## ## ## |||||~ ~||| |---|---|---|---|---|---|---| |||||The advancement
ofeducation
for the public benefit
in||| |||||environmental
and plant science with particular
reference to the||| |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|| |||||academic research.||| |||||Funds (f9,691)were transferred
tothe Buffelskloof Education and||| |||||Research Public Benefit Organisation
in South Africa. This supports||the| |||||Buffelskloof Research Centre (now known as the Buffelskloof Field||| |||||Station) near Lydenburg,
Mpumalanga.||| |||||This world class research centre is open to scientific visitors from all||over| |Summary|ofthe main|||the world at highly subsidised
rates.||| |activities|undertaken|for|the|It has an international
reputation
as an important
and very useful regional||| |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||| |this section the statutory||||Botanical Gardens
Kew as one ofthe most important
and useful||| |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||| |issued by|the Charity|||the centre either doing research
in the herbarium
collection and||| |Commission
on public||||surrounding
exceptional
botanical reserve or on thesis writing workshops.||| |benefit)||||The training ofyoung Africans
in the conservation
oftheir heritage|is|| |||||incredibly
important.||| |||||The trustees have had regard to the guidance
issued by the Charity||| |||||Commission
on public benefit.||| |~|~|||~ ~
~
r||| |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||| |||||the trust was able to help insure the continuation
ofthe centre after|the|| |||||retirement
ofthe Curator and Herbarium
Manager.||| |||||The reserves are invested
in the Cazenove
Charity Responsible
Multi||| |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|| ## ## ## ## ## ## ##