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