| ~ ~ | ||||||
|---|---|---|---|---|---|---|
| The advancement ofeducation for the public benefit in |
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| environmental and plant science with particular reference to the |
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| Summary ofthe objects charity set out in its governing document |
ofthe | ecosystems ofSouthern Africa in particular but not exclusively providing funding support to the Buffelskloof Herbarium and Research Centre in its research work and to enable students conservation and plant environmental sciences to carry out |
by of |
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| academic research. | ||||||
| Funds (f9,691)were transferred tothe Buffelskloof Education and |
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| Research Public Benefit Organisation in South Africa. This supports |
the | |||||
| Buffelskloof Research Centre (now known as the Buffelskloof Field | ||||||
| Station) near Lydenburg, Mpumalanga. |
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| This world class research centre is open to scientific visitors from all | over | |||||
| Summary | ofthe main | the world at highly subsidised rates. |
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| activities | undertaken | for | the | It has an international reputation as an important and very useful regional |
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| public benefit in relation | to | centre. Recent publications by the staff include the Trees and Shrubs |
of | |||
| these objects (include | within | Mozambique (lead author John Burrows) described by staff at the Royal |
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| this section the statutory | Botanical Gardens Kew as one ofthe most important and useful |
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| declaration that trustees | have | books ever written on African Botany. | ||||
| had regard tothe guidance | African students write movingly of how they have benefitted from stays at |
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| issued by | the Charity | the centre either doing research in the herbarium collection and |
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| Commission on public |
surrounding exceptional botanical reserve or on thesis writing workshops. |
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| benefit) | The training ofyoung Africans in the conservation oftheir heritage |
is | ||||
| incredibly important. |
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| The trustees have had regard to the guidance issued by the Charity |
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| Commission on public benefit. |
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| ~ | ~ | ~ ~ ~ r |
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| Summary ofthe main achievements ofthe charity during the year |
The Trust supported in particular the training ofHerbarium staff as well as the general running costs ofthe centre with its world class Herbarium and research facilities. Although there were, because ofthe pandemic, fewer visitors than usual |
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| the trust was able to help insure the continuation ofthe centre after |
the | |||||
| retirement ofthe Curator and Herbarium Manager. |
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| The reserves are invested in the Cazenove Charity Responsible Multi |
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| Brief statement ofthe | Asset Fund. | |||||
| charity's | policy on reserves | |||||
| Details ofany funds materially | ||||||
| in deficit |
| Pwfeam RSimmons FRS | ||
|---|---|---|
| Dr N Maurice OBE | ||
| Mr G Read WB | ||
| Mra PRae MA | ||
| DrA Rae | ||
| MrJtacey BA | ||
| Charily number | 1179803 | |
| Principal address | Waariook House | |
| WttCOt | ||
| Pewsey | ||
| VVtttshire | ||
| SN9 5NS | ||
| Independent | examiner | Brown Warner LLP |
| 38Northgate | ||
| Newark~Trent | ||
| Notts | ||
| NG24 1EZ | ||
| Bankers | Natwest | |
| 30 High Street | ||
| Ctxppenham | ||
| Wttshire | ||
| SN15 3HB | ||
| Solicitors | Skadden. Arps, State, Meagher &Rom (UK) LLP | |
| 40Bank Street | ||
| Canary whart | ||
| London | ||
| E145DS |
| .'trrtement | otTrustees' | responsibilities |
|---|---|---|
| independent | exmrsner's | report |
| Un | strtcted Un | stricted | ||||
|---|---|---|---|---|---|---|
| funds | funds | |||||
| 2021 | 2020 | |||||
| Notes | 6 | 6 | ||||
| lgggttafmtK | ||||||
| Donasons and | iegaies | 57,857 | 7,562 | |||
| 979 | ||||||
| Charitable acfiwses |
9.691 | 6.236 | ||||
| Total expenditure | 10.670 | 6,621 | ||||
| Net gainsltiosses) | on investments | 5.332 | ||||
| Net movement | In | funds | 52.519 | |||
| Furcal balances | st 1 January 2021 | 1,949 | ||||
| Fund balances | at | $1December 2021 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| k | ||||||
| Irlxed assets | ||||||
| invesanents | 10 | fia,070 | ||||
| Current assets | ||||||
| Cash Cbank and in | hand | |||||
| Creditors: amounts | failing due within | |||||
| one )rear | 12 | (600) | ||||
| Net current (liabaities)Insects | (210) | 1,949 | ||||
| Total assets less cunent fiabilides | 1,949 | |||||
| Income funds | ||||||
| Vnresu)cted funds |
1,949 |
| 1 | Accounting policies (Continued) |
|---|---|
| 1.5 | Expenditure |
| Expcndturc is rccoglsscd once 5»re is a iogai or canstrucbvc obkgabon to bansfcr cool»mic btx»fit toa |
|
| third party, it is probable that atransfer ofeconomic bsne8$ wiN be required in selfiement, and the amount |
|
| ofihe obfigafian can be measured reliably. |
|
| Expenditure isdassified by acfivky. The costs af each ackvity are made up of5» total of direct costs and |
|
| shared casts, induding support casts involved in underiaking each acbvity. Direct casts afiributsble to a |
|
| sing» activity are aaocsted direcpy to that activity. Bhsred costs which contribute to more 5»n one scfivfiy and support costs which are not afiribulab» toasingS activity are apaolbor»d between 5»se actlvtfics on |
|
| a bsiris conastent with the use af esouroes. Cenlral sialf casts ae asocaled an the basis of5me spelt. |
|
| and depredation charges are $5ouned an the portion ofthe asset's use. |
|
| 1.5 | Fixed asset inveshnents FrXed asset inVCSOnents arC Inrbaiiy measured at~pnoe CXCIUdlrlg Iiansattlon COSIS, arid me |
| subsequsnfiy measured at fair value at each reparbng date. Changes in fair value are recognised in net |
|
| incoiner(expenditure) forthe year. Transacbon costs are expcnsed as hcurrsd. |
|
| 1.7 | Cash and cash equivalents |
| Cash and cash equkrrdcnts indude cash in hand. deposks held st caN wkh banks, other short-term Squid inveslmenls with ongs»l matunbes ol Nvee months or less, snd bank ovcrdralls. Bank overdrafts ~ |
|
| shown within banawings in current liabTTifiss. |
|
| Bask ifnancNSI assets | |
| Basic financial assets, which indude debtors and cash and bank bakrnccs. are inifiafiy measured at |
|
| iransscfion price induding transsdion assis snd are subsequently csnicd at smartiscd cost using ths |
|
| effecfive interest method uniate the arrangement consbtutes afinandng transaction. where the trsnsac5on |
|
| is measured st the present value of the future receipts discounted at a market rate of interesL Financial |
|
| assets dssstlied ss reasivable within one year are nol amortisad. |
|
| Bask ffnaned Nsbgftfcs Basic financial liabifibea induding credikxs and bank loans we initially recognised at kansacfion price ul$$$$ Ihe arrangement~s finsncing trsnssdion, where the debt instrument is measured st the |
|
| present vak» ofthe future payments discounted at s n»lkct rate of irnerest Flnsncid Nabifees dsssified |
|
| as payatxe withki one year ara not amorfised. | |
| Trade creditors are abfigsdons to psy forgoods or services 5»t hove been soquired in5» ordinary course |
|
| of opcisfions from suppscis. Amoums paysbtc src dasslficd as current NabNN»s If payment is dUc within |
|
| one year ar less. If not, they are preswitad as non-cixient Nabfifiies. Trade cierfitors are recognised inisafiy at iransactian price andsu~ measured at amorbsad cost using the egscbve interest melhod. |
|
| 2 | Critical accounfing estimates and judgements |
| In the sppficadon af the trust's accaunting policies, the Trustees are required to make judgements, |
|
| estimates and assumpsons about the carrying amount ofassets and lisbilee$5»t w» nat readfiy apparent |
|
| from other sources. The csbmdes snd assodatcd sssumpbons are based on historical e perisnos snd |
|
| other factors that we cansidsred to be relevanL Actud resuNS may diller from Ihese csfimatcs. |
|
| The esamates snd lxidertykig sssrxnpfians are reviewed an an angoing basis. Revisions to accounbng |
|
| estimates ac recognised in the penod in whch tl» estimate is revised where the reviaon ageds only that |
|
| period, ar in lhs period ofthe revision and future poriods where the revision «Neds both current and future | |
| periods |
| Unrestcted | UnresbicM |
|---|---|
| funds | funds |
| 2021 | 2020 |
| 8 | |
| 57,857 | 7.582 |
| ftalstng fun | ds | |||
|---|---|---|---|---|
| Unreeicted | Un esticted | |||
| funds | funds | |||
| 202t | 2020 | |||
| Frsxlraising | and | pubttcrty | ||
| Other fundraiserg | costs | 979 | 385 | |
| 979 |
| Grant fundtng ofactivities (see note 6) | ||
|---|---|---|
| 6 | Grants payable | |
| 2021t | ||
| Grants to insbtubons. | ||
| Belfestrtoof Field 8tation | 8,891 | |
| Gmnts to individurds | ||
| 9,891 |
| The trust had no paid employees | The trust had no paid employees | duisig the | year. | ||||
|---|---|---|---|---|---|---|---|
| 8 | Net gainer(losses) orl |
Invesllents | |||||
| Un | stricted | tolal | |||||
| funds | |||||||
| 2020 | |||||||
| Revaluation ofinvestmenls |
5.332 | ||||||
| 10 | Fixed asset invesbnents | ||||||
| I.lated | |||||||
| investments | |||||||
| 6 | |||||||
| Costorvaluation | |||||||
| At 1 January 2021 | |||||||
| Addiscns | |||||||
| Vsiuilbon changes | |||||||
| At 31 DOCember 2021 | 55.678 | ||||||
| Impairment | |||||||
| At 1 January 2021 | |||||||
| Dispossls | 1.000 | ||||||
| At 31 Decembtv 2021 | 1.000 | ||||||
| Canylng amount At 31 December 2021 |
54,678 | ||||||
| At 31 December 2020 | |||||||
| 11 | Bnsncisl instruments | 2021 | |||||
| 6 | |||||||
| Canylng amount of6nsncfal assets Instiumerss measured at fair value through |
profit orless | 54,678 |