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|---|---|---|
|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|
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|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|
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|||||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|
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||||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|
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|||||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|
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|onations|and legacies|||
|---|---|---|---|
|||2023|2022|
|General|donations||600,000|
||||600,000|
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|||||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|
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|||||||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|
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|. 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|
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|||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|
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|. Debtors|||
|---|---|---|
||2023|2022|
|Other debtors|323||
||323||
|. Creditors|||
||2023|2022|
|Trade creditors|669||
|Other creditors|795||
|Accruals|1,500||
||2,964||
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|||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|
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|||||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|