| Settlor | Dr. Frederick Mulder CBE | |
|---|---|---|
| Trustees | Dr. Frederick Mulder CBE | |
| Hannah De Carteret |
||
| Robin Bowman | ||
| Address | Castle Hill House, Northgate, | Totnes TQ9 5NX |
| Bankers | Santander, 2 Triton Square, |
|
| Regent's Place, London, NW1 | 3AN | |
| Auditors | Cooper Parry Group Limited, | |
| Chartered Accountants and Statutory Auditors |
||
| New Derwent House, | ||
| 69-73 Theobalds Road, London, WC1X 8TA |
||
| Registered | ||
| Charity Number | 296019 |
| Note | 2023 | 2022 | ||
|---|---|---|---|---|
| Income | ||||
| Donations, grants and legacies |
63,493 | |||
| Trading activities | 1,720,659 | |||
| Investment income |
24,871 | 38,277 | ||
| Total incoming resources | 1,809,023 | 38,277 | ||
| Expenditure | ||||
| Expenditure on Charitable |
activities: | |||
| Grants payable | 532,437 | 500,194 | ||
| Direct costs | 6,364 | 13,725 | ||
| Governance costs |
21,712 | 21,809 | ||
| Total charitable expenditure |
561,513 | 535,728 | ||
| Trading expenditure |
1,154,158 | 9,091 | ||
| Total resources expended | 1,714,671 | 544,819 | ||
| Net income/(expenditure) | before | 94,352 | (506,542) | |
| investment gains |
||||
| Net gains on investment | 21,326 | 75,757 | ||
| Net income | 116,227 | (430,785) | ||
| Tax on trading activities | (17,146) | |||
| Net movement in funds |
99,081 | (430,785) | ||
| Funds brought forward at 1April 2022 |
5,178,026 | 5,608,811 | ||
| Funds carried forward at | 31March 2023 | 12 | 5,277,107 | 5,178,026 |
| Group | Group | Charity | Charity | ||||
|---|---|---|---|---|---|---|---|
| Note | 2023 | 2022 | 2023 | 2022 | |||
| Fixed Assets | |||||||
| Unquoted investments |
9 | 2,889,132 | 1,832,794 | 3,338,779 | 3,288,961 | ||
| Quoted investments | 8 | 1,557,158 | 1,968,584 | 1,557,158 | 1,968,584 | ||
| 4,446,290 | 3,801,378 | 4,895,937 | 5,257,545 | ||||
| Current Assets | |||||||
| Stock | 10 | 152,902 | 1,116,646 | ||||
| Debtors | 11 | 48,972 | 153 | ||||
| Cash at bank | and in hand | 710,215 | 214,530 | 536,381 | 213,240 | ||
| 863,117 | 1,380,148 | 536,3S1 | 213,393 | ||||
| Creditors: Amounts | falling due | ||||||
| within one year | 12 | (32,300) | (3,500) | (42) | |||
| Net current | assets | 830,817 | 1,376,648 | 536,339 | 213,393 | ||
| Total assets | less total | liabilities | 5,277,107 | 5,178,026 | 5,432,276 | 5,470,938 | |
| Funds | |||||||
| Unrestricted | funds | 13 | 5,277,107 | 5,178,026 | 5,432,276 | 5,470,938 | |
| 5,277,107 | 5,178,026 | 5,432,276 | 5,470,938 |
| Group | Group | ||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Note | |||||
| Cash flows from operating | activities: | 1,118,722 | (444,644) | ||
| Net cash provided by (used | in) operating | ||||
| activities | 1,118,722 | (444,644) | |||
| Cash flows from investing | activities: | ||||
| (Purchase) ofinvestments | (1,016,918) | (71,978) | |||
| Proceeds Irom the sale ofinvestments | 393,SS1 | 651,702 | |||
| Interest and dividends | |||||
| Net cash provided by (used | in) investing | ||||
| activities | (623,037) | 579,724 | |||
| Change in cash and cash equivalents | in the | reporting | |||
| period | 495,6S7 | 135,080 | |||
| Cash and cash equivalents | at the beginning | ofthe | |||
| reporting period |
214,530 | 79,450 | |||
| Cash and cash equivalents | at the end | ofthe | reporting | ||
| period | 710,215 | 214,530 |
| 1. Reconcilia |
tion ofnet |
movement in funds to ne |
t cash flow from operating ac |
tivities |
|---|---|---|---|---|
| Group | Group | |||
| 2023 | 2022 | |||
| Net movement | in funds | 99,081 | (430,785) | |
| (Gains)/losses | on investments | |||
| Realised | (99,780) | (45,096) | ||
| Unrealised | 77,905 | (30,631) | ||
| Dividends and |
interest from investments | |||
| Decrease in stocks | 963,744 | |||
| (Increase)/ decrease in debtors | 48,972 | 77,262 | ||
| Increase/ (decrease) in creditors |
28,800 | (15,394) | ||
| Net cash used | in operating | activities | 1,118,722 | (444,644) |
| 2. | Donations, | grants | and legacies | ||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Donations | 63,493 | ||||
| 63,493 | |||||
| All income | received | in the year was unrestricted | |||
| 3. | Investment | income | |||
| 2023 | 2022 | ||||
| Income on | quoted investments | 12,646 | 11,422 | ||
| Income on | unquoted | investments | 12,225 | 26,855 | |
| 24,S71 | 38,277 | ||||
| All invetsment income received in the year was unrestricted |
| 4. | Charitable activities |
Notes | 2023 | 2022 | ||||
|---|---|---|---|---|---|---|---|---|
| Grants to Institutions | ||||||||
| Against Malaria Foundation | 15,206 | |||||||
| AIGAS | 10,000 | |||||||
| AITEC | 7,500 | |||||||
| ALPA - Acces la Pamant | pentru Agroeco | logic | 30,000 | |||||
| Beaver Trust | 30,000 | |||||||
| Beaver Trust Emergency | Fund | 5,000 | ||||||
| Black Funding Network |
20,000 | |||||||
| Bowden Pillars | 10,000 | |||||||
| Camden Giving | 7,500 | |||||||
| CEA Ltd | 15,000 | 15,000 | ||||||
| Chairman's Discretion |
9,173 | 9,570 | ||||||
| Climate Bonds Initiative | 10,000 | |||||||
| Covid 19Relief in the Global | South | 8,000 | ||||||
| Cyber Tracker (Grant 3) | 55,150 | 32,000 | ||||||
| Devon Environment Foundation |
20,000 | 10,786 | ||||||
| Directors Allocation -Bryn |
10,000 | 10,000 | ||||||
| EFN Rapid Response | 10,000 | 10,000 | ||||||
| Environmental Defence Fund |
10,000 | |||||||
| Fossil Fuel Non-Proliferation | Treaty | 10,000 | ||||||
| Gallery Climate Control | 5,000 | 2,500 | ||||||
| GIFT | 16,190 | 15,206 | ||||||
| Give Directly | 15,000 | |||||||
| Glacier Trust | 10,000 | |||||||
| Global Witness | 5,000 | 25,000 | ||||||
| Global Assembly | 15,000 | |||||||
| Greenpeace Environmental |
Trust | 10,000 | 10,000 | |||||
| IFPDA match funding (Global |
Empowerm | ent | Mission GEM) | 13,954 | ||||
| Industry Tracker |
10,000 | |||||||
| Keep it Wild - Turtle Dove project | 15,000 | |||||||
| One to One Af'rica Children's | Fund | 2,500 | ||||||
| Oxford Process | 5,000 | 10,000 | ||||||
| Peace Brigades International | 10,000 | |||||||
| Playback Theatre Southwest | 25,000 | 25,000 | ||||||
| Rewilding Britain |
20,000 | 15,000 | ||||||
| River Action | 25,000 | |||||||
| Roots and Wings Foundation | (Hungary) | 4,206 | ||||||
| Share Action | 20,000 | 20,000 | ||||||
| Sightsavers | 20,000 | |||||||
| SMK Foundation | 5,000 | |||||||
| Somerset Wildlands | 10,000 | 10,000 | ||||||
| TFN Events and Pledges | International | 4,240 | 3,028 | |||||
| TFN Events and Pledges | UK | 30,790 | 32,300 | |||||
| TFN Starter Grant Programme | 13,940 | 12,392 |
| 4. | Continued | Notes | 2023 | 2022 | ||
|---|---|---|---|---|---|---|
| TFN UK Swan Appeal | 30,000 | 30,000 | ||||
| TFN Office Move | 7,500 | |||||
| Trustee Allocation | -Hannah | 10,000 | 10,000 | |||
| Trustee Allocation | -Robin | 10,000 | 10,000 | |||
| Tsumkwe soup kitchen |
3,000 | |||||
| Woodland Savers |
26,000 | |||||
| Valence Solutions | 20,000 | |||||
| Young Wilders | 5,000 | |||||
| 532,437 | 500,194 | |||||
| 5. | Direct support costs —office costs |
2023 | 2022 | |||
| Other office costs | 6,364 | 13,725 | ||||
| 6,364 | 13,725 | |||||
| 6. | Governance costs |
2023 | 2022 | |||
| Bank charges | 148 | 201 | ||||
| Conference and membership |
fees | 12,260 | 11,146 | |||
| Travel expenses | 448 | 657 | ||||
| Trust management | fees | 8,855 | 9,805 | |||
| 21,712 | 21,809 |
| 8. | Quoted Investments | Quoted Investments | Quoted Investments | ||||
|---|---|---|---|---|---|---|---|
| Group 4 | Group 4 | ||||||
| Charity | Charity | ||||||
| 2023 | 2022 | ||||||
| Market value brought | fonvard | 1,968,584 | 2,028,637 | ||||
| Additions | 109,477 | 68,378 | |||||
| Disposal | 393,881 | ~213,129 | |||||
| 284,404 | (144,751) | ||||||
| 1,684,180 | 1,883,886 | ||||||
| Realised gain on investments | 99,780 | 45,096 | |||||
| Movement | in unrealised | valuation | |||||
| gain in the | year | 226,802 | 39,602 | ||||
| Net gain/(loss) | in the | year | (127,022) | 84,698 | |||
| Market value carried | fonvard | 1,557,158 | 1,968,584 | ||||
| Investments | at | market | value | ||||
| comprised: | |||||||
| Rathbone s | 595,252 | 808,060 | |||||
| Fund Partners | 886,343 | 1,086,150 | |||||
| Ennismore | 75,563 | 74,374 | |||||
| 1,557,158 | 1,968,584 |
| 9. | Unquoted | Investments | |||||
|---|---|---|---|---|---|---|---|
| Group | Group | ||||||
| 2023 | 2022 | ||||||
| Market value brought | forward | 1,832,794 | 2,276,739 | ||||
| Additions | 907,441 | 3,600 | |||||
| Disposals | (438,574) | ||||||
| Movement valuation |
in unrealised gain in the year |
148,897 | (8,971) | ||||
| 1,056,338 | 443,945 | ||||||
| Market value carried forward | 2,889,132 | 1,832,794 | |||||
| Investments at market |
value comprised: | ||||||
| New Forest Company | Holdings | Limited | 1,122,849 | 1,054,616 | |||
| Sustainabl | e Growth Management | 1,238,007 | 272,006 | ||||
| Nordeon | 528,276 | 506,172 | |||||
| 2,889,132 | 1,832,794 |
| Turnover | Total | Total | |||||
|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||
| 1,720,659 | |||||||
| Cost ofsales and | administration | expenses | (1,154,158) | (9,091) | |||
| Donations | to parent | (400,000) | |||||
| Interest payable | (11,612) | (14,526) | |||||
| Operating | Profit/(losses) | 154,889 | (23,617) | ||||
| Taxation | (17,146) | ||||||
| Retained | profit/(losses) | 137,743 | (23,617) | ||||
| 10. Stock |
Group | Group | Charity | Charity | |||
| 2023 | 2022 | 2023 | 2022 | ||||
| Stock | 152,902 | 1,116,646 | |||||
| 152,902 | 1,116,646 | ||||||
| 11. Debtors | Group | Group | Charity | Charity | |||
| 2023 | 2022 | 2023 | 2022 | ||||
| Trade | debtors | 48,112 | |||||
| Prepayments | and accrued | income | 860 | 153 | |||
| 48,972 | 153 |
| 12. | Creditors: Amounts one year |
Creditors: Amounts one year |
falling due within | Group | Group | Charity | Charity |
|---|---|---|---|---|---|---|---|
| 2023 | 2022 | 2023 | 2022 | ||||
| Social security | and other taxes | 17,146 | |||||
| Other creditors | and accruals | 15,154 | 3,500 | 42 | |||
| 32,300 | 3,500 | 42 | |||||
| 13. | Unrestricted | funds | Group | Group | Charity | Charity | |
| 2023 | 2022 | 2023 | 2022 | ||||
| Total funds brought | forward | 5,178,025 | 5,608,811 | 5,470,938 | 5,878,107 | ||
| Net movement | 99,081 | (430,785) | (38,662) | (407,169) | |||
| Total funds carried | forward | 5,277,107 | 5,178,026 | 5,432,276 | 5,470,938 |