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|TRUSTEES|Prof Peter Rigby|FRS - Chair|FRS - Chair|FRS - Chair|||
|---|---|---|---|---|---|---|
||Mr Graham
Allen||||||
||Mr Geoff Braham||||||
||DrJames Briscoe|FRS|||||
||Prof Gordon
Brown FRS||||||
||Dr Lynne Gailey||||||
||Prof Nic Jones||||||
||Prof Peter Parker|FRS|||||
||Ms Alexandra
Pygall||||||
|MEMBERS|Chairman
Babraham||Institute||Board|-Prof Peter Rigby FRS|
||Chairman
Babraham||Institute||Audit Committee|- Mr Geoff Braham|
||UKRI-BBSRC Corporate|||Member||—Prof Melanic Welham|
|SECRETARY|Mr Simon Jones||||||
|REGISTERED OFFICE|Babraham
Institute||||||
||Babraham
Hall||||||
||Babraham||||||
||Cambridge||||||
||CB22 3AT||||||
|AUDITOR|Grant Thornton
UK LLP||||||
||101Cambridge
Science|||Park|||
||Milton Road||||||
||Cambridge||||||
||CB4 OFY||||||
|BANKERS|Lloyds Bank Pic||||||
||4th Floor||||||
||25 Gresham Street||||||
||London||||||
||EC2V 7HN||||||
|INTERNAL AUDITORS|RSM Risk Assurance
Services||||LLP||
||The Pinnacle||||||
||170Midsummer|Boulevard|||||
||Milton
Keynes||||||
||Buckinghamshire||||||
||MKS 1BP||||||
|INVESTMENT BANK|Royal Bank of Canada||||||
||100Bishopgate||||||
||London||||||
||EC2N 4AA||||||
|REGISTERED COMPANY|NUMBER: 03011737||||||
|CHARITY REGISTRATION|NUMBER: 1053902||||||
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|Risk Area|Risk Area|Descri
tion of Risk||Risk Mana
ement||||
|---|---|---|---|---|---|---|---|
|Future|UKRI-|UKRI-6BSRC current
and|future|Regular monitoring
of|scientific performance,
including|||
|BBSRC|research|funding
is reduced as a result of||consideration
from the Science and Impact Advisory Committee||||
|funding||poor performance
or public||(SIAC).||||
|||sector spending
pressures.||Regular communication|with
UKRI-BBSRCto report|||
|||||performance
and ensure strategic alignment
of research||||
|||||programmes.||||
|||||Monitoring
ofperformance
of competitive
grant submissions|||with|
|||||em
basis on widenin|the
ool of
rant funders.|||
|Loss of||The institute
or its Group||The Research Integrity|Steering Group was established|to oversee||
|research||Leaders become ineligible|to|all aspects ofresearch|integrity
within the Institute.|||
|funding
from
othersources||receive funding
from principal
funding
bodies as a result of
lack of compliance
with funders||The Steering Group will review current Institute
policy
against
Funder requirements
to ensure compliance.||and practice||
|||policies, i.e., regarding
bullying||Additional
training
will be put in place to ensure
all Individuals||||
|||and harassment
or research||adhere to the highest|standards
of professional
conduct.|||
|||misconduct.||||||
|||||The Institute
will seek|to secure alternative
sources of|funding|and|
|||||collaboration
to mitigate
against the possible loss of EU grant||||
|||||income.||||
|Technology||The Institute
is unable to|keep|Funding
opportunities|identified
and pursued
for technology|||
|investment||pace with developments|in|investments.||||
|||technology
underpinning|its|||||
|||science.||||||
|||Funding
is inadequate
to|sustain|||||
|||and improve
technology||||||
|||facilities necessary to support||||||
|||scientific ob'ectives.||||||
|Staff retention||The Institute
is unable to|retain|Career development
programmes
in place to support||staff.||
|and
recruitment||or attract suitably
skilled staff to
enable itto sustain
its scientific||Performance
Management
processes
in place.||||
|||performance.||Recruitment
strategy|and processes
in place.|||
|||||The Institute
reviews|pay and benefits annually,
benchmarking|||
|||||against a range of comparable
scientific organisations||to ensure||
|||||pay remains competitive.
Salary scales are benchmarked
triennially||||
|||||within the market
in which the Institute operates
and||periodically||
|||||the Board ofTrustees|will instigate
an in-depth
pay and benefits|||
|||||review.||||
##
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##
|Risk Area|Description|of Risk||Risk Management|
|---|---|---|---|---|
|Estates|Estate facilities do not|||A 5-year Business Plan developed
for 2023-28 includes significant|
||adequately|support the delivery||UKRI-BBSRCinvestment
in Blfacilities to support the Estates|
||of its scientific objectives.|||Strategy.|
||Funding
is|inadequate|to sustain|Facilities management
systems are being enhanced.|
||and improve facilities necessary
to support scientific objectives|||Energy usage data
is being developed
and energy plan being
im
lemented.|
|Business|A major incident, or business|||Disaster recovery and Business Continuity
plans
in place and tested|
|Continuity|disruption|such as a pandemic,||periodically.|
||interrupts
scientific research
programmes
and/or
administrative
systems.|||Review of compliance
with health
&safety and relevant
regulations
from government
agencies and internal
auditors.|
|||||Appropriate
commercial
insurance
arran
ements
in
lace.|
|COVID-19|Adverse
impact ofthe||Covid-19|A Covid-19 Secure Risk Assessment
remains
in place
in order to|
||pandemic|on Institute|staff and|deal with ongoing fluctuations
ofthe situation,
including
mitigation|
||operations,|resulting
in the||for the following
risks:|
||inability to|meet key Institute||~
The transmission
of Covid-19 on site by person-to-person|
||objectives.|||transmission.|
|||||~
The impact ofthe pandemic
and working conditions
on the|
|||||mental
and physical
wellbeing
ofstaff.|
|||||~
The impact ofthe pandemic
and working conditions
on|
|||||equality
and diversity.|
|||||~
The maintenance
of buildings
and facilities on site during the|
|||||pandemic.|
|||||~
Information
security breaches due to new working
conditions|
|||||and an increase
in fraud /seams
during the pandemic.|
|||||~
The financial
impact ofthe pandemic.|
|||||The Institute
is implementing
a phased
return to work on site and|
|||||supporting
staff to work from home where possible
in order to|
|||||continue to deliver key Institute objectives.|
##
##
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##
##
||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|
||||||||E'000|E'000|
|Deficit before Investment||gains/losses,||depreciation|and transfers —unrestricted|funds|(4,061)|(2,601)|
|Depreciation|(net oftransfers)||and other transfers||||(1,382)|(1,920)|
|Fair Value adjustment
to||investment
properties|||||(300)|(1,750)|
|Impairment|on investment|in|subsidiary||||468|(468)|
|Investment|Income (dividends||and interest)||||313|357|
|Investment|gains/(losses)|—realised
and||unrealised|||1,389|4,842|
|Deficit for year —unrestricted|||funds||||(3,573)|(1,540)|
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||||||Restricted|Restricted|un-|2022|2021|
|---|---|---|---|---|---|---|---|---|---|
||||||revenue|capital|restricted|Total|Total|
|||||Note|funds|funds|funds|funds|funds|
||||||f'000|6'000|6'000|6'000|E'000|
|Income from:||||||||||
|Charitable
activities|||||18,382|4,002|4,634|27,018|25,646|
|Trading activities|||||||13,179|13,179|11,048|
|Investment
income|||||||350|350|419|
|Total income||||2|18,382|4,002|18,163|40~7|37,113|
|Expenditure
on:||||||||||
|Charitable
activities|||||(17,609)||(14,636)|(32,245)|(30,390)|
|Raising funds|||||||(9,277)|(9,277)|(8,486)|
|Taxation|||||||(328)|(328)|3,739|
|Total expenditure||||3|17,609||(24,241)|(41850)|(35,137)|
|profit an investments||||10,11,12|||1,680|1,680|2,619|
|Exceptional
Items||||23|||||(35,148)|
|Net income/(expenditure)||||||4,002|(4,398)|377|(30,553)|
|Net income/(expenditure)
for the year is||||||||||
|attributable
to:||||||||||
|The parent
undertaking|||||773|4,002|(3,829)|946|(35,976)|
|Minontyinterest|||||||(569)|(569)|5,423|
||||||773|4,002|(4,398)|377|(30,553)|
|Transfers||||||||||
|Release ofcapital|funds / transfers|||17|72|(3,380)|3@08|||
|Other recognised|gains and losses|||||||||
|Gain on revaluations||oftangible|fixed assets|||5,567||5867|3,513|
|Other recognised|gains for the year is|||||||||
|attributable to:||||||||||
|I he parent
undertaking||||||5,567||5867|3,513|
|Minority interest||||||||||
|||||||5 567||5867|3,513|
|Movement
in funds||attributable|minority|||||||
|Interests||||||(9)|(560)|(569)|5,423|
|Net movement
ln funds|||||845|6,180|(1,650)|5,375|(21,617)|
|Balances brought|forward|||17|5,447|110,587|22,924|138,958|160,575|
|Balances carried forward at 31March 2022||||17|6,292|116,767|21,274|144,333|138,958|
##
##
##
|ALANCE SH|EET|S|AT|31MARCH 2|022|||||
|---|---|---|---|---|---|---|---|---|---|
||||||Note|Group||Institute||
|||||||2022|2021|2022|2021|
|||||||f'000|f'000|f'000|f'000|
|Fixed assets||||||||||
|Intangible|assets||||8|135|96|||
|Tangible assets|||||9|100,415|93,533|99,827|92,945|
|Investment|properties||||10|3,400|3,700|3,400|3,700|
|Investments|||||11,12|30,134|34,878|35,358|40,225|
|||||||134,084|132,207|138,585|136,870|
|Current assets||||||||||
|Stocks|||||13|282|233|148|132|
|Debtors|||||14|8,140|7,086|5,450|5,638|
|Cash at bank and|||in|hand||21,677|20,082|5,165|4,692|
|||||||30,099|27,401|10,763|10,462|
|Creditors: amounts|||falling due within||15|(12,444)|(13,813)|(8,336)|(9,781)|
|one year||||||||||
|Net current assets||||||17,655|13,588|2,427|681|
|Total assets less current liabilities||||||151,739|145,795|141,012|137,551|
|Debtors: amounts||falling due||||||||
|after more than one year|||||16|253|253|||
|Net assets||||||151,992|146,048|141,012|137,551|
|Funds||||||||||
|Restncted|capital||fund|||48,959|48,346|48,913|48,291|
|Revaluation|Reserve|||||67,808|62,241|67,808|62,241|
||||||17|116,767|110,587|116,721|110,532|
|Unrestricted
funds|||||17|21,274|22,924|17,999|21,572|
|Restricted|revenue|||fund|17|6392|5,447|6,292|5,447|
|||||||144,333|138,958|141,012|137,551|
|Minority
Interests||||||7,659|7,090|||
|||||||151,992|146,048|141,012|137,551|
##
##
||||||||2022||2021||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||Note|f'000|6'000|f.'000|6'000|
|Cash flows from operating||activities|||||||||
|Net movement
in funds||||||17|||(27,040)||
|Depreciation
charge|||||||5s083||4,434||
|Amortisation
of Intangible
assets|||||||13||14||
|(Profit)/Loss
on disposal offixed assets|||||||(6)||(157)||
|(Impairment
Reversal)/Impairment|||of investments|||11|(591)||387||
|Revaluations
and fair|value adjustments|||||9,10|(5367)||(1,763)||
|Capital grants received||||||2|(4,002)||(2,949)||
|Tax charge||||||7|(328)||(3,739)||
|Interest received||||||2|(350)||(419)||
|Interest paid|||||||||||
|Increase
in stocks||||||13|(49)||(25)||
|Increase
in debtors||||||14|(909)||(1,065)||
|(Decreasel/
Increase|in|creditors||||15|(1,380)||3,075||
|Tax (paid)/refunded|||||||194||(509)||
|Reclassification/transfer||of investment||properties||10|||35,148||
|Net cosh provided/(used)||by operating||activities||||(1,648)||5,392|
|Cash flows from investing||activities|||||||||
|Interest Received||||||2|350||419||
|Payments
to acquire intangible
fixed assets||||||8|(58)||(48)||
|Payments
to acquire tangible
fixed assets||||||9|(6,432)||(3,244)||
|Payments
to acquire investments|||inst of|fees)||12|(7,782)||(12,882)||
|Receipts from sale oftangible
fixed assets|||||||33||||
|Receipts from sale of|investments||||||6,190||8,055||
|Capital grants received|||||||4,002||2,949||
|Net cosh provided/(used)|by investing||activities|||||(3,697)||(4,703)|
|Cash flows from financing||activities|||||||||
|Cash funds withdrawn||from investments|||held|12|||3,760||
|Net cosh provided/(used)|byfinancing||activities|||||6,940||3,760|
|Change
in cash and cash|equivalents||in the||reporting||||||
|period||||||||1,595||4,449|
|Cash and cash equivalents||at the beginning|||ofthe||||||
|reporting
period||||||||20,082||15,633|
|Cash and cash equivalents||at the end|ofthe||reporting||||||
|period||||||||21,677||20,082|
|The net debt reconciliation
is|shown
in Note 21.||||||||||
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|||Restricted|Restricted|Unrestricted|2022|2021|
|---|---|---|---|---|---|---|
|||revenue|capital funds|funds|Total|Total|
|||funds|||||
|||E'000|E'000|E'000|E'000|E'000|
|Trading activities:|||||||
|Grantlncome||||280|280||
|Goods and services||||3,972|3,972|3,094|
|Rent||||8,927|8,927|7,954|
|||||13,179|13,179|11,048|
|Investment
income:|||||||
|Bank interest and dividends|||||||
|receivable||||325|325|377|
|Royalty/licence
income||||25|25|42|
|||||350|350|419|
|Charitable
activities:|||||||
|Grants and Donations|UKRI-BBSRC||||||
|—Competitive
strategic grant
—Minor works||9,633
1,226|||9,633
1~6|9,633
1,530|
|-Other grants||1,852|4,002||5554|3,931|
|Competitive
project grants||1,017|||1,017|1,454|
|Medical Research Council||1,616|||1,616|1,124|
|University
Links||253|||253|228|
|European
Union||714|||714|777|
|Industry,
levy boards||239|||239|406|
|Trusts, foundations,|charities|1,832|||1,832|2,155|
|Goods and services||||2,956|2,956|2,768|
|Rent||||1,678|1,678|1,640|
|||18,382|4,002|4,634|27,018|25,646|
|Total income||18,382|4,002|18,163||37,113|
|Total Income 2021||18,2B9|2,949|15,875|37,113||
||2022|2021|
|---|---|---|
||E'000|E'000|
|UK|39+01|35,626|
|Europe|738|1,486|
|Rest of World|8|1|
||40,547|37,113|
##
##
|||||Allocation|basis|Scientific|Governance|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||||Research||2022|2021|
||||||||E'000||F.'000|
|Staff costs||||Direct||6,436|142|6,578|6,516|
|Laboratory|supplies|||Direct||2,066||2p066|1,914|
|Travel and subsistence||||Direct||77||83|6|
|Equipment|and hire|charges||Direct||85||85|69|
|Computing|costs|||Direct||4||4|5|
|Library||||Direct||77||77|49|
|Legal & professional||charges||Direct||129|133|262|311|
|Recruitment||||Direct||6||6|3|
|Training||||Direct||3||3|1|
|Other costs||||Direct||449||449|340|
|Scientific services support costs||||Use of resource||22,632||22,632|21,176|
|Total Charitable
costs||||||31,964|281|32,245|30,390|
|Total Charitable
costs 2021||||||30,053|337|||
|Commercial|trading|operation|costs|||||9,277|8,486|
|Taxation (note 7)||||||||328|(3,739)|
|Total Group|costs|||||||41,850|35,137|
##
##
##
|nalysis ofscientific ser|vices suppo|rt costs for charitable|purposes||||
|---|---|---|---|---|---|---|
|||||Technical|Total||
|||Administration|Estates|Services|2022|Total 2021|
|||f.'000|6'000|6'000|6'000|f'000|
|Staff costs||3,122|1,079|3,990|8,191|8,143|
|Travel and subsistence||25|1|51|77|44|
|Repairs and minor works||68|632|1,098|lp798|1,486|
|Rent and rates||681||3|684|696|
|Fuel and water charges||60|1,124||1,184|1,275|
|Equipment
and hire charges||26|15|295|336|321|
|Depreciation||4,761|||4,761|4,122|
|Minor works||3|1,394|29|1,426|1,482|
|Waste disposal||7|6||13|6|
|Computing
costs||110|11|456|577|252|
|Legal and professional|charges|185|121|52|358|342|
|Recruitment||61|||61|21|
|Training||95||16|112|94|
|Library||12||195|207|329|
|Food purchases||46|||46|31|
|Bad debts||1|||1|12|
|Diff||2|||2||
|Loss on disposal offixed assets||14|||14||
|Other costs||870|510||2,784|2,520|
|||10,149|4,894|7,589|22,632|21,176|
|Total Support Costs 2021||9,179|5,122|6,875||21,176|
##
|||2022|2021|
|---|---|---|---|
|||f.'000|f.'000|
|Staff costs||142|150|
|Travel and subsistence||6||
|Legal and professional|charges|133|187|
|||281|337|
##
##
##
||||Group||Institute||
|---|---|---|---|---|---|---|
||||2022|2021|2022|2021|
||||f'000|f'000|f'000|f'000|
|Incoming
resources and resources|||||||
|expended
are stated after|charging:||||||
|Amounts
payable to auditors||in respect of|||||
|audit services to the Institute|||70|65|70|65|
|Amounts
payable to auditors||in respect|||||
|of audit services to subsidiary|||||||
|undertakings|||33|42|||
|Amounts
payable to auditors||in respect of|13|12|11|6|
|non-audit
services*|||||||
|Net loss/(gain)
on foreign|currency||||||
|translations|||(60)|75|(60)|75|
|Depreciation|||5,083|4,434|4,761|4,122|
|Amortisation
of intangible|fixed assets||13|14|||
|Loss/(Profit)
on disposal
-|fixed assets||6|(157)|13||
|Operating
lease payments|in|respect of:|||||
|land and buildings|||1,437|501|487|501|
|otherleases|||9|15|9|15|
##
|taff co|sts for all employe|es
were as|follow|s:|||
|---|---|---|---|---|---|---|
||||Group||Institute||
|||2022||2021|2022|2021|
|||f'000||f'000|f'000|f'000|
|Wages|and salaries|13,839||13,280|12,086|11,563|
|Social|security costs|1,297||1,302|1,138|1,126|
|Other|pension costs|1,813||2,189|1,576|1,971|
|||16,949||16,771|14300|14,660|
|he average|number
of employees|during the year was|as follow|
|---|---|---|---|
|||2022|2021|
|||No|No|
|Charitable|activities|110|118|
|Support activities||205|214|
|Commercial|operations|54|42|
|||369|374|
##
##
##
##
##
##
##
|he tax differences
shown
b
nstitute
Enterprise
Limited:|elow
re|fer|to|the tr|adi|ng|subsidia|ries,
Babraham
|Research
Campus|limited|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||Group||
||||||||||2022|2021|
||||||||||f'000|f'000|
|Surplus on ordinary
activities|before|tax|as|shown|in|the|accounts ofthe||||
|trading
subsidiary
- BRC||||||||||2,185|
|Deficit on ordinary
activities|before tax as shown||||in the||accounts ofthe||||
|trading subsidiary
- BIE|||||||||687|(147)|
|Surplus
on ordinary
activities|multiplied||by|the standard|||rate of|corporation||387|
|tax at 1936(2021:199').|||||||||||
|Effects of:|||||||||||
|Expenses not deductible
for|tax purposes|||||||||156|
|Impairment
charges on investments||held|||||||(112)|(58)|
|Adjustments
to tax charge
in|respect|of prior periods|||||||(56)|381|
|Differences
relating to Investment
Property||||and the||associated||Capital Grants||(4,496)|
|Amounts
relating to other comprehensive||||income|or otherwise|||transferred||(19)|
|Other differences
leading to|an increase/(decrease)|||||in tax charge|||(182)|5|
|Tax relief on gift aid payment|||||||||(65)|(95)|
|Total taxation on profits for|the year||||||||328|(3,739)|
##
##
|Group||
|---|---|
||Intellectual|
||Property|
||E'000|
|Cost||
|At 1April 2021|133|
|Additions|Sg|
|Disposals|(7)|
|At 31March 2022||
|Amortlsatlon||
|At 1April 2021|37|
|Provided for the year|13|
|Disposals|(1)|
|At 31March 2022|49|
|Net book value||
|31March 2022|135|
|31March 2021|96|
##
##
##
||Short leasehold|Fixtures and||
|---|---|---|---|
|Group|land and buildings|Equipment|Total|
||E'000|E'000|E'000|
|Cost ar valuation||||
|At 1April 2021|86,087|29,149|115,236|
|Additions||6,432|6,432|
|Revaluation|2,765||2,765|
|Disposals||(1,008)|(1,008)|
|At 31March 2022|88,852|34,573|123,425|
|Depreciation||||
|At 1April 2021||21,703|21,703|
|Provided for the year|2,802|2,281|5,083|
|Disposals||(974)|(974)|
|Revaluations|(2,802)||(2,802)|
|At 31March 2022||23,010|23,010|
|Net book value||||
|At 31March 2022|88,852|11,563|100,415|
|At 31March 2021|86,087|7,446|93,533|
##
##
##
##
##
##
##
##
|he historic|al
n|et book val|ue|of|land an|d buildings|is as follo|ws:|||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||Group|Institute||
||||||||2022|2021|2022|2021|
||||||||E'000|E'000|E'000|E'000|
|Historical|net|bookvalue|at|31|March|2022|22,639|24,367|22,639|24,367|
##
|Group|Long term|leasehold|
|---|---|---|
||investment|properties|
|||E'000|
|Valuation|||
|At 1April 2021||3,700|
|Revaluation||(300)|
|At 31March 2022|||
|Historical net book value|||
|at 31March 2022||206|
|Institute|Investment|property|
|---|---|---|
|||E'000|
|Valuation|||
|At 1April 2021||3,700|
|Revaluation||(300)|
|At 31March 2022||3,400|
|Historical net book value|||
|at 31March 2022||206|
##
##
##
|Group and Institute|Trade|Group|
|---|---|---|
||Investments|undertakings|
||f'000|f'000|
|Market Value/Cost|||
|At 31March 2021|861|6,208|
|Additions|||
|Disposals|||
|Reversal of impairment|591|468|
|At 31March 2022|1,452|6,676|
|||Babraham|Research|Babraham|Institute||
|---|---|---|---|---|---|---|
|||Campus|Limited|Enterprise|Limited|Total|
||||f'000||f'000|f'000|
|Turnover|||12,894||1,664|14,558|
|Profit/(loss)|for the period||||||
|after taxation|||2,290||676|2,966|
|Non current|assets||812||1,360|2,172|
|Current Assets|||19,479||1,348|20,827|
|Current
Liabilities|||(5,051)||(607)|(5,658)|
|Net current|assets||14,428||741|15,169|
|Non-current|assets||254|||254|
|Net assets|||15,494||2,101|17,595|
##
##
|Minority|interest|2022|2021|
|---|---|---|---|
|||f'000|f'000|
||At 1April 2021|7,090|12,513|
||Share of result|569|(5,423)|
||At 31March 2022|7,659|7,090|
##
|Usted Securities —Grou|and Institute|Medium|Term|Lon|Term|2021Total|2020 Total|
|---|---|---|---|---|---|---|---|
|Market Value|||f'000||f'000|f'000|f'000|
|At 1April 2021|||7,307||26,710|34,017|32,817|
|Additions|||1,156||6,783|7p939|13,046|
|Disposals|||(1,158)||(6,722)|(7,880)|(13,119)|
|Transfers/Withdrawals|||||(6,940)|(6,940)|(3,760)|
|Investment
Income|||176||138|314|355|
|Management
Charges|||(35)||(122)|(157)|(164)|
|Realised and unrealised|gains and losses||(402)||1,791|1,389|4,842|
||||||21,638|28,682|34,017|
|At 31March 2022||||||||
|Historic cost of initial investment|||7,172||16,801|23,973|31,112|
##
##
|||Value|Proportion of|
|---|---|---|---|
|||f'000|portfolio|
|Bluebay Investments||1,682|5.999|
|Brown Advisory|funds|1,565|5.59ft|
|13
STOCKS|||||||
|---|---|---|---|---|---|---|
||||Group||Institute||
||||2022|2021|2022|2021|
||||f'000|f'000|f'000|f'000|
|Raw materials,|consumables|and other stocks|282|233|148|132|
|14
DEBTORS|||||||
||||Group||Institute||
||||2022|2021|2022|2021|
||||f'000|f'000|f'000|f'000|
|Trade debtors|||3,449|3,292|1,570|2,096|
|Amounts
owed by group undertakings|||||1,033|857|
|Corporation
Tax|||190|45|||
|Grants receivable|||1,770|1,373|1,770|1,373|
|Other debtors|||239|373|233|371|
|Prepayments|and accrued income||2,492|2,003|844|941|
||||8,140|7,086|5,450|5,638|
|Amounts
owed by subsidiary||undertakings|||||
|Trade debtors|||||656|497|
|Other debtors|||||377|360|
||||||1,033|857|
##
##
##
||||||Group||Institute||
|---|---|---|---|---|---|---|---|---|
||||||2022|2021|2022|2021|
||||||f'000|f'000|f'000|f'000|
|Trade creditors|||||2,887|3,062|2,282|2,515|
|Amounts|owed|to group undertakings|||||500|353|
|Other creditors|||||2,939|3,723|609|1,580|
|Corporation
tax|||||11||||
|Other tax|and social security||||870|1,437|541|1,361|
|Grants
in|advance||||2,090|3,100|2,090|1,759|
|EU co-ordinated||programme||partners|752|1,214|752|1,214|
|Accruals|||||2,895|1,277|1,562|999|
||||||12,444|13,813|8,336|9,781|
|Amounts|owed|to group undertakings|||||||
|Babraham|Research Campus|||Limited|||361|328|
|Babraham|Institute||Enterprise|Limited|||139|25|
||||||||500|353|
||||2022|2021|
|---|---|---|---|---|
||||f'000|f'000|
|Grants receivable/in||advance at 1April 2021|(3,100)|(3,245)|
|Additional|grants||17,609|18,289|
|Released|during year||(16,599)|(18,144)|
|Grants receivable/in||advance at 31March 2022|(2,090)|(3,100)|
##
|6
DEFERRED TAX|ATION / DEBTOR|S DUE MOR|E THAN ONE YEA|R|||
|---|---|---|---|---|---|---|
||||Group||Institute||
||||2022|2021|2022|2021|
||||f'000|f'000|f'000|f'000|
|At 1Ap ri I 2021|||253|(3,823)|||
|Credited/(charged)|to the statement|of|||||
|Rnancial
activities||||4,076|||
|At 31March 2022|||253|253|||
|The p|rovision for de|ferred tax is made up|as follows:||||
|---|---|---|---|---|---|---|
||||Group||Institute||
||||2022|2021|2022|2021|
||||f'000|f'000|f'000|f'000|
|Gains|on revaluation|ofassets|||||
|Fixed|asset timing differences||253|253|||
||||253|253|||
##
##
##
##
|||||||Restricted||||
|---|---|---|---|---|---|---|---|---|---|
|||||||capital||||
||||||Restricted|funds and||||
||||||revenue|Revaluation|Unrestricted|Minority||
||||||funds|reserve|funds|Interests|Total|
||||||f'000|f'000|f'000|f'000|f'000|
|Group||||||||||
|At 1April|2021||||5,447|110,587|22,924||146,048|
|Incoming|resources||||18,382|4,002|18,163||40,547|
|Expenditure,||losses|and taxation||(17,609)||(24,211)||(41,850)|
|Profit on investments|||||||1,680||1,680|
|Transfers|of|funds|||72|(3,380)|3,308|||
|Gain on revaluations||||||5,567|||5,567|
|Funds attributable|||to minority|interests||(9)|(560)|569||
|At 31March||2022|||6,292|116,767|21,274|7,659|151,992|
|Institute||||||||||
|At 1April|2021||||5,447|110,532|21,572||137,551|
|Incoming|resources||||18,382|4,002|7,552||29,936|
|Expenditure||and losses|||(17,609)||(15,990)||(33,599)|
|Transfers|of|funds|||72|(3,380)|3,308|||
|Revaluation||Movement||||5,567|||5,567|
|Investment||gains|||||1,557||1,557|
|At 31March||2022|||6,292|116,721|17,999||141,012|
##
##
##
|Fund balances at 31March 2021ar|e represented
by:|||||
|---|---|---|---|---|---|
|||Restricted||||
|||capital funds||||
||Restricted|and||||
||revenue|Revaluation|Unrestricted|2022|2021|
||funds|reserve funds|funds|Total|Total|
||6'000|6'000|f'000|6'000|6'000|
|Group||||||
|Intangible
fixed assets|||135|135|96|
|Tangible fixed assets||99,827|588|100,415|93,533|
|Investment
properties||3,400||3,400|3,700|
|Investments|6,332|13,540|10,262|30,134|34,878|
|Current
and long term assets|1,770||28,582|30,352|27,554|
|Total liabilities|(1,810)||(10,634)|(12,444)|(13,713)|
|Total funds|6,292|116,767|28,933|151,992|146,048|
|Minority
Interests|||(7,659)|(7,659)|(7,090)|
|Total net assets|6,292|116,767|21,274|144333|138,958|
|Institute||||||
|Tangible fixed assets||99,827||99,827|92,945|
|Investment
properties||3,400||3,400|3,700|
|Investments|6,332|13,494|15,532|35,358|40,225|
|Current assets|1,770||8,993|10,763|10,462|
|Total liabilities|(1,810)||(6,526)|(8,336)|9,781)|
|Total net assets|6,292|116,721|17,999|141,012|137,551|
##
##
##
|Group||Institute|Institute|
|---|---|---|---|
|2022|2021|2022|2021|
|f'000|f'000|f'000|f'000|
|||||BRC||Institute|Institute|
|---|---|---|---|---|---|---|---|
||||2022||2021|2022|2021|
||||f'000||f'000|f'000|f'000|
|Within|one|year|1,200||1,200|8|509|
|Within|two|to five years|4,800||4,425|426|6|
||||6,000||5,625|434|515|
##
|he pension|charge r|epresents|contributions
pa|yable
and amoun|ted
to:|
|---|---|---|---|---|---|
|||||2022|2021|
|||||f'000|f'000|
|Babraham|Institute|||1,576|1,971|
|Babraham|Institute|Enterprise|Limited|11|8|
|Babraham|Research|Campus|Limited|226|210|
|||||1,813|2,189|
##
##
##
##
||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|
||||||||f'000|f'000|
|Financial|assets measured||at|amortised|cost||27,857|25,750|
|Financial|liabilities|measured||at amortised||cost|(9,602)|(9,499)|
##
|||||At|1April||At|31March|
|---|---|---|---|---|---|---|---|---|
||||||2021|Cash flows||2022|
||||||f'000|f'000||f'000|
|Cash|and|cash|equivalents||||||
|Cash|||||20,082|1,595||21,677|
|||Babraham
Research|Campus|Babraham|Institute|Institute|
|---|---|---|---|---|---|---|
|||Ltd||Enterprise||Ltd|
|||2022|2021|2022||2021|
|||f'000|6'000|f'000||6'000|
|Income|||768|1,484||967|
|Expenditure||(1,427)|(1,479)|(101)||(35)|
|Debtors at|31March 2021||||||
|Due within|one year|454|385|579||472|
|Creditors at 31March 2021||(361)|(328)|(139)||(25)|
##
##
##
##
##