2021-03-31-accounts

Registered number.. 03035047 Charity number: 1045781 LINKING ENVIRONMENT AND FARMING (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Bishop Flerning

LINKING ENVIRONMENT AND FARMING IA COMPANY LIMITED BY GUARANTEEI CONTENTS Page Chaimian's Statement Trustee8' Report Independent Audilors. Report on the Flnanclal Statements 10-13 Consolldated Statement of Flnanclal ActlvStle$ 14 Con8olldat•d Balan¢0 Sho01 15 Charlty Balance Sheet 16 Consolidated Statement of Cash Flows 17 Nolos to tho Flnanclal Statamants 18-43

LINKING ENVIRONMENT AND FARMING IA COMPANY LIMITED BY GUARANTEEI CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2021 The chairman presents his slatement for the year. The past financial year 202012021 has been one of continued consolidation, growih and investment. Whilst the year has been dominated by the profound impact of the Coronavirus pandemic, we were determined not lo let it overshadow the oulslanding successes of the past year. The team have risen to the challenges of remote working, embraced new lechnologies, shown flexibility and been quick to respond lo a changed wodd. Technology enabled us lo roll out a whole range of virtual experiences from launching demonslralion farms. running LEAF Online Farm Sunday to our fi'rst virtual Annual Conference on Dealing with the Climate Emergency. Furthemiore, we have run fortnightly surgeries on lopical issues with some loplevel speakers. It is significant ihat the support and reach of these events has been unprecedented. Added lo this, all LEAF'S activities have lo be viewed against the changing polilical landscape which the farming sector is facing outside the EU. New trading relationships and changes in support payments wth the introduction of the new Environmental Land Management scheme in England and the Climate Change plan in Scolland. wrth their focus on 'public money for public goods. will present both challenges and significant opportunities for LEAF and our members. We are dete￿nIned lo capilalize on this. This year saw the launch of our nev4 10-year slralegy12021-20311 representing a significanl and IransfoTmalive mcmenl for the organisalion. With an updaled vision and mission, well defined ambitions, set across eight cross culling commilmenls. il builds on our core objectives and capabilities. We have expanded our capability to engage more with farmers. the industry and government through our technical and visionary approaches. Our work in the field of educalion and public engagement has also been remarkable and provides a solid loundalion on which we are continually building. In response lo the Coronavirus pandemic. our team of Regional Education Consullanls delivered imaginalive and virtual learning programmes with schools across the UK, and we quickly adapted many of our Countryside Classroom resources lor home schooling. As il was not possible to host live fami events, we ran two online events in June and September. involving live virtual farm tours and a programme of online talks. We were also delighted lo host our first inlemalional live virtual fam tours in Ghana and Spain. Similarly, Famier Time played a hugely significant role in enabling young people to speak to farmers directly and experience farming in a safe way. Also. in response lo the pressures of lockdown. our LEAF Education team priorilised health and wellbeing and adapted existing programmes and resources lo incorporate creative. mindful and sensory activities lo help children relax and connect with famiing and nature. We wll be building on this in the year ahead. 2021 marks the 30th anniversary of LEAF. a special moment for the charity. The next chapter is both exciting and inspiring. We are determined lo find new ways of delivering produclivily and prosperity for our farmers and members through the development and promotion of Climate Positive. inlegraled and regenerative farming as well as engaging with young people and society in a purFoseful and meaningful manner. As the industry continues lo resFond lo the pandemic, nawgate a post-Brexit world, fight for fair and equitsble trade arrangements, LEAF will continue lo maintsin and build leadefship in Solut￿ driven approaches. Our work and our voice will be more important than ever. Philip Wynn Chairman Dale: 2019121 Page 1

LINKING ENVIRONMENT AND FARMING IA COMPANY LIMITED BY GUARANTEEI TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2021 The Iruslees present their report and the financial statements for the year ended 31 March 2021. The charity is known as LEAF ILinking Environment And Fam)ingl. REFERENCE AND ADMINISTRATIVE DETAIL LEAF is a registe￿d charity and a registered company limited by guarantee. Charity number 1045781 Company number 03035047 The principal office is at National Agricultural Cenlre. Stoneleigh Park. Warwckshire. CV8 2LG. 'The Registered Office" means the offlce of the Charity 81.. National Agricultural Centre Stoneleigh Park Wamickshire CV8 2LG L•go1 $tsty5 The charity is limited by guarantee. In the event of the charity being wound up. each member may be required lo conlribule a maximum of len pound$. Tru$t••$ The trustee$ of the charily, who are alw 11$ d1￿Clor$, are as follows.. C W Porter S C Eppel l A Ashbridge I Pigott PGWynn TMCGreen A J Davison K R Norman M F Young E K Penny Professor R J Rickson S8Dlor Leadershlp Team Chief Executive Chief Operating Officer Director of Business Development Director ol Education and Public Engagement Technical Manager Marketing & Communications Manager Assurance Manager Caroline Drummond Stephen Jones Clare Mike Carf Edwards Lucy Bales Sam Conway Jennifer Clark Page 2

LINKING ENVIRONMENT AND FARMING IA COMPANY LIMITED BY GUARANTEEI TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 Bankers National Westminster Bank PIC PO Box 137 59 The Parad8 Leamington Spa WaNickshire CV32 4BA Sollcltors Lodders Soliotors LLP Number Ten Elm Court Arden Street Stratlord Upon Avon Wamickshire CV37 6PA Indfrpfrndont Audltor Bishop Fleming LLP 1- 3 College Yard Worcester WR12LB STRUCTURE. GOVERNANCE AND MANAGEMENT LEAF (Linking Environment And Farmingl is a non profil making. membership based chartty. 11 was founded in 1991 and became a registered charity in 1995. LEAF develops and promotes Inlegraled Farm Managemenl (IFMI. IFM is a whole fami approach combining traditional farming with modem technology. LEAF works lo develop and wmmunicale best practice messages to farrners, Ihe agricultural and lood industry and non farmers. LEAF supports its members to adopt and promote more sustainable farming practices through the adoption of IFM. Specrfically, through the provision of management tools. technical information. training and talks. LEAF Marque is an independent assurance scheme, developed by LEAF. LEAF Marque Limited is a wholly owned subsidiary company of LEAF the Charity. incorporated in 2002. LEAF beneffts from a signffic8nt voluTr18ry contribution from 8 nehvork ol LEAF Demonstration Farmers. Innovation Cenlres and supporters, the many farmers and helpers involved in LEAF Open Farm Sunday and from represenlalion on the main management committees of LEAF.. the LEAF Board, Policy and Strategic Development Committee and Advisory Board as well as addilional committees supporting LEAF Marque. The governing documents are the Memorandum and Artides of Associalion and membership rules. The Trustees are the Board of Directors of the Charity. They are prinapally responsible for the governance of the Charity. The Trustees are selected by the principal management committees and the Chairman is Usually a farmer who serves three lo five years in that position. The Chairman is elected by the Board of Trustees and presented to members at the annual LEAF conference. Page 3

LINKING ENVIRONMENT AND FARMING IA COMPANY LIMITED BY GUARANTEEI TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 Trusto85' Inductlon and tralnlng Most newly appointed Trustees are already familiar with the practical work of the charity, additionally all Tfuslees, and sub committee members are provided wlh a full briefing, terms of reference and supporting literature. The supporting literature has been prepared from information drawn from LEAF'S publications. including details of the Memorandum and Articles of Assoaalion, membership rules and the lalesl financial stslements. LEAF has developed 8 guidance handbook for all TnJslees, setting out their obligations as Trustees for the charity. This included their requirement lo ensure the delivery of public good. This handbook is reviewed on an annual basis and updated when necessary. Strategic development of the organisation is the responsibility of the Tnjstees with day lo day management being the resF)onsibilily of the LEAF Chief Executive and is carried out by the small and dedicated LEAF team who operate prinopally from the LEAF office. Pay poll¢y for sonlor stsff The Trustees consider the board of Iruslees, who are also the D1￿CtOrS, and the SenKJr Leadership Team la$ defined on page 21 comprise the key management personnel of the charity in charge of directing and controlling. wnning and operating the charity on a day lo day basis. The Trustees give all of their lime freely and no Trustee has received remuneration in the year. Details of Trustees. expenses and related paty Iransa¢lion$ a disdosed in note 12 to these financial slalemenls. The pay of the senior staff is reviewed annually by a remuneration committee Comprised of a sU￿9r¢up of Trustees and is normally increaseil in a¢cordance with average earnings. In Odober eath year, the Trustees wll determine whether the salary levels for all staff should be adjusted for the forthcorning financial year beginning 1 sl April, lo reflect Changes in the cosl of living and or lo reflecl changes in responsibilty or improvements in performance. The Trustees, ￿nsideratiOnS wll begin wth an assumption that salaries should be adjusted lo match inflation (specifi￿llY the Cor)sumer Price Index) over the Pre￿ding 12 months. They will then determine whether this 1$ appropriate in the context of.. the charity s financial situation Ican it 8fford the CPI linked incr8ase7) the charity's perfomiance Ihave KPIS been mel?) c¥)sl of living adjustments made in recent years (have salaries kept pace with the CPI over the longer-lemi71 pay reviews elsewhere Ihow might a failure lo follow WKl&r trends perceived amongst staff, within partner organisalions or amongst polenb.al supporters7) Rlsk management The Trustees recognise their responsibilities in terms of managing rlsk and have systems in place lo ensure that the rbsks faced by the charty a￿ Identified, assessed, mitigated, and monitored. The Trustees have examlned the major slralegic, business and operational risks which the charity faces and confirm that systems have been eslabllshed lo enable regular reports to be produced so that the necessary steps can be tsken to control these sks. Thls Ss revSewed at least annually. A Risk and Audtt Sub Committee comprised of a small group of Trustees was establlshed lo support thls function. We have carrled out a full assessment of the rSsks associated with our activities and work and do not perceNe there lo be any detriment or hami arising from any of our actlwties. The key cx)nlrols used Include". preparation and review of the Risk Register- formal agenda for Board meelings., comprehensive strategic planning. budgeting and managemenl accounting.. st8blished orgAnisats"onal and governane• slrnclure and lines of r6ports"ng- and formal written policies. Page 4

LINKING ENVIRONMENT AND FARMING IA COMPANY LIMITED BY GUARANTEEI TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 The key risks that have been identified by the Trustees include.. achieving insLJfficienl income lo meet (he Trustees, largel expenditure over the penod of the strategic plan-, being unable lo respond quickly lo a need to reduce expenditure., a loss of influence al a Government policy level.. losing key staff and volunteers- the implieAlions of Br6xil', and strictions resulting from the coronavlnJs pandemlc. Through the risk management process, the Truslees are satisfied that the risks have been identified and adequately mitigated. 11 is recognised that syElems can only provide reasonable and nol absolute assurance thal major risks have been adequately managed. Publlc beneflt When planning Ihe charilable aclivities. reviewing our strategic aims and objectives and al Trustees meetings. LEAF'S Trustees have paid attention lo the Charity Commission's guidance with regards to our public benefit. OBJECTNES AND ACTIVITIES LEAF'S charlty objgctlves In 2012 LEAF rewsed its charilable objectives to reflect the global reach of the organisalion. The tharitvs objects now read.. 'The Chat7ty's objects (Ihe objecls.) are in Ihe United Kingdom and throughout the World lo pmmole and impffjve agricutture, horticutture and other types of farming and raise standanls of praclice in fann m8n8gement lor the public benefit, in particular by the pn)molion and advancement of Ihe education of fam7ers and the general public conceming methods of fam? management which conserve and enh8nce the fabric 8nd ￿ld1rfe of Ihe countryside.. LEAF runs an exciting and bold programme. working Wtth partners across the global food chain lo deliver sustainable production systems in food and farming and to encourage a healthy and thriving society. Ils aims are ambilious lo take the messages. skills and experience of LEAF, our members, partners and farmers that we develop throughoul the UK, to Europe and Ihe wortd. Furthermore, in delivering such practices, a key part of our work is lo create richer connection be￿een famiers and the general public. The success of LEAF Open Fami Sunday and our on going demonstration. education and outreach activities Ihroughoul the year means that we host visits for thousands of members of the public out on fami, building trust and understanding of how our lood is produced and our relalionship with the environmenl. LEAF is an inclusive organisalion benefiting Irom the close and active involvement of many volunteers who have passion for fanning and the environment. Through our LEAF Education actsvilies. we inspire and connect future generalions about farming and food production. through a range of aclivilies including Farmer Time. Farming Fortnight, LEAF Open Fam Sunday. farm visits. Demonslralion sch￿4$ and an extensive range of farming themed teaching resources across all key stages. delivered through the Countryside Classroom online rtal. A full breakdown of our main activities caryied out throughout the year follows. We have committed a substantial amount of our resources in terms of funding and also voluntary lime in ensuring that we suc￿$ShIllY deliver on our charitable objectives as well as Iwk ahead to what is next on the horizon. LEAF is a membership based charity developing and promoting resFonsible. realistic farming systems through the advancement of Inlegraled Farm Management {IFMI. LEAF was founded in 1991 and specialises in communicating best business and environmental farm practice lo farmers. the agricullural and fcM)d industry and engaging with non famiers. Based in Sloneleigh, WaNickshire, LEAF works in the UK and inlemationally. Over the last 29 years we have encouraged fafmers. Government and other agencies lo research. adapt and adopt Inlegraled Fami Management IIFMI. Today, IFM is widely reccgnised across the 9lobe as a vehicle for the delivery of more sustainable farming systems. Page 5

LINKING ENVIRONMENT AND FARMING IA COMPANY LIMITED BY GUARANTEEI TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 The new Strategy 12021-20311 provides the backbone for LEAF to set performance targets, identify niches. collaborate with others and ensure the organisalion njns effectively through an efficient management and committee structure as we ende8vour lo encourage the development of sustainable production. Our vlslon A global lamiing and food system that delivers Cllmate Posltlve a￿lOn, builds resilience and supports the hoalth, dlverslty and •nrfchm6nt of our food, fam)s, the environment and society. Our mSsslon To inspire and enable more arcular approaches lo farming and food systems through Intègrated, r&g8nèratlv6. and vlbrant natur84>as8d solutlons, that deliver productivity and prosperity among farmers. enriches the environment and positively engages young people and wider society. As a charity we strve lo deliver the best posslble value for our members and partners in everything we do. We focus our resource on a range of priorities that deliver our key objeelives and we are heavily reliant on a dedicated staff and many volunteers. This C￿r￿nt strategy sets out our strategic priorities, and refle¢ls the changing global environment that we find ourselves in. Thfr LEAF stralo9l¢ plan- sets out our aspiralions for a more suslainable approach lo food. famiing and consumption. guides our wot* and focus our priorities., inspires our staff and volunteers- infomis and engages others in our work and arnbibons.. and forms the basis lor our business planning. Our strategy prlorltles LEAF works wth famiers, the food industry. SCIen￿Sts, envbronmenlalists. teachers, young people and consumers lo deliver productfvity and prosperity among our farmers, enrich the environment and engage w)ung ople and society in a valuable and meaningful way. We deliver against 8 commltments. through 3 cross- cuttlng themes (Health. Dlverslty. Enrlchment) and 3 core work streams, namely.. Facllltstlng knowledge generatlon & exchange amongst farmers and researchers through our netsvork of LEAF Demonstration Farms and Innovauon Centres-, fami business management tools and events. Developing market opportunities Ihrough the LEAF Marque global environmental assurance system. Educatlng and Engaglng young p8oplè and wSder $oclety In sustalnable food and farrnlng through our LEAF Educaliori 8th1v￿e$. KEY ACHIEVEMENTS AND PERFORMANCE Throughout the financial peri¢)d 1st April 2020 to 31 sl March 2021, our activities have focused on our 3 core workstreams. Key highlights included.. Facllltatlng knowledge generation and •xchange Launched on-line ￿¥0 new LEAF Demonstration Farms showcasing exemplar sustainable famiing practices Nonington Famis in Kent and The Jersey Royal Company. Jersey. Adapled our hugely F)opular 24ay IFM training course lo an online fomiat. Ran a fortnightly series of members, surgeries, and technical podcast and webinars and representatives from the LEAF Network attended numerous virtual industry meetings Ihroughoul the year. Conlinued lo work partners across Europe in a number of Horizon 2020 funded projects exploring a variety ol issues including intércropping, carbon sequeslrats'on, water rnanagem8nl and on-fami demonslralion. Expanded our Simply Sustainablé sèriès of t&chnie21 guidance bookl81$ th6 launch of 'Simpty Sustainable Integrated Pest Management,. Page 6

LINKING ENVIRONMENT AND FARMING IA COMPANY LIMITED BY GUARANTEEI TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 Held virtual Field Days wlh a number of our Industry partners Includlng Agricology, Innovative Famiers and WRAP looking al intercropping. Integrated Pest Management and waste management. Devebping market opportunities Introduced Claims and Labelling as th8 new m8chaDism to regulate certificatson daims to ensure robustness ofthe LEAF Marque System. Slrenglhened many of our Industy Partnerships wrth Waitros8, th8 Jordans Fami Partnership. Tesco. Vttacress and Corteva as part of the Ready and Resilient programme. Continued involvement in the design of E.L.M.S Test and Trials. Ongoing work on the Island of Jersey wlh all ils dairy and arable famiers, who are all LEAF Marque ￿rtffjed. Launched our Global Impacts Report showing continued growth and prcrfjress. LEAF Marque businesses operate in 21 countries wortdwde and. in 2020, 45% of UK fruil and vegetables were produced on LEAF Marque famis. 42°k of LEAF Marque famis routinely measure soil organic mall8r. 39°k use a cartjon footprint tool and 670h use energy derived from one or more renewable sources. We r8spondod quickly lo the Coronavirus pandemic lo ensure the heallh and safety of our LEAF Marque growers and auditors by offering remote audits. Al the time of wrtting, these wnlinue. Delivered a number of LEAF Marque online training ev8nls. Educating and Engaglng thè public in sustainable food and farming Continued work with schools, teachers. trainee teachers, farmers and parents lo educate and connect young people with faming, how their lood is produced and Ihe natural environment. LEAF Open Farm Sunday could not go ahead in June 2020, bul we responded quickly and held 2 hugely successful virtual events in June and September, involving virtual fami lours and a programme of talks around biodiversity, suslainability and food provenance. Regional Education Consultants, whilsl nol being able lo organise farm visits or go into schools, continued lo deliver imaginative virtual leaming programmes wth schools across the UK and support faffliers in their aducation outrèach. Developed new resources and updated existing resources designed specifically for home leaming available from the Countryside Classroom websile, which saw 8 770k increase in users. Farmer Time played an even more important role in enabling ￿Ung people to see the realities of fam lrfe in a safe way. We saw a doubling in the number of children we reached Ihrou9h Famier Time. Farming Fortnight a ￿0-week celebiation ol farming offered schcols a wealth of free fanning Ihemed resources across all key stsges. Launched 3 new LEAF Educalv)n Demonslralion Schrwjls showcasing best practise in food and farming du¢atson. Governanc• LEAF'S Board of Trustees is responslble for the overall Governance of the charity. 6 board meetings have been held. together wlh initially weekly and now every three-week meetings with Ihe Chairmen and Vice-chaimian of LEAF and LEAF Marque and Ihe CEO and COO throughout the COVID-19 pandemic. LEAF'S new len-year stralegy12021-20311 was fomially launched in November 2020_ Bullding on LEAF'S core capabilities and strengths it is an advancement of our work in developing and demonstrating more sustainable agrfcullure through Integrated Farm Management and Ss based around the princbples of Circular Agriculture. The LEAF Sub Commbttees continue lo inform LEAF policy and strategic thinking to ensure we are deliverbng on our objectlves and retaln robustness and transparency. FINANCIAL REVIEW Whilst the Charlty took a decision based on existbng reserves and the Fotential negats've effects of Brexit on the fc¥)d and famiing sectors to increase its reserve level to pemiit further 'inveslment Sn growth. during the previous financlal year, It had not foreseen the effects of the global pandemic. As Ihe pandemic unfolded the Trustees tCw)k Ihe declsion lo more frequently revlew business aclivily, tts impacts, turnover, cash flows and reserve levels Page 7

LINKING ENVIRONMENT AND FARMING IA COMPANY LIMITED BY GUARANTEEI TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 the Trustee's primary focus was to ensure LEAF'S longer terni suslainability post pandemic and noting the effect of Brexit were still unknown. As a result, the charity has experienced an increase in its income this year and subsequently a nel increase in funds of £323,76212020.' increase of £27,197). This is in comparison lo the planned budgeted nel increase in funds of £136,234. The charity looks lo use the budget as ils main key Performan￿ indicator and any improvement in income or reduction in expenditure is looked upon favourably. LEAF Marque Limited made a profit of £Nil 12019: £Nill during the year, after a grfi aid donation lo LEAF of £38,970 {2020: £23,158), giving rise to net assets of £5.08312020.' £5,083). Insurance Insurance has been taken out by the charity under Section 232121 of the Companies A￿ 2CQ6. costing £1.760 {2020'. £1.7601 for ils Iruslees and officers against liabilities In relation lo the charity. Ro$orvos The TfUStee$ have set a reserves policy which reqUI￿S reserves lo be maSnlained at 8 level which ensures LEAF'S core aelivity could eonlinue during a period of unforeseen difficulty lof not less than 4 months) and reserves be maintained in a readily realisable fomi. The ¢al¢ulalion of the required level ol reserves is an integral part of the organisation's planning. budget, and forecast ¢y¢le. 11 considers risks asx¢ialed with each stream of income and expenditure being drfferenl from that budgeted, planned a¢livily levels and the organisalions commitments. The reserves levels are dosely monitored as part of the management reporting and Trustee's will adjust policy dynamically by resolution in line with the asso¢ialed risks. The current reserve$ F￿11¢Y aims for minimum free reserves of £600,000 12020.. £505.0001. Additionally, the Trustee have designated £100,000 of Current free reserves lo Caparyly and ￿pabIlIty rebuilding post pandemic. Actual free undesignated reserves al 31 March 2021 were £891,12612020'. £616,172). Inve¥tmeDt pollcy Any surplus lunds are placed on short temi deposit. Golng concern After fflaking appropriate enquiries. Ihe Trustees have 8 reasonable expectstion thal the charity has adequate resources lo continue in operational existence for the foreseeable fvlure. For this reason they continue to adopl the going concem basis in preparing the financial stalemenls. Further details regarding the adoption of the going concem basis can be found in the Accounting Policies INole 2,21. PLANS FOR FUTURE ACTIVITIES 2021 is a significant and speaal year, not only for LEAF as we ￿lebrate our landmark 30th anniversary bul also for UK farming as we transition away from the CAP and look al ways lo meet global carbon reduction targets. We are also heading towards COP26 later this this yEar, which will bring logether world leaders to accelerate dimate aclion. LEAF Marque businesses are making outslanding achievements in delivering more sustainable famiing and these hugely significant worfd events and campaigns only serve to amplify the importance and relevance of LEAF'S work in supporting farmers towards more climate positive, regenerative and sustainable fa￿lling and fo)d systems. Our members and growers are al the cutting edge of delivering the changes that are needed. Added lo this, the retail seclor are themselves setting their environmental targets, F(*>J standards and safety, animal welfare and environmental protection are global issues, with consumers, fCfv￿ companies and govemmenls all over the world looking lor more sustainable methods of production. Through our strong links with the main multiples and the important advocacy role LEAF plays, we wll continue lo ensure that the voice of our members is heard,. that the righl balance is struck belween the needs of famers and what is achievable al grass roots level, wilh those of our planel and our plates. Our success in the field of education has also been remarkable and provides a ￿)Ild foundation on which we will Page 8

LINKING ENVIRONMENT AND FARMING IA COMPANY LIMITED BY GUARANTEEI TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 nlinually build. Scaling up our reach. quanti￿.n9 and measuring results will be a priority in the year ahead. This will require us lo develop deeper and extended business partnerships and new business models. In so doing, we will need to invest heavily in building capaaty and capability lo meet the increasing demands of such partnerships. Our new 10 Year Strategy is paving a dear way forward and we are uniquely positioned as we navigate the next critical few years. STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS The Trustees who were in office on the dale of approval of these financial statements have confim)ed, as far as they are aware, that there is no relevant audit information of which the auditors are unaware. Each of the Iruslees have confirmed that they have taken all the steps that they ought lo have taken as Iruslees in order lo make themselves aware of any relevant audit information and lo establish that il has been communicated lo the auditors. AUDITORS The audht0￿. Bishop Fleming LLP. have indicated theSr wllingnes$ to ¢<￿tInue in offi￿. A resolution Concering the apF￿IntMenI of auditors for the ensuing year will be proposed al the Annual General Meeting. By order of the Board Approved by order of the members of the board of Trustees and signed on their behalf by.. PGWynn Chair of Trustees Oale: 2019121 Page 9

LINKING ENVIRONMENT AND FARMING IA COMPANY LIMITED BY GUARANTEEI INDEPENDENT AUDITORS. REPORTTO THE MEMBERS OF LINKING ENVIRONMENT AND FARMING OPINION We have audited the financial statements of Linking Environment And Fa￿Ing (the 'parent charitable companVI and ils subsidiaries Ithe 'group'l for Ihe year ended 31 March 2021 which comprise the Consolidated Statement of Financial Activities, the Consolidated Balance Sheet, Ihe Charity Balance Sheet, the Consolidated Statement of Cash Flows and the related notes, including a summary of signilicant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. (United Kingdom Generally Accepted Accounting Practice). In our opinK)n the financial statements.. give a true and fair view of the slate of the GfOUP'S and of the parent charitable coMpan￿S affairs as al 31 March 2021 and of the Group's incoming resources and application of resources. including its income and expenditure lor the year then ended., have been properly prepared in accordance wlh United Kingdom Generalty Accepted Accounting Praelicé: and have been prepared in 9¢¢ordan￿ ￿1th the requirements of the Comp8nie5 Ad 20C6 and the Charities Act2011. BASIS FOR OPINION We tonducled our audit in accordance with Inlemational Standards on Audits"ng IUKI IISAS IUKII and applieab16 law. Our responsibililies under Ihose standards are further described in the Auditors, responsibilities for the audil of the financial stalemenls seth.on of our r8POrt. We are independent of the Group in accordance with the ethirAI r8qLJiremenls that are relevanl to Dur audit of the financial statements in the United Kingdorn, including the Financial Reporting Council's Ethical Standard, and w8 have fulfilled our other ethical responsibililies in accordance wilh these requirements. We believe that the audit evidenc8 we hav8 obtained is sufficient and appropriat8 to provide a basis for our opinion. CONCLUSIONS RELATING TO GOING CONCERN In auditing the financial statements, we have conduded that the Trustees. us8 of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have p8rformed, we have not idenlrfied any ma18rial uncertainties relating 10 8vents or conditlons that, individually or collectively, may cast significant doubt on Ihe Group's or the parenl charitable companls ability to continue as a going concem for a period of at leasl Iwelve monlhs from when the financial stslements are authorised for Sssue. Our responsibilities and the responsibilities of the Trustees ￿th respecl to wng concem are described In the relevanl sections of Ihis report. Page 10

LINKING ENVIRONMENT AND FARMING IA COMPANY LIMITED BY GUARANTEEI INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF LINKING ENVIRONMENT AND FARMING (CONTINUED) OTHER INFORMATION The other infomialion comprises the information included in the Annual Report other than the financial stslements and our Auditors. Report thereon. The Trustees are responsible for the other infomialion conlained within the Annual Report. Our opinion on the financial slatements does not cover the other inforynation and. except lo the extent otherwise explicitly staled in our report, we do not express any fom of assurance condusion thereon. Our responsibility is lo read the oiher information and, in doing so, consider whether the olher informalion is materially inconsislenl with the financial statements or our knowledge obtained in the course ol the audit. or otherwise appears lo be materially misstated. If we identify such material inconsistencies or apparenl material misslalemenls. we are required lo determine whether Ihis gives rise to a material misslalemenl in the financial statements themselves. If. based on the work we have perfomied. we conclude that there is a material misslalemenl ol this olher information, we are required lo report that fact, We have nothing to report in this regard. OPINION ON OTHER MATTERS PRESCRIBEO BY THE COMPANIES ACT 2006 In our opinion, based on the Wofk undertaken in the course of the audit.. the inlomialion given in the Trustees. Report for Ihe financial year for which the financial stslemenls are prepared is consistent with the financial stslements. the Trustees. Report has been prepared in accordance with applicable legal requirements. MAThERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION In the light of our knowledge and understanding of the charitable company and its en￿ronment obtsined in the course of the audit. we have not identified material misslalemenls in the Trustees. Report. We have nothing to report in ￿SpeCt of the followng matters In relat￿n to whlch Companies Act 2006 requires us lo report to you if, in our opinion". the parent charitable eompafty has not kept adequate and sufficient accounting ￿Cords, or retums adequ818 for our audit hav& not been received from branches not visited by us,. or the parent chartlable company financial stslements are not in agreement wth the accounting records and relums". or certain disclosures of Trustees, remuneration specrfied by law are not made; or we have not received all the infomiation and explanalions we r8quire for our audit- or the Trustees were not entitled lo prepare the financial statements in accordance with the small companies regime and lak8 advantage of the small compani83' ex8mplions in preparing Ihe Truslees, Report and from the requireiTTrenl to prepare a Strategic ReF)Ort. RESPONSIBILITIES OF TRUSTEES As explained more fully in the Trustees, Responsibilities Statement, the Trustees Iwho are also the directors of the charitable company lor the purposes of company lawl are responsible for the preparalion of the financial stslements and for being satisfied Ihal they give a true and fair view. and for such inlemal control as the Trustees determine is necessary lo enable the preparation of financial statements that are free from material misslalemenl, whether due lo fraud or error. In preparing the finanual slalements, the Trustees are responsible for assessing the Group's and the parent charitable company's ability lo continue as a going concern, disclosing, as applicable, matters related lo going concem and using the going concern basis ol accounting unless Ihe Trustees eilher intend lo liquidale the Group or the parent charitable company OT lo cease operations. or have no realistic allemative bul to do so. Page 11

LINKING ENVIRONMENT AND FARMING IA COMPANY LIMITED BY GUARANTEEI INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF LINKING ENVIRONMENT AND FARMING (CONTINUED) AUDITORS. RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS Our objeclives are lo obtain reasonable assurance about whether Ihe financial slalemenls as a whole are free from malerial misstatement, whether due lo fraud or error, and lo issue an Auditors. Report Ihal includes our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will always delecl a material misslalemenl when It exists. Misslatemenls can arise from fraud or error and are considered material if, individually or in the aggregate. they could reasonably be expected lo influence the ecor￿MiC decisions of users taken on the basis of these financial slalemenls. Irregularities. including fraud. are Instar￿eS of non-compliance with laws and regulations. We design procedures in line wlh our responsibilities. oulined above, lo delect malerial misslalemenls in respecl of irregularities. including fraud. The extenl to which our procedures are capable of delecling irregularities. induding fraud is detailed below.. Wa hav6 considèred the naluro of the sector. ¢ontrol ènvironmènt and finandal perfoMan￿., We have considered the resuhs of enquiries with management and member5 in relation lo their idenlifieation and assessment ol the risk of irregularities within the entity,. and We have reviewed the documentslion of key processes and controls and perfomied w81kthroughs of transaclions to confirm that the systems are operating in line with documentation," and We have considered Ihe matters discussed among the audil engagemenl team regarding how and where fraud might occur in Ihe financial statements and polenlial indicators of fraud. As a result of these procedures, we have consldered the opportunities and incentives that may exist within the organisab'on for fraud and Identified the highest area of risk lo be In relallon lo revenue recognitlon. with particular risk in ￿lation lo year-end cul off. In common wtth all audits under ISAS IUKI we are also requlred lo Ferfom specffic procedures to respond to the risk of management override. We have also obtsined understanding of the legal and regulatory frameworks that the Group operates in, focusing on provisions of those laws and regulations that had a direct effect on the detemiinalion of material amounts and disclosu￿S in the financial slatemenls. The key laws and regulations we conSide￿d in this context Included the Charitses Act 2011, Chartty SORP 2019, FRS 102 and the lems and conditlons attaching to material grants received by the Charity. In addition, we considered the provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental lo the Group's ability to operate or avoid material penalty. These included data protection regulations, health and safety regulations and employrnent legis18ti0n. Our pn)cedures lo respond to risks identified included the following.. Reviewing the financial statement disdosures and lesling to supportirbg documentstion to assess compliance th provisions of relevanl laws and regulations described as having a direct effect on the financial statements. Performing analyts"¢al procedures lo Identify unusual or unexp8¢18d relalonships that may indi¢ale risks of material misstslement due to fraud., Reviewing board meeting minutes: Enquiring of management in relation to actual and potentlal claims or I￿gatIons., Perfoming delailed Iransaclional testing in relation lo the recognib'on ol revenue. speafically grants, wth particular focus around year-end cul off,. and In addressing the risk of fraud U)rough management ovethde of controls, testing the appropTialeness of journal entries and other adjuslments,. assessing whelher the judgments made in accounting estimates are indicative ol potential bias- and evaluating the business rationale ol significant Iransacts'ons that ar8 unusual or outside the normal course of business. We also communicated idenlified laws and regulalions and polenlial fraud risks lo all members of the engagement team and remained alert lo possible indicators ol fraud or non-compliance with laws and ulalions Ihroughoul the audil. Page 12

LINKING ENVIRONMENT AND FARMING IA COMPANY LIMITED BY GUARANTEEI INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF LINKING ENVIRONMENT AND FARMING (CONTINUED) As a result of the inherent limitations of an audit, there is a risk that not all irregularities, including a material misstatement in finan￿al statements or non-compliance with regulalion, will be detected by us. The risk increases Ihe further removed compliance with a law and regulation is from the events and transactions reflected in the financial slalements, given we will be less likely lo be aware of il. or should the irregularity occur as a result of fraud rather than a one off error, as this may involve intentional concealment, forgery, collusion. omission or misrepresentation. A further description of our responsibiltties for the audit of the finanaal statements is located on the Financial Reporting Council's website al.. www.frc.o klaudito onsibilities. This description forms part of our Auditors, Report. USE OF OUR REPORT This ￿pOrt is made solely lo the Charitable companls member$, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. and lo the charitable compan￿$ Iruslees, as a body, Part 4 of the Charities {Aecounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might stale lo the charitable ¢ompanVs members those m8llers we are required lo stale lo them in an Auditors, Rewrt and for no other Purpose. To the fullest exlenl pemitted by law. we do not a¢¢epl or assume responsibility lo anyone other than the charitable company and ils members, as a t)ody, for our audit work, for this reF)Ort, or for ltte opinions we have fomied. Andr8w Wood FCCA {Sgnlor Statutory Audltorl for and oll behalf ol Blshop Flemlng LLP Chartered AccoLJntants SLilutory Audilofs 1-3 College Yard Worcester WR1 2LB Oale= 14th October 2021 Page 13

LINKING ENVIRONMENT AND FARMING IA COMPANY LIMITED BY GUARANTEEI CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES {INCORPORATING INCOME AND EXPENDITURE ACCOUNT} FOR THE YEAR ENDED 31 MARCH 2021 Unrestricted funds 2021 Restricted funds 2021 Total funds 2021 Total funds 2020 Note Income from: Donations and legacies Charitsble activities Other trading activities Investments 98,204 1,186.705 134,131 242 31,509 249.037 129,713 1.435.742 134,131 242 96.083 1,398.805 131.650 913 Total Income Expenditure on: Raising funds Charitable activities 1.419,282 280,546 1.699,828 1,627,451 101,127 1,054.7S8 101,127 1,274,939 128.625 1,471.484 220.181 Total ex￿nditUre Not Income before net 108ses on Investments 1.155,885 220,181 1.376,066 1,600.109 263,397 60,365 323,762 27.342 Nal h)ssas on inv6stments {145) Net Incoma Transf6rs between funds 263,397 18,000 60,365 118,0001 323,762 27.197 21 281.397 42,365 323,762 27.197 Net movement in funds Reconciliation of funds: Totsl funds brought forward Nel movement in funds 676,110 281.397 740,954 323,762 713,757 27.197 42.365 957,507 107,209 1,064,716 740.954 Total fvnds ¢arrSfrd forward Page 14

LINKING ENVIRONMENT AND FARMING IA COMPANY LIMITED BY GUARANTEEI REGISTERED NUMBER,'03035047 CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2021 2021 2021 2020 2020 Note Fixed assets Intangible assets Tangible assels Investments 13 14 15 11,879 54,647 321 20.153 39,785 321 66,847 60.259 Current assets Deblors Cash al bank and in hand 16 467,502 1,111.151 472,817 522,094 1,578.653 994,911 Creditors.. amounts falling due wf(hin one year 17 (580.784) {303,8181 Not Currfrnt a$sots 997,869 691.093 Total assets l•s¥ currnnt Ilabllitles 1,064,716 751.352 Creditors.. amunls falling due after mre than one year 18 110.398) Total Dgt assets 1.064,716 740.954 Charlty funds Restricted funds Unr8Stricted funds 21 21 107.209 957,507 64.844 676,110 Total funds 1.064.716 740,954 The Twstees ad(no¥￿edge their respons1bill￿es for ￿Mpl￿ng ￿th the requirements of the Act wrth ￿SpeCt lo accounting records and preparation of financial statement$. The financial slatemenl$ have been prepared in accordance with the prowsions applicable lo entities subject lo the small companies regime. The finanoal stslemenls were approved and aulhorised for issue by the TNslee$ and signed on their behatf by.. PGWynn Chair of Trustees Dale= 2019121 The notes on pages 18 to 43 form part of these financial statement5. Page 15

LINKING ENVIRONMENT AND FARMING IA COMPANY LIMITED BY GUARANTEEI REGISTERED NUMBER,'03035047 CHARITY STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 31 MARCH 2021 2021 2020 Note Fixed assets Intangible assets Tangible assels Investments 13 14 15 11,879 54,647 322 20.153 39,785 322 60.260 Current assets Deblors Cash al bank and in hand 16 499,092 1,070,481 495,668 489,443 1,569.573 985,111 Creditors.. amounts falling due wf(hin one year 17 (576.787) {299.1011 Not Currfrnt a$sots 992,786 686.010 Total assets l•s¥ currnnt Ilabllitles 1,059,634 746.270 Creditors.. amunls falling due after mre than one year 18 110.398) Not assets excludlno ponslon a$s•t 1.059.634 735.872 Total net assets 1.059.634 735,872 Charity funds Restricled funds Unrestrbcted funds 21 21 107,209 952.425 64.844 671.028 Total funds 1.059,634 735.872 The Charitys nel movement in funds for the yEar was £323.76212020- £27,197). The Trustees acknO￿edge their responsibilities for complwng wth the requirements of the Act with respect to accounling records and preparation of financial statements. The financial statements have been prepared in accordarbce with the prowsions applicable lo ents'ties subject to the small companies regime. The finanaal statements were approved and aulhorised lor issue by the Trustees and signed on their behalf by: PGWynn Chairman Dale: 2019121 The noles on pages 18 10 43 form part of these financial slatements.

LINKING ENVIRONMENT AND FARMING IA COMPANY LIMITED BY GUARANTEEI CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2021 2021 2020 Cash flows from operaling activities Nel cash used in operats.ng aclivilies 653,357 154.3051 Cash flows from invosting activitifrs Inve$lmenl income Purchase of intangible assets Purchase ol tangible fixed assets 242 116,931) 134.957) 913 15.654) 16,525) Not ¢a$h u$frd In Invostlng a¢tlvltle$ 151.646) {11,2661 Cash flows from financing activiti Interest element of hire purchase contracts Capital element of hire purchase contracts {1.3351 111,319) 12.222) 111.759) Not cash used in financing activities 112.654) 113,9811 Change In cash and cash equlvalents In the year Cash and cash equivalents al the beginning of the year 589,057 (79,5521 601,646 522,094 Cash and cash equivalenls at tho end of the year 1,111,151 522.094 Th6 nolas on pages 18 10 43 form part of th6s8 financial statemants Page 17

LINKING ENVIRONMENT AND FARMING IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 GENERAL INFORMATION Linking Environment and Farming is a charitable company limited by guarantee incorporated in England & Wales and domiciled in England. The registered office is National Agricultural Centre. Stoneleigh Park, Kenilworth, Warwickshire. CV8 2LG. The charitable companrfs registered number is 03035047. In the event of the charity being wound up. each member has undertaken to contribute towards its liabilities a sum of not exceeding ten pounds. The charity is registered as a charity, no 1045781. with the Charity ComissK)n and is exempted from Corporation Tax on ils income in the year. ACCOUNTING POLICIES 2.1 BASIS OF PREPARAnON OF FINANCIAL STATEMENTS The financial statements have been prepared in accordance with th8 Charits"es SORP IFRS 1021 A¢counting and Reporting by Charities= Slalem6nl of Recommended Practice applicable lo charilies preparing their accounts in accordance with th6 Financial Reporling Standard applicable in Ihe UK and Republic ol Ireland IFRS 1021 (effective 1 January 20191. the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) and Ihe Companies Act 2006. Linking Environment And Farming meets Ihe definilion of a public benefit enlily under FRS 102. Assets and liabilities are initially recognised al historical cost or transaction valu8 unless otherwise staled in the relevant accounting policy. The presentat￿ curr8ncy for th8 group and th8 charltsble company during Ihe y8ar was Sterling, and are rounded lo the n8ar8sI £1. The Consolidated Statement of Flnancial Actlvities (SOFA) and Consolidated Balance Sheet consolidate the financial sialemenls of the Charity and ils subsidiary undertaking, LEAF Marque Limited, for the year. The results of the subsidiary are consolidated on a line by lin8 basis. The Charity has taken advantage of Ihe exemption allowed under seclion 408 of the Companies Act 2006 and has not presented ils own Slalemenl of Financial Activits"es in these financial sialements. Page 18

LINKING ENVIRONMENT AND FARMING IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 ACCOUNTING POLICIES Icontlnu•d) 2.2 GOING CONCERN The trustees have reviewed all informalion available lo them and do not consider there to be any significant doubts about the charilable companls ability lo conlinue as a concem. These financial slalemenls have therefore been prepared on Ihis basis. The Trustees have prepared budgets and cash flow forecasts lo for a pericKJ of at least 12 months following the dale ol approval of the financial slalemenls. The group has a nel asset value as al 31sl March 2021 of £1,064,716 12020.. £725,954) and cash al bank and in hand of £1,111.151 12020.. £522,094>. On Ihis basis the financial stalemenls have been prepared on a going con￿rn basis. The Trustees, assumplions and oulook consider the impact and uncertainty thai the COVID-19 pandemic may have on the group. Updated projections have been pul in place that consider a worst- case scenario in order lo make sure the charitable company continues during these unprecedented times. This is being monilored on a weekly basis. The Trustees have also taken advantage of the govemmenl assistance, mainly the Coronavirus Job Retention Scheme. The financial statemenls do not reflect the adjustments that woukl te necessary should the abilty of the Charitable Company to operate be jeopardised due lo a material issue with the availability of its work locce. the level of demand lof ils seryices or a material decrease in revenues or grant lundin9. 2.3 FUND ACCOUNTING General funds are unreslricled funds which are available for use at the discretion of the Truslees in furtherance of the general objectives of the Group and %thich have not been desTrgnaled for other purposes. Designated funds comprise unreslricled funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the noles lo the financial stalemenls. Restricted funds are funds which are lo be used in accordance with specrfic reslriclions imposed by donors or which have been raised by Ihe Group for particular purposes. The costs ol raising and administering such funds are charged against the specific fund. The aim and use of each reslricled fund is set out in the notes lo the financial statements. Investment income. gains and losses are allcKaled lo the appropriate fund. Page 19

LINKING ENVIRONMENT AND FARMING IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 ACCOUNTING POLICIES Icontlnu•d) 2.4 INCOME Volunlary income including donations and grants that provide core funding or are of a general nature are recognised when there is enlillemenl. certainty of receipt and Ihe amount can be measured wlh sufficient reliability. Income is only deferred when the donor specffies thal the grant or donation can only be used in fuiure accounting periods or the donor has imposed condilions which musl be met before the charity has uncondrtional entitlement. Inveslmenl income is accounted for when receivable. Commissionlmembership income is accounled for, in lull, when received. Grants are induded in the Consolidated Slalemenl of Finan(Mal Aclivilies on a receivable basis. The balance of income received for specilic purposes but not expended during the period is shown in the relevant funds on the Balan￿ Sheet. Where income is received in advance ol enliuemenl ol receipt. its recognition is deferred and included in creditors as deferred income. Where enlillement occurs before income is received, the income is accrued. Income lax recoverable in relation to investment income is recognised at the time the investment income is receivable. 2.5 EXPENDITURE Expenditure is fecognised on an accruals basis when a liability is incurred. Contractual arran9ements and performance related grants are recognised as gcods or services are supplied. Support costs include central functions. Govemance costs indude those incurred in th& governanc4 of the charity and its ass8ts and are primarily aSs￿lated with C4)nslilutional and slaulory requirements. Expenditure is recognised onc6 there is a legal or constructive obligation to Iransfer economic benefit to a third paty. il is probable thal a Iransfer of economic benefits will be required in selllemenl and the amount of the obligation can be measured reliably. Expenditure is dassified by activity. The costs of each activity are made up of the lotal ol direct costs and shared costs. including support costs involved in undertaking each aclivily. Direct cosis allribulable lo a single activity are allocated directly to that aclivily. Shared costs which conlribule to more than one activity and support costs which are nol attributable lo a single activity are apportioned between those activities on a basis consislenl with the use of resources. Central staff costs are allocated on the basis of time spent. and depreciation char9es allocated on the portion of the asset's use. Expenditure on raising funds indudes all expenditure incurred by the Group lo raise funds for its charitsble purposes and indudes costs of all fundraising activities events and non<haritable trading. Expenditure on charitable activrties is incurred on directly undertaking the activities which further the GfOLlP'S objectives, as well as any associated support costs. Page 20

LINKING ENVIRONMENT AND FARMING IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 ACCOUNTING POLICIES Icontlnu•d) 2.6 INTANGIBLE ASSETS AND AMORTISATION Intangible assets are initially recognised at cost, After recognition, under the cost model, intangible assets are measured al cost less any accumulated amortisalion and any accumulated impairment losses. Intangible assets are amortised on a straight line basis over their eslimaled useful life. The carrying value of intangible assets is reviewed for impairment if events or changes in CIr￿mstanceS indicate Ihe carr￿ng value may not be recoverable. The estimaled useftjl lives are as follows.. Amortisation is provided on the fdlowing basis: Website development 3 yEars 2.7 TANGIBLE FIXED ASSETS AND DEPRECIATION Tangible fixed assels costing £250 or more are capilalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised al cost. After recognilion, under the cost model. langible fixed assets are measured al cost less accumulated depreciation and any accumulated impairment losses. Ml costs incurred lo bring a tsngible fixed asset into its intended working condition should be induded in the measurement of cost. Depreciation is charged by equal annual inslalments commencing wth the dale of acquisition al rates eslimaled lo write off their cost less any residual value over their expected useful lives which are as follows: Long-lemi leasehold property improvements Molor vehicles Fumilure and equipment Over th& life of th8 lease 5 years 3- 10 years 2.8 GOVERNMENT GRANTS Govemmenl grants relating to tangible fixed assets are Irealed as deferred income and released lo the Consolidated Statement of Financial Activities over the expected useful lives of the assets concemed. Other granls are credited to the Consolidated Slalemenl of Finanaal Activities as the related expenditure is incurred. 2.9 INVESTMENTS Fixed asset investments are a form of finanaal instrument and are reccJnised at mid-matel value at the balance sheet dale. 2.10 RETIREMENT BENEFITS The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity lo the fund in respect of the year. Page 21

LINKING ENVIRONMENT AND FARMING IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 ACCOUNTING POLICIES Icontlnu•d) 2.11 INTEREST RECEIVABLE Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Group: this is normally upon nolification of the inleresl paid or payable by the insliluts'on wth whom Ihe funds are deposited, 2.12 FOREIGN CURRENCIES Monetary assels and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling al the reporting date. Transactions in forewJn curren￿eS are translated into slerfing al the rale ruling on the dale of the transaction. Exchange gains and losses are recognised in the Consolidaled Statement of Finanaal Activities. 2.13 HIRE PURCHASE AGREEMENTS Assets obtained under hire purchase contracts are capitalised as tangible fixed assets at their fair value. Assets acquired by hire purchase are depreciated over their useful lives. The capital element of the lulure payments is Irealed as a liability and the interest is charged to the Consolidated Stsiemenl of Finanual Activrties on a straight line basis. 2.14 OPERATING LEASES Rentals pa￿ under operating leases are charged lo the Consolidated Statement of Financial Activities on a straight line basis over the lease temi. 2.15 DEBTORS Trade and other debtors are recognised al the selllemenl amount aft8r any Irade discount offered. Prepayments are valued al the amount prepaid net ol any trade discounts due. 2.16 CASH AT BANK AND IN HAND Cash al bank and in hand includes cash and short-lerm highly liquid investments with a short maturity of three months Of less from the dale of acquisition or opening of the deposit or similar account. 2.17 LIABILITIES Liabilities are recognised when there is an obligation al the Balance Sheel dale as a result of a past event, il is probable that a transfer of economic benefit will be required in settlement. and Ihe amount of the setdemenl can be estimated reliably. Liabilities are reccgnised at the amount that the Charity anticipates it will pay to setde the debt after allowing for any trade discounts due or the amount il has received as advanced payThenls for the goods or seNices il musl provide. Page 22

LINKING ENVIRONMENT AND FARMING IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 ACCOUNTING POLICIES Icontlnu•d) 2.18 FINANCIAL INSTRUMENTS The Charity only has financial assets and financial liabilities of a kind that qualrfy as basic financial instruments. Financial assets and liabilities Ihal are measured al cost and amortised cosl are assessed al the end of each reporting period lor objective evidence of impaimienl. If objective evidence ol impaimient is found, an impairment loss is recognised in the Slalemenl of Financial Aclivilies. Financial assets and liabilitEs that are measured ai fair value are delemined using active markel rale. CRITICAL ACCOUNTING ESTIMATES AND AREAS OF JUDGEMENT Eslimales and judgements are conlinually evaluated and are based on historical experience and other factors. includiry expeclalions of future events that are telieved to be reasonable under the circumstances. Critical accounting estimates and assumptions.. The Charity makes eslimales and assumptions concerning the future. The resulting accounting eslimales and assumplions will. by definition, seldom equal the relaled actual results. The eslimales and assumptions that have a significant risk of causing a material adjuslmenl to the carrying amounts of assets and liabilities within the next financial year are discussed below. Critical areas of judg8ment'. The key area of judgement applied when preparing th8 finan￿al statements is around the recognition of income and expenditure relating lo Open Farm Sunday. All income and expenditure relating to Ihe Open Farm Sunday event held in 2021 is fecognised in these financial slalemenls. As the event is nationwide and exlremely unlikely lo be cancelled li.e. il would require a significant force majeure such as extreme wealher for the event lo be cancelled) income and expenditure is non-refundable. Furthemiore. sponsors immediately reap the benelits of their sponsorship throughout the promotion of the event. All income and expenditure is therefore deemed lo occur in the period covered by these financial statements and has n fecognised accordingly. Page 23

LINKING ENVIRONMENT AND FARMING IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 INCOME FROM DONATIONS AND LEGACIES unrestrict￿ Restricted funds funds 2021 2021 Total funds 2021 Total funds 2020 Donations Gov8mment grants 98,204 10.CN)O 21.509 108,204 21.509 96.083 TOTAL 2021 98,204 31.509 129,713 96.083 TOTAL 2020 89,483 6.600 96,083 INCOME FROM CHARITABLE ACTIVITIES Unr8strided Restrictgd fund$ funds 2021 2021 Total fiind$ 2021 Total funds 2020 Membership renewals Sponsorship Projed funding, grants. research and talks Other income and DBS 544,535 289,101 346,765 544.535 393.601 489,632 7,974 547.839 372.887 440.193 37,886 104.500 142.867 1.670 TOTAL 2021 1.186,705 249.037 1.435.742 1,398.805 TOTAL 2020 1,229,969 168.836 1,398,805 Page 24

LINKING ENVIRONMENT AND FARMING IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 INCOME FROM OTHER TRADING ACTIVITIES Incom• from non charitsble tradlng activlties Unrestrictsd funds 2021 Total funds 2021 Total funds 2020 Other income Income from LEAF Marque Limited 2.123 132.008 2,123 132,008 131.650 134.131 134,131 131.650 TOTAL 2020 131.650 131,650 The wholly owned Irading subsidiary LEAF Marque Limited is incorporated in England and Wales {company number 044544681 and pays all of its profils lo the Charity under the Gift Aid scheme. During the year ended 31 March 2020 LEAF Marque Limiled reported income of £140.59412020.' £131.6501 and expenditure of £101,127 {2020_' £108.4921. Gift Aid of £39,46712020'. £23.158) was paid lo the Charity in respect of LEAF Marque Limiled's profil for the year. INVESTMENT INCOME Unrestricted funds 2021 Total funds 2021 Total funds 2020 Diwdends received Interest receivable 15 898 242 242 TOTAL 2021 242 242 913 TOTAL 2020 913 913 Page 25

LINKING ENVIRONMENT AND FARMING IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES Summary by fund type Unrestrlctod Restrictsd funds funds 2021 2021 Total funds 2021 Total funds 2020 Inlegraled Fami Management Education 865,246 189,512 191.503 28.678 1.056,749 218.190 1,081.393 390.091 TOTAL 2021 1,054,758 220.181 1,274,939 1,471.484 TOTAL 2020 1,320,998 150.486 1,471,484 ANALYSIS OF EXPENDITURE BY ACTIVrnES Activitifrs undertaken directly 2021 Support costs 2021 Total funds 2021 Total funds 2020 Integrated Fam) Management Education 959,462 208,488 97.287 9.702 1.056.749 218,190 1,081.393 390.091 TOTAL 2021 1,167,950 106.989 1,274,939 1,471,484 TOTAL 2020 1,290,284 181.200 1,471,484 Page 26

LINKING ENVIRONMENT AND FARMING IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 ANALYSIS OF EXPENDITURE BY ACTIVITIES ICONTINUEDI ANALYSIS OF DIRECT COSTS Integratsd fa management 2021 Total funds 2021 Total funds 2020 Educatlon 2021 Stsff costs Stsff welfare and recruitment Premises Travel and subsistence Hospitality and meetsng costs Training Printing. postage, stationery and telephone PR & marketing Professional and consultsncy fees Web$ile ¢o$ts Subscriptions Repairs and maintenance Field team 688,435 21,102 26,073 3,142 12 4,379 20,946 42.636 101,839 40,220 3,277 7,401 9,%0 698,395 21.102 27,707 3,372 117 717,678 19,778 19,183 58,976 25,007 7,118 51,611 61,125 1¢XJ,139 101,029 3,780 12,607 112,253 1.634 230 105 225 2.128 15.698 31,808 39,707 23,074 58,334 133,647 79,927 3,277 8,361 106.033 11A,033 TOTAL 2021 959,462 208,488 1.167,950 1,29),284 TOTAL 2020 936,085 354,199 1,290,284 Page 27

LINKING ENVIRONMENT AND FARMING IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 ANALYSIS OF EXPENDITURE BY ACTIVITIES ICONTINUEDI ANALYSIS OF SUPPORT COSTS Integrat•d farni managomont Education 2021 2021 Total funds 2021 Total funds 2020 Depre￿atIon and am0￿saIlon P￿miseS Travel and subsistence Hospitality and meeting costs Audit and accountancy Professional and consultsncy fees Subscriptions Repairs and maintenance General expenses Bank Charges Hire purchase interest Govemanc* costs 38.638 6.175 190 38,638 6,175 190 46,077 9,182 26,684 11,012 26,933 42,916 1,620 5,401 4,376 2,642 2,222 2,135 23.001 22.467 9,626 32,627 22,467 1,404 1.169 323 2,539 1,335 122 1.169 268 2.518 1.335 122 21 97.287 9,702 106,9B9 181,2rJ) TOTAL 2020 145.308 35,892 181.200 Relevant costs are split bgtween direct and support in a rat￿ of 70.'30 respects'vgly. 10. AUDITORS, REMUNERATION The auditors. remuneration amounts lo an audilor fee of £11,1SO 12020.. £10,000). and accounts preparation and tax compliance services of £3.65012020: £3,450)- 11. STAFF COSTS Group 2021 Group 2020 Charlty 2021 Charity 2020 Wages and salaries Social securily cosls Contribub'on to defined contribution pension schemes 535,034 62.427 555.821 61.641 535,034 62.427 555.821 61,641 100.934 100.216 100.934 100.216 698,39S 717.678 698,395 717.678 Page 28

LINKING ENVIRONMENT AND FARMING IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 11. STAFF COSTS ICONTINUED> The average number of persons employed by the Charity during the year was as fdlows: Group 2021 No. Group 2020 No. Employee$ 20 20 The number of 8mploye88 whose employee benefits (excluding employer pension costs) exceeded £60,000 was: Group 2021 No. Group 2020 No. In the band £70,001 - £80,000 The key managemenl personnel of the group comprises th8 Trustees and the Senior Management Team. The lolal employee benefits of the key management personnel were £317,28112020-. £413,020). 12. TRUSTEES. REMUNERATION AND EXPENSES During the year, no Trustees received any remuneration or other b8nefils12020- £NIL). During the year ended 31 March 2021. no trav81 and general expenses were reimbursed or paid direcuy lo any Truslees.12020-. £3.064 10 6 Trustees for travel and general expenses), Page 29

LINKING ENVIRONMENT AND FARMING IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 13. INTANGIBLE ASSETS GROUP AND CHARI Website developmenl COST At 1 April 2020 Additions 78,122 10,271 At 31 Marth 2021 88,393 AMORTISATION At 1 April 2020 Charge for the year 57,969 18,545 Al 31 March 2021 76,514 NET BOOK VALUE At 31 March 2021 11.879 At 31 March 2020 20,153 Page 30

LINKING ENVIRONMENT AND FARMING IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 14. TANGIBLE FIXED ASSETS GROUP AND CHARI Long-terni leasehold propèrty Improv•m•nts Furnlture and oqulpment Motor vehlclos Total COST OR VALUATION At 1 April 2020 Additions 15,893 28,297 46.174 130,114 192,1B1 34.957 Ai 31 March 2021 44,190 46,174 136,774 227,138 DEPRECIATION At 1 April 2020 Charge for the year 10,595 5.298 32.823 4.855 108,978 9.942 152,396 20,095 At 31 March 2021 15,893 37,678 118,920 172,491 NET BOOK VALUE At 31 March 2021 28,297 8.496 17,854 54,647 At 31 March 2020 5,298 13,351 21,136 39.785 Assets held under financg1gaso$ and hirn Pu￿haS8 agreements Included wlhin the net book value of £54,647 {2020'. £39,785) is an amount of £8,49612020.' £18.784) relating to assets held under finance leases and hire purchase agreements. Page 31

LINKING ENVIRONMENT AND FARMING IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Is. FIXED ASSET INVESTMENTS Invastments CHARITY COST OR VALUATION At 1 April 2020 Revaluations 11451 AT 31 MARCH 2021 322 NET BOOK VALUE AT 31 MARCH 2021 322 AT 31 MARCH 2020 467 Investments held by the Chanty include a £1 {2020'. £1) investment in the subsidiary ￿Mpany. LEAF Marque Limrted. This represents the Trustees. estimate of the market value of this investment. The investment represents the entire share capital of LEAF Marque Limited. a company incorwrated in England and Wales. The company was incorporated on 5 June 2002. The principal ath'vity of LEAF Marque Limited is lo promote Integrated Farm Management through the use of the LEAF Marque trademark. The activities and results of this company are summarised in Note 6. 16. DEBTORS Group 2021 Group 2020 Charity 2021 Charity 2020 DUE WITHIN ONE YEAR Trade debtofs 311.271 364.109 279.194 71,991 19,039 128,868 349.874 4S.310 Amounts owed by group undertakings Other debtors Prepayments and ac£nJed incnme Tax recoverable 19,039 137.092 100 108.708 100.484 467,502 472.817 499,092 49S.668 Page 32

LINKING ENVIRONMENT AND FARMING IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Group 2021 Group 2020 Charity 2021 Charity 2020 Trade creditors Other laxalion and social security Obligations under finance lease and hire purchase contracts Other Creditors Accruals and deferred income 34,308 101,036 33.262 53.060 34,308 100,039 33.262 51.343 10.398 536 434,506 11.319 1.106 205.071 10.398 536 431,506 11,319 1.106 202.071 580,784 303.818 576,787 299.101 Group 2021 Group 2020 Charity 2021 Charity 2020 Deferred income at 1 April 2020 Resources deferred during the year Amounts released from previous periods 191.959 507.058 (308.199) 58.537 191,959 207.070 507.058 173.648) (308.199) 58,537 207.070 173.648) 390,818 191.gs9 390,818 191,959 Deferred income comprises granl and other income received in respect of varK)us projects and in relation lo Open Farm Sunday that lake place in future pericmjs. Secured dobts: Obligations under finance lease and hire purchase contracts of £10,398 {2020.' £11,319) are secured against the assets financed. 18. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Group 2021 Group 2020 Charlty 2021 Charity 2020 Nel obligalions under finance lease and hire purchase contracts 10.398 10.398 Secured debts: Obligations under finanee leasè and hire purchase conlraets of £Nil {2020.. £10,398) are securèd against the assets ffinaneed. Page 33

LINKING ENVIRONMENT AND FARMING IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 19. FINANCIAL INSTRUMENTS Group 2021 Group 2020 Charity 2021 Charity 2020 FINANCIAL ASSETS Financial assets measured al fair value through income and expenditure 1,111.151 522.094 1,070,481 489.443 Financial assets measured al fair value through income and eynditure comprise cash al bank and in hand CORPORATION TAX The Charity is exempt from tax on ino)me and gains falling wthin section 505 of the Taxes Act 1988 or section 252 of the Taxation Chargeable Gains Act 1992 to the exlenl that these are applied lo its charitsble objectives. Page 34

LINKING ENVIRONMENT AND FARMING IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 21. STATEMENT OF FUNDS STATEMENT OF FUNDS- CURRENT YEAR Balance al 31 March 2021 Balance at 1 April 2020 Transfers inlout Incom? Expenditure UNRESTRICTED FUNDS DESIGNATED FUNDS Designated Funds 59,938 66,3B1 GENERAL FUNDS General Funds 616,172 1,419.282 (1.155,8851 11.557 891,126 TOTAL UNRESTRICTED FUNDS 676.110 1A19.282 (1.155,8851 18,000 957.507 RESTRICTED FUNDS EU Horizon 2020 Chefon the Fam ATFICevas FarmerTime Countryside classroorn ISEAL 135,761 {13S.7611 3,377 16,036 45,431 3,377 12,012 8.920 39.143 68,750 6,463 21.509 {12.9441 (1S,7341 (34,2331 118.000) 34,517 6,463 Other government grants {21,5091 280,546 {220,1811 118,000) 107,209 TOTAL OF FUNDS 740,954 1,699,828 (1.376,0661 1,064,716 Page 35

LINKING ENVIRONMENT AND FARMING IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 21. STATEMENT OF FUNDS (CONTINUED) Unrestricted funds are those which can be used in accordance with the charitable objeclives at the discrets'on of the Trustees, as defined in the accounting poliues. The Trustees have designated funds which represent the unreslricled fixed assets of the Charty. The transfer relates to the movement on these unrestricted fixed assets. Reslricled funds are those held for specific purposes, as specrfied by the fvnder. as defined in the accounting policies. FUND DESCRIPTIONS: EU Horizon This restricled fund relates to the grant funds projects under this scheme. which commenced in the 2016117 and 2017118 financial years. Chel on the Farm - This restncted fund relates lo the project under this scheme. which commenced post FACE merger. ATFICovas merger. This restricted fund Telates lo the project under this scheme, which commenced post FamierTimo - This restricted fund relates lo the project under this scheme. which commenced during 2019. ISEAL - This reslricled fund relates to the project under this scheme, which is carried out by LEAF Marque. and commenced during the 2020121 financial year. othor government grants - This restricted fund relates lo JRS grants provided by the Government. Page 36

LINKING ENVIRONMENT AND FARMING IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 21. STATEMENT OF FUNDS (CONTINUED) STATEMENT OF FUNDS- PRIOR YEAR Balance at 31 March 2020 Balance at 1 April 2019 Transfers inlout Gainsl (Losses) Income Expendilure UNRESTRICTED FUNDS DESIGNATED FUNDS Designated Funds 93.836 133,8981 59,938 GENERAL FUNDS Genefal Funds 559,894 1,452.015 11,429,490) 33.898 11451 616.172 TOTAL UNRESTRICTED FUNDS 653,730 11,429,490) 11451 676.110 RESTRICTED FUNDS EU Horizon 2020 Chefon the F8rm ATFICevas FarmerTime 118,800 2.250 17.190 37,196 {118,800} 13,358} 129,769) 118,692} 4,485 28,615 26,927 3,377 16,036 45,431 60,027 175.436 {170,619) 64,844 TOTAL OF FUNDS 713.757 175,436 11,600.109) (145) 740,954 Page 37

LINKING ENVIRONMENT AND FARMING IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 21. STATEMENT OF FUNDS (CONTINUED) FUND DESCRIPTIONS: EU Horlzon This restricted fund relates to the grant fvnds projects under this scheme. which commenced in the 2016117 and 2017118 financial years, Chef on the Farm - This restricted fund relates lo the project under this scheme, which commenced post FACE merger. ATFICovas merger. This restricted fvnd Telates lo the project under this scheme, which commenced post Fami•rTirno - This restricted fund relates lo the projecl under this scheme. which commenced during 2019. Page 38

LINKING ENVIRONMENT AND FARMING IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 22. SUMMARY OF FUNDS SUMMARY OF FUNDS- CURRENT YEAR Balance al 31 March 2021 Balanco at 1 Aprll 2020 Transfers inlout Incom? Expenditure Designated funds General funds Reslricled funds 59,938 616,172 66,381 891,126 107,209 1,419,282 (1.155.885) 280,546 {220,1811 11,557 118,000) 740,954 1,699,828 (1.376,0661 1,064,716 SUMMARY OF FUNDS - PRIOR YEAR Balan￿ at 31 March 2020 Balance al 1 April 2019 Transfers inlout Gainsl {Losses} Income Expendilure Designated funds General funds 93,836 SS9,894 60,027 133.898) 33.898 59.938 616,172 64,844 1,452.015 11,429,490) 175,436 {170,619) {1451 Restricted funds 713,757 1,627.451 11,600,109) (1451 740.954 23. ANALYSIS OF NET ASSETS BETWEEN FUNDS ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR Unrestricted Restricted funds funds 2021 2021 Total funds 2021 Tangible fixed assets Intangible fixed assets Fixed asset investments Current assets Creditors due within one year 54.647 11.879 321 1,471.444 1580.784) 54,647 11,879 321 1.578.653 {580,7841 107,209 TOTAL 957.507 107,209 1.064,716 Page 39

LINKING ENVIRONMENT AND FARMING IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 23. ANALYSIS OF NET ASSETS BETWEEN FUNDS ICONTINUEDI ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR Unrestricted funds 2020 Reslricled funds 2020 Total funds 2020 Tangible fixed assets Intangible fixed assets Fixed asset investments Current assets Creditors due within one year Creditors due in more than one year 39.785 20.153 321 930.067 {303.818) 110.398) 39,785 20.153 321 994.911 (303.818) 10,398) TOTAL 676.110 740.954 RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES 24. Group 2021 Group 2020 Net income for the year las per Stal8m8nl of Financial Adviti8sI 323,762 27,197 ADJUSTMENTS FOR: Depreeialion charges Amortisation charges Loss on investments 20,095 25,205 28.399 17,678 145 Investment income 1242) 1,335 5,415 277.887 {100) 1913} 2.222 {236.358} 107.325 Interesl paid Decreasellincreasel in debto InC￿aSe Sn C￿ditOrS Corporation tax Ireceivedypaid NET CASH PROVIDED BYIIUSED INI OPERATING ACTIVITIES 653,357 154.305} Page 40

LINKING ENVIRONMENT AND FARMING IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 25. ANALYSIS OF CASH AND CASH EQUIVALENTS Group 2021 Group 2020 Cash in hand 1,111,151 522,094 ANALYSIS OF CHANGES IN NET DEBT At 1 Aprll 2020 Cash Ilows At 31 Mar¢h 2021 Cash al bank and in hand 522.094 (21,7171 $89,057 11,319 1,111.1S1 {10,3981 Finance leases 500.377 600.376 1.100,753 Page 41

LINKING ENVIRONMENT AND FARMING IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 PENSION COMMITMENTS The Charity operates a defined contribukn'on pension scheme. The assets of the scheme are held separalely from those of the Charity in an independently administered fvnd. The pension cost charge represents contributions payable by the Challty to the fund and amounled to £100,93412020.' £1CQ,2161. As al the year end, the Charity had oulslanding pension conlribulions of £25512020.. £2051. 28. OPERATING LEASE COMMITMENTS At 31 March 2021 the Group and the Charity had commilmenls to make lulure minimum lease pay7nents under non-cancellable operaling leases as follows.. Group 2021 Group 2020 Charity 2021 Charity 2020 Not later than 1 year Later than 1 year and not later than 5 years 18,126 69,876 8.112 1.752 18,126 69,876 8.112 1.752 88,002 9.864 88,002 9.864 FINANCE LEASE COMMITMENTS Minimum lease paymenls under hire purchase and finance18as8 agreements fall due as follows- 2021 2020 Within 1 year B8tw86n 2 - 5 years 8.856 3.398 13.351 12.254 12,254 25,605 Page 42

LINKING ENVIRONMENT AND FARMING IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 RELATED PARfi TRANSACTIONS During the year the Charrty traded with the John Innes Foundation. a charity in which K R Nornian is trustee. The Charity received income during the year of £11,325 12020.. £Nill in respect of project work undertaken durin9 the finanoal year. Ai the year end a balance of £Nil 12020.. £Nill was due from the John Innes Foundalion. During the year the Charrty traded with Waldersley Famis Limited, a company in which C R Porter is direclor. The Charity received membership income during ihe year of £53012020- £Nill. Al the year end balance of £Nil12020.' £Nill was due from Waldersley Famis Limited. During the year the Charity traded with Beeswax Dyson Famiing Limited. a company in which P G Wynn is a direclor. During the year Ihe Charity received donations and membership income of £12,53012020: £12.6241. During the year the Charity also incurred and paid for services of £48012020.. Nill. Al the year end a balance of £Nil {2020: £Nill was due from Beeswax Dyson Famiing Limited. During the year the Charity traded with Haygrove Development Limited. a company in which A J Davison is a director. During the year the Charity received income of £1012020.. £115}, Al the year end a balance of £Nil12020'. £Nill was due from Haygrove Oevelopmenl Limited. During the year the Charity recharged expenses lo its wholly owned subsidiary LEAF Marque Limited lolalling £55.174 12020.. £50.9241. LEAF Marque Limited also Gift Mded the Charity £39.467 as al the year end12020'. £23.1581. As al the year end a balance of £71,991 12020., £45.3101 was due Irom LEAF Marque Limited. Page 43