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||CONTENTS|
|---|---|
|Trustees' Report||
|Trustees'
Responsibilities
Statement||
|Independent
Examiners|Report|
|Statement ofFinancial|Activities|
|(Including
the Income|and Expenditure)|
|Balance Sheet||
|Notes to the Financial|Statements|
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|||||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|
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|INVESTMENT INCOME|||
|---|---|---|
||2023|2022|
|||f.|
|Dividends 4interest on investments|155,448|140,552|
|Interest on cash deposits|748|23|
||l56 196|14 575|
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|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|
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||||2023|2022|
|---|---|---|---|---|
|Costs|ofmanaging|investments|15073|~16|
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|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|
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|||||||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|
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||||2023|2022|
|---|---|---|---|---|
|||||K|
|Marketing|and publicity||408|768|
|General administration|||13,839|12,950|
|Independent|Examiners/Audit|Fee|4,356|4,080|
|Trust Anniversary
event|||3,311||
||||21,914|17,798|
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|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|
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|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||||||
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|Unrestricted|funds|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|
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||||Research|
|---|---|---|---|
||||Projects|
|Within|1|year:|591.170|
|Betvveen||1 and 2years:|575,570|
|Between||2 and 5years:|540.360|
||||f207 100|
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