2022-12-31-accounts

Trustees	Trustees		Prof K Lindsey - Chairman	Prof K Lindsey - Chairman	Prof K Lindsey - Chairman
			Prof LDolan
			Mr ARM Campbell
			Prof M Harrison
			Prof AM Hetherington
			Prof RJ Norby
			Prof A Osbourn
			Mr LRoss - Treasurer
			Prof H Thomas (deceased			12 Jul	2022)
			Prof SHiscock
			Prof PAtkinson
			Ms M Maus (appointed		7 Mar 2022)
			Prof D Sanders (appointed			25 Jan 2022)
Charity	number		1154867
Company		number	08789102
Registered		office	The New Phytologist	Foundation			Central Office
			Furness Main, Bfloor,		Office B089
			Furness College, Lancaster			University
			Lancaster
			Lancashire
			LA1 4YG
Auditor			Riverside Accountancy		Lancaster		Limited
			Riverside OfFices
			Second Floor
			26 St Georges Quay
			Lancaster
			LA1 1RD
Bankers			Barclays Bank PLC
			38 Market Street
			Lancaster
			LA1 4HR
Accountants			JAFell & Co
			40 Hoghton Street
			Southport
			PR9 OPQ

		Page
Trustees' report		1-4
Independent auditor's	report	5-7
Statement offinancial	activities
Balance sheet
Statement ofcash flows		fo
Notes to the financial	statements	11 - 17

				Unrestricted	Unrestricted
				funds	funds
				2022	2021
			Notes	6	f.
Income from:
Charitable activities			3	1,599,530	1,339,009
Investments			4	34,270	28,007
Total income				1,633,800	1,367,016
~E* dit
Raising funds			5	16,271	16,065
Charitable activities
Journal Expenditure			6	1,378,400	1,045,406
Symposia Expenditure			6	83,670
Total charitable expenditure				1,462,070	1,045,406
Total expenditure				1,478,341	1,061,471
Operational surplus				155,459	305,545
Net gains/(losses)	on investments		10	(402,280)	295,488
Net (expenditure)/income		for the year/
Net movement in	funds			(246,821)	601,033
Fund balances at 1 January		2022		3,913,874	3,312,841
Fund balances at	31December 2022			3,667,053	3,913,874

			2022		2021
		Notes	6		6
Fixed assets
Investments				2,354,187		2,738,789
Current assets
Debtors		13	595,679		298,396
Cash at bank and in	hand		860,173		940,677
			1,455,852		1,239,073
Creditors: amounts	falling due within
one year		14	(142,986)		(63,988)
Net current assets				1,312,866		1,175,085
Total assets less current liabilities				3,667,053		3,913,874
Income funds
Unrestricted funds				3,667,053		3,913,874
				3,667,053		3,913,874

				2022		2021
			Notes	6		6
Cash flows from operating		activities
Cash (absorbed by)/generated		from	15
operations					(63,147)		343,831
Investing activities
Purchase of investments				(967,428)		(909,761)
Proceeds on disposal of investments				1,007,244		660,307
Cash movement in investment		porffolio		(57,174)		(12,341)
Interest received				(321)		145
Timing differences on investments				320
Net cash used in investing		activities			(17,358)		(261,651)
Net cash used in financing		activities
Net (decrease)/increase in	cash and		cash
equivalents					(80,505)		82,180
Cash and cash equivalents	at beginning		ofyear		940,677		858,497
Cash and cash equivalents		at end of	year		860,173		940,677

Unrestricted	Unrestricted
funds	funds
2022	2021
6	8
16,271	16,065
16,271	16,065

						Journal	Symposia	Total	Journal
						Expenditure	Expenditure	2022	Expenditure
						2022	2022		2021
							6
Staff costs						673,048		673,048	517,906
Lancaster rent						3,913		3,913	6,705
Stationery and	printing					490		490	126
Telephone and	communications					1,694		1,694	1,504
Office space						2,424		2,424	2,824
Furniture, equipment			and	hardware		4,041		4,041	2,801
Miscellaneous	expenses					3,363		3,363	3,972
Advertising						1,897		1,897	218
Promotion and	marketing					35,092		35,092	14,928
Development						27,377		27,377	18,367
Training expenses						2,918		2,918	2,321
Staff travel						7,183		7,183	910
Website design	and	maintenance				14,634		14,634	10,992
Bristol salaries						33,418		33,418	26,734
Editors and advisors		business			meetings	42,110		42,110	2,753
Trustees meetings						13,734		13,734	11,271
Tansley reviews						4,714		4,714	9,216
Workshops						16,051		16,051
Tansley grants:	prizes,		awards		and support	23,937		23,937	15,229
Contributions to trustees'				and	editors' institutions	448,571	83,670	532,241	375,337
						1,360,609	83,670	1,444,279	1,024,114
Share of support costs (see note 7)						8,386		8,386	14,377
Share ofgovernance		costs (see note 7)				9,405		9,405	6,915
						1,378,400	83,670	1,462,070	1,045,406

Support	costs
			Support	Governance	2022	2021	Basis of
			costs	costs			allocation
					f	E
Treasurer	- honorarium					5,000	Usage
Subscriptions			1,729		1,729	1,375	Usage
Bank charges			3,167		3,167	2,006	Usage
Currency	conversion	gains/(losses)	3,490		3,490	5,996	Usage
Audit fees				3,500	3,500	3,500	Governance
Accountancy				3,357	3,357	3,415	Governance
Legal and	professional			2,548	2,548		Governance
			8,386	9,405	17,791	21,292
Analysed	between
Chadtable	activities		8,386	9,405	17,791	21,292

Employment	costs	2022 6	2021 f
Lancaster salaries		673,048	517,906
Bristol salaries		33,418	26,734
		706,466	544,640

Net gains/(	loss	es)	on investments
				Unrestricted	Unrestricted
				funds	funds
				2022	2021
				f
Gain/(loss)	on	sale	ofinvestments	(402,280)	295,488

11	Fixed asset inve	stmen	ts
						Listed	Unlisted	Cash in	Total
						investments 6	investments f	portfolio
	Cost or valuation
	At 1 January 2022					2,659,759		79,030	2,738,789
	Additions					967,428			967,428
	Valuation changes					(268,475)			(268,475)
	Gain/(Loss) on sale					(133,492)			(133,492)
	Cash movement							57,182	57,182
	Disposals					(1,007,244)			(1,007,244)
	At 31 December 2022					2,217,975		136,212	2,354,187
	Carrying amount
	At 31 December 2022					2,217,975		136,212	2,354,187
	At 31 December 2021					2,659,759		79,030	2,738,789
12	Financial instruments							2022	2021
								6
	Carrying amount	offinancial			assets
	Debt instruments	measured		at amortised		cost		557,305	287,465
	Equity instruments	measured			at cost less	impairment		2,354,187	2,738,789
	Carrying amount	offinancial			liabilities
	Measured at amoriised		cost					142,986	63,988

13	Debtors
	Amounts falling due within one year:							2022f	2021
	Wiley							545,105	277,116
	Jstor							11,745	10,349
	VAT repayment							15,892	6,165
	Other debtors							455
	Prepayments and	accrued income						22,482	4,766
								595,679	298,396
14	Creditors: amounts falling due				within one year
								2022	2021
								6	F
	Trade creditors							34,954	3,241
	Other creditors							1,054	1,054
	Accruals and deferred		income					106,978	59,693
								142,986	63,988
15	Cash generated from		operations					2022	2021
	(Deficit)/surpus for	the	year					(246,821)	601,033
	Adjustments for:
	Investment income	recognised		in	statement	offinancial	activities	(321)	(145)
	(Gain)/loss on disposal		of investments					133,492	(17,526)
	Cash in lieu ofinvestments							(7)
	Timing differences	on investments						320
	Fair value losses/(gains)		on investments					268,475	(277,963)
	Movements in working		capital:
	(Increase)/decrease	in	debtors					(297,283)	122,300
	Increase/(decrease)	in	creditors					78,998	(83,869)
	Cash (absorbed by)/generated				from operations			(63,147)	343,831