2023-01-31-accounts

		Page
Trustees' Report		1 —3
Statement of Responsibilities
Independent Examiner's	report
Statement of Financial	Activities
Balance Sheet
Statement of Cash Flows
Notes to the Accounts		9-12

Charity name		The Downforce Trust	The Downforce Trust
Other name the charity uses		Homeland	Conservation
Registered charity	number	«8754&
CI0number		CE020425
Charity's principal	address	2 Littlegate	Street, Oxford, OX«QT

ames ofthe tr	ustees who m	anage the charity
Trustee name		Office (ifany)	Dates acted ifnot for whole year
Adam Parr		Chair
Mary Catherine	DiNunzio	Trustee	1 February	2022to 24 August 2023
Charles Brecque		Trustee	1 February	2022 tO 24 August 2023
Mungo Soggot		Trustee	25August	2022 tO 31January 2023
Merrick Denton-Thompson		Trustee	25August	2022 tO 31January 2023

				All unrestricted,	All unrestricted,
				restricted and	restricted and
				endowment 2023	endowment 2022
			Notes	funds	funds
Incoming resources
Donations and legacies					600,000
Investment income				1,346	22
Total incoming resources				1,346	600,022
Resources expended
Expenditure on:
Charitable activities				227,508	50,257
Total resources expended				227,508	50,257
Net (expenditure)/income	before investment	gains		226,162	549,765
Net gains on investments	—disposal ofshares	in
Downforce Technologies	Limited			1,073,780	72,931
Net income				847,618	622,696
Net movement in funds				847,618	622,696
Reconciliation offunds:
Total funds brought forward				749,045	126,349
Total funds carried forward				1,596,663	749,045

			31January	31January
		Notes	2023	2022
Fixed Assets
Social Investments			67,789	97,963
Current assets
Cash at bank and	in hand		1,531,515	651,082
Debtors			323
Liabilities
Creditors: amounts	falling due within one
year			(2,964)
Net current assets			1,528,874	651,082
Net assets			1,596,663	749,045
Funds ofthe charity
Unrestricted funds			1,596,663	749,045
Total charity funds			1,596,663	749,045

				Notes	2023	2022
Cash flows from operating	activities
Net cash (used in)/provided	by operations				(224,867)	549,743
Cash flows from investing	activities
Interest on cash balances					1,346	22
Proceeds from sale of investments					1,103,954	74,980
Purchase of investments						100,012
Net cash provided by/(used	in) investing		activities		1,105,300	524,733
Net cash from financing activities
Net increase in cash and cash equivalents					880,433	524,733
Cash and cash equivalents at beginning		of period			651,082	126,349
Cash and cash equivalents	at end of period				1,531,515	651,082

onations	and legacies
		2023	2022
General	donations		600,000
			600,000

				Support	Grant	Total
			Direct	costs	funding of	costs
			costs	(note 4)	activities
Current year
System of	Rice Intensification	(SRI)	182,722	4,786		187,508
Downforce	Software
Education	&Research				40,000	40,000
Charitable	activities		182,722	4,786	40,000	227,508
				Support	Grant	Total
			Direct	costs	funding of	costs
			costs	(note 4)	activities
Prior Year
System of	Rice Intensification	(SRI)	6,637	1,704		8,341
Downforce	Software		12,850			12,850
Education	&Research				29,066	29,066
Charitable	activities		19,487	1,704	29,066	50,257

						Governance
	Current year		Basis of	apportionment		costs	Totalf
System of	Rice Intensification	(SRI)	Allocated	on time	950	3,836	4,786
Downforce	software		Allocated	on time
Education	8 Research		Allocated	on time
Charitable	Activities				950	3,836	4,786
						Governance
	Prior year		Basis of	apportionment		costs	Total
						F
System of	Rice Intensification	(SRI)	Allocated	on time	490	1,214	1,704
Downforce	software		Allocated	on time
Education	&Research		Allocated	on time
Charitable	Activities				490	1,214	1,704

. Analysis ofstaff costs and key management personne	l
	2023	2022
Wages and salaries	78,500	6,000
Social security costs	3,266	637
Pension costs	3,925
Health insurance	457
	86,148	6,637

		Subsidiary
Cost		Undertaking	Associate	Totalf
At 1 February 2022		97,963		97,963
Additions
Disposals		(30,174)		(30,174)
Loss of controlling	share	(67,789)	67,789
Revaluation
At 31January 2023			67,789	67,789

. Debtors
	2023	2022
Other debtors	323
	323
. Creditors
	2023	2022
Trade creditors	669
Other creditors	795
Accruals	1,500
	2,964

		Balance at the				Balance at the
		start ofthe				end ofthe
Current	year	year	Income	Gains	Expenditure	yearf
General	fund	749,045	1,346	1,073,780	227,508	1,596,663
		749,045	1,346	1,073,780	227,508	1,596,663
Prior year		Balance at the				Balance at the
		start ofthe				end ofthe
		previous year	Income	Gains	Expenditure	previous year
General	fund	126,349	600,022	72,931	50,257	749,045
		126,349	600,022	72,931	50,257	749,045

				2023	2022
Net income for the reporting		period (as per the statement	of
financial activities				847,618	622,696
Adjustments for:
Interest income				(1,346)	(22)
Net gains on investments				(1,073,780)	(72,931)
Increase in debtors				(323)
Increase in creditors				2,964
Cash (used)l generated	from operations			224,867	549,743