subscription/event		300
			Total Gnmts toInstitutions			80,766

NET INCOMING RESOUR	CES FO	R THE YEAR
This is stated after charging:					2023	2022
Independent Examiner sfee					4,356	4,080
Fees ivere inclusive ofVAT.
10.ANALYSIS OFMOVEMENTS		OFINVESTMENTS
					2023	2022
					8
Carrying value (market value)	1u April				5,853,645	57300,553
Additions to investments at cost					140,000	725,755
Disposals at carrying value						(659,265)
Realised gains/(losses)					57,458	86,373
Unrealised gains/(losses)					(2985513)	317,373
Management fees deducted from portfolio					(15,072)	(16,657)
Income retained for reinvestment					101	99.513
Carrying value (marl.et value)	at31"March				5,737.639	5 353.665
Historic cost at 31"March						~3M7~7
Investments are held in the following		categories at the year	end
			Inside		Outside	Total
				UK	UK
				f.	f.
Property funds				216,396		216,396
Listed equity shares			1,128,623		3,544,109	4,672,732
Fixed interest securities				3257693	78,112	403,805
Cash and near cash				261,334		261,334
Other investments				183.352		183.352
			2	115399	3622.221	5„737,619

11.CREDITO	RS AND AC	CRUA		LS
									Amounts		falling due
									ivithin		one year
									2023		2022
Accruals									4.356		4.080
							Total		4456		4,080
12.FINANCIAL INSTRUMENTS
The carrying	amounts ofthe charity's				financial insuuments		are as foliose':
											2022
Measured at	fair value through		net income/expenditure:
-Fixed asset	listed investments		(note		10)			5,737,619			5,853,645
Debt instruments measured		at amortised				cost;
- Short term	deposits								165./48		102,925
							Total	5,903467			5,956470
The income,	expenses, net	gains,		and	net	losses attributable	to the charity's		financial	instruments
are summarised as fotloves:
									2023		2022
									5
Income and	expense
Financial assets measured		at fair		value through net income/expenditure					140,374		123,896
Financial assets measured		at amortised cost							748		23
Net gains and losses (including				changes		in fair value)
Financial assets measured		at fair		value through net				(241,055)			403,746
income/expenditure
							Y td	~(99,933			527,665
13.RELATED	PARTY TRANSACTIONS					AND TRUSTEES' REMUNERATION

Unrestricted	funds	At 1April	Incoming	Outgoing	Transfer	At31
		2022	resources	resources		March
			(inc gains)	(inc losses)		2023
Revaluation fund General fund Total unrestricted	funds	2,179,975 3 772515 5 952490	95674 95 674	~149154 ~149154	(701,512) ~(11J5~ -	1,478,463 4420 548 ~59