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|**Contents**|**Pages**|
|---|---|
|Annual report of the trustees|1-13|
|Strategic report|14-20|
|Auditors report|21-23|
|Consolidated statement of financial activities (including consolidated income and|24-25|
|expenditure account)||
|Consolidated balance sheet|`26`|
|Charitable companybalance sheet|27|
|Consolidated statement of cash flow|`28`|
|Notes to the financial statements|29-58|





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||**2021**||**2020**||
|---|---|---|---|---|
||**Restricted**|**Unrestricted**|**Restricted**|**Unrestricted**|
|Income|26,933|4,716,183|120,237|7,005,701|
|Net movementinfunds|(1,869,728)|136,567|(1,560,190)|51,588|
|Total Reserves|30,045,090|9,826,230|31,914,818|9,689,663|





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|**Key metries**|**2021**|**2020**|
|---|---|---|
|Total visitor numbers|13,456|229,943|
|Skater numbers|O|47,540|
|Number ofM&Eevents|27|587|



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||||**2021**||**2020**|
|---|---|---|---|---|---|
|||**Restricted**|**Unrestricted**|**Total**|**Total**|
|||**Funds**|**Funds**|**Funds**|**Funds**|
||**Note**|£|£|£|£|
|**INCOME**||||||
|**Incomefrom charitable activities:**||||||
|Education and Science Centre|2|**26,933**|**86,072**|**113,005**|1,229,766|
|**Incomefrom other trading activities:**||||||
|Meetings and Events|||**351,999**|**351,999**|713,852|
|Carparkincome|||**409,374**|**409,374**|1,120,764|
|Cafes|||**16,106**|**16,106**|369,044|
|Gift shop|||**14,260**|**14,260**|104,115|
|Ice Rink|||||348,679|
|||**26,933**|**877,811**|**904,744**|3,886,220|
|**Investment income**||||||
|Rent receivable|||**2,128,538**|**2,128,538**|2,306,458|
|Bank interest and investmentincome|||**53,292**|**53,292**|77,340|
|receivable||||||
||||**2,181,830**|**2,181,830**|2,383,798|
|**Otherincome: **||||||
|Service chargereceivable|||**792,992**|**792,992**|824,037|
|Furlough and other grantincome|||**863,550**|**863,550**|31,883|
||||**1,656,542**|**1,656,542**|855,920|
|**TOTALINCOME**||**26,933**|**4,716,183**|**4,743,116**|7,125,938|
|**EXPENDITURE**||||||
|**Costsof raisingfunds: **||||||
|Meetings and Events||**47,617**|**303,021**|**350,638**|615,714|
|Car park|||**629,976**|**629,976**|649,933|
|Cafes||**15,299**|**169,771**|**185,070**|373,315|
|Catering management overheads||**6,502**|**157,658**|**164,160**|330,922|
|Retailoperating expenses||**69,103**|**29,204**|**98,307**|202,652|
|Property and service charge expenses||**615,568**|**1,226,510**|**1,842,078**|1,872,971|
|Ice Rink|||||283,748|
||4|**754,089**|**2,516,140**|**3,270,229**|4,329,255|





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||||`2021`||`2020`|
|---|---|---|---|---|---|
|||Restricted|Unrestricted|Total|Total|
|||Funds|Funds|Funds|Funds|
||Note|£|£|£|£|
|Expenditureoncharitable activities:||||||
|Education and Science Centre|4|1,142,572|2,364,931|3,507,503|4,013,141|
|TOTAL EXPENDITURE|4|1,896,661|4,881,071|6,777,732|8,342,396|
|NET INCOME/(EXPENDITURE) FOR THE||||||
|YEAR||(1,869,728)|(164,888)|(2,034,616)|(1,216,458)|
|Actuarial re-measurement|26||(30,000)|(30,000)|(130,000)|
|Net realised investment gain<br>Net unrealised investment (loss)|12<br>12||(6,003)<br>337,458|(6,003)<br>337,458|3,066<br>(165,210)|
|NET MOVEMENTINFUNDS FOR THE<br>YEAR|5a,20|(1,869,728)|136,567|(1,733,161)|(1,508,602)|
|Reconciliation of funds||||||
|Total funds brought forward||31,914,818|9,689,663|41,604,481|43,113,083|
|TOTAL FUNDS CARRIED FORWARD||30,045,090|9,826,230|39,871,320|41,604,481|





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|||**Note**|**2021**||**2020**||
|---|---|---|---|---|---|---|
||||£|£|£|£|
|**FIXED ASSETS**|||||||
|Tangible assets||**11**||**34,783,172**||36,611,577|
|Investments||**12**||**2,605,393**||2,247,512|
||**TOT AL FIXED ASSETS**|||**37,388,565**||38,859,089|
|**CURRENT ASSETS**|||||||
|Stock|||**44,901**||59,841||
|Debtors||**13**|**973,990**||1,309,433||
|Cash at bank andin|hand||**4,944,248**||3,749,105||
|**TOTAL CURRENT ASSETS**|||**5,963,139**||5,118,379||
|**CURRENT LIABILITIES**|||||||
|Creditors falling due|within one year|**14**|**2,580,384**||2,372,987||
|**NET CURRENT ASSETS**||||**3,382,755**||2,745,392|
|**TOTAL ASSETS LESS CURRENT**|||||||
|**LIABILITIES**||||**40,771,320**||41,604,481|
|**CREDITORS:**Amounts falling due after|||||||
|morethan one year||**15**||**(900,000)**|||
|**PROVISIONS FOR**|**LIABILITIES**|**16**|||||
||**NET ASSETS**|||**39,871,320**||41,604,481|
|**THE FUNDS OF THE CHARITY**|||||||
|Restrictedincome funds||**20**||**30,045,090**||31,914,818|
|Unrestrictedincome|funds|**20**||**9,826,230**||9,689,663|
|**TOTAL CHARITY FUNDS**||||**39,871,320**||41,604,481|





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||**Note**||**2021**||**2020**|
|---|---|---|---|---|---|
|||£|£|£|£|
|**FIXED ASSETS**||||||
|Tangible assets|11||**3,457,217**||3,776,117|
|Investments|12||**2,605,396**||2,247,515|
|**TOTAL FIXED ASSETS**|||**6,062,613**||6,023,632|
|**CURRENT ASSETS**||||||
|Debtors|13|**717,191**||1,456,311||
|Cash at bank andinhand||**3,095,272**||2,067,410||
|**TOTAL CURRENT ASSETS**||**3,812,463**||3,523,721||
|**CURRENT LIABILITIES**||||||
|Creditors falling due within one year|14|**203,951**||412,559||
|**NET CURRENT ASSETS**|||**3,608,512**||3,111,162|
|**TOTAL ASSETS LESS CURRENT**||||||
|**LIABILITIES**|||**9,671,125**||9,134,794|
|Creditors falling due after one year|15|||||
|PROVISIONS FOR LIABILITIES|16|||||
|**NET ASSETS**|||**9,671,125**||9,134,794|
|**THE FUNDS OF THE CHARITY**||||||
|Restricted funds|||**2,827,003**||3,337,468|
|Unrestricted funds|20||**6,844,122**||5,797,326|
|**TOTAL CHARITY FUNDS**|||**9,671,125**||9,134,794|





## 

||**Note**||**Group**||
|---|---|---|---|---|
|||**2021**||**2020**|
|||£||£|
|**CASH GENERA TED FROM**|||||
|**OPERATING ACTIVITIES**|**21**|**396,993**||2,628,737|
|**CASH FLOWS FROM**|||||
|**INVESTING ACTIVITIES**|||||
|Interest income|**22**|**53,292**||77,340|
|Repayment of loan from subsidiary|**22**||||
|Purchase of tangiblefixed assets|**22**|**(224,831)**||(2,107,720)|
|Net Purchase of investments|**22**|**(26,426)**||(32,519)|
|**CASH USED IN INVESTING**|||||
|**ACTIVITIES**||**(197,965)**||(2,062,899)|
|**CASH FLOWS FROM FINANCING**|||||
|**ACTIVITIES**|||||
|Proceeds of new borrowings||**1,000,000**|||
|Repayment of borrowings||**(3,885)**||(11,134)|
|**CASH FROM FINANCING ACTIVITIES**||**996,115**||(11,134)|
|**NET INCREASE IN**|||||
|**CASH& CASH EQUIVALENTS**||**1,195,143**||554,704|
|**RECONCILIATION OF NET CASHFLOW**||**TO**|||
|**MOVEMENT IN NET FUNDS**|||||
|Increase/(decrease)incash & cash|||||
|Equivalentsinthe year|**23**|**1,195,143**||554,704|
|Movementinfundsinthe year||**1,195,143**||554,704|
|Cash & cash equivalents at the|||||
|beginning of theyear||**3,749,105**||3,194,401|
|**TOTAL CASH & CASHEQUIVALENTS**|||||
|**AT THE END OF THE YEAR**||**4,944,248**||3,749,105|





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|Mechanical|5%|straight line|
|---|---|---|
|Building used for charitable purposes|2%|straight line|
|Internal fit out of buildings|4%|straight line|
|Fit out of exhibition|10%|straight line|
|Motor vehicles|20%|straight line|
|Fixtures, fittings and equipment|20%|straight line|
|Computer equipment|33.3%|straight line|
|Exhibitsinscience centre|33.3%|straight line|
|Roofing|6.66%|straight line|
|ReDiscover exhibition|20%|straight line|
|Design and central costs on ReDiscover|100%|straight line|
|Car Park fit out|4%-20%|straight line|





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||**Restricted**|U**nrestricted**|**Total**|**Total**|
|---|---|---|---|---|
||**Grants**|**Other Income**|**2021**|**2020**|
||£|£|£|£|
|Education and Science Centre|**26,933**|**86,072**|**113,005**|1,261,649|





## 

||**International CentreforLife**|**International CentreforLife**|
|---|---|---|
||**(Property) Limited**||
||**2021**|**2020**|
|**Profitand lossaccount**|£|£|
|Administrative expenses|**(3,883,809)**|(4,888,656)|
|Turnover and other operating income|**5,510,482**|7,161,727|
|Interest payable|**(4,638)**|(9,691)|
|Interest receivable|**124**|1,780|
|Net profit|**1,622,159**|2,265,160|
|Taxation|**(260)**|(6,248)|
|Profit after taxation|**1,621,899**|2,258,912|
||**International CentreforLife**||
||**(Property)**|**Limited**|
||**2021**|**2020**|
|**Balance sheet**|£|£|
|Tangible fixed assets|**31,325,955**|32,835,461|
|Current assets|**2,554,994**|2,220,978|
|Creditors due within1year|**(2,780,751)**|(2,506,334)|
|Creditors due after1year|**(900,000)**|(80,415)|
|Provisions|**(27,224,887)**|(28,585,670)|
|Net Assets|**2,975,312**|3,884,020|
|Aggregate capital and reserves|**2,975,312**|3,884,020|





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|4.<br>**EXPENDIT**|**URE**|||||||
|---|---|---|---|---|---|---|---|
|||Direct||Direct|Support||2020|
|||staff|Depreciation|costs|costs|Total|Total|
|||£|£|£|£|£|£|
|Costofraisingfunds||||||||
|Meetings and Events||121,879|52,335|62,156|114,269|350,639|615,712|
|Car park||155,364|105,400|236,432|132,779|629,975|649,934|
|Cafes||90,638|45,835|43,125|5,473|185,071|373,315|
|Catering management||140,018|15,870|7,996|275|164,159|330,922|
|overheads||||||||
|Retail operating expenses|||86,420|7,011|4,876|98,307|202,653|
|Servicecharge expenses||365,632|650,283|638,019|188,145|1,842,079|1,872,971|
|IceRink|||||||283,748|
|||873,531|956,143|994,739|445,817|3,270,230|4,329,255|
|Charitableactivities||||||||
|Education and|Science|||||||
|Centre||1,104,972|1,086,272|573,028|743,230|3,507,502|4,013,141|
|Total||1,978,503|2,042,415|1,567,767|1,189,047|6,777,732|8,342,396|



## 

|**MOVEMENT IN FUNDS FOR THE YEAR**|||
|---|---|---|
||2021|2020|
||£|£|
|After charging/(crediting):|||
|Depreciation of fixed assets|2,053,236|1,821,536|
|Profit on disposal of investments|(6,003)|3,066|
|Unrealised profiU(loss) on investments|337,458|(165,210)|
|Auditors remuneration (for statutory audit|||
|services)-RSM UK Audit LLP|22,500|21,000|
|Auditors remuneration (for service charge audit|||
|services)-RSM UK Tax & Accounting Limited|2,600|2,600|
|Auditors remuneration (for tax services)-RSM UK|||
|Tax & Accounting Limited|1,950|1,950|
|Operating lease rentals-equipment|28,823|35,498|
|After crediting:|||
|Rents receivable under operating leases|2,128,538|2,306,458|
|Furloughgrant income|835,011|31,883|





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|**(CHARITABLE**<br>**COMPANY ONLY)**|||
|---|---|---|
||**2021**|**2020**|
||£|£|
|Operating expenses|**(3,347,238)**|(3,899,128)|
|Income from admissions, grants etc|**993,701**|1,699,294|
|Interest receivable|**57,806**|85,251|
|Gift Aidreceived from subsidiary|**2,530,607**|2,725,431|
|Realised gains from investments|**(6,003)**|3,066|
|Unrealised gains from investments|**337,458**|(165,210)|
|Actuarial remeasurement|**(30,000)**|(130,000)|
||**536,331**|318,704|



## 

|£170,750) split as follows:|||
|---|---|---|
||**2021**|**2020**|
||£|£|
|Wages and salaries|**143,470**|121,835|
|Social security costs|**17,477**|15,379|
|Pension costs|**47,129**|33,536|
||**208,076**|170,750|





|`7. `|**STAFF COSTS**|||
|---|---|---|---|
|||**2021**|**2020**|
|||£|£|
||**Staffcosts: **|||
||Wages and salaries|**2,410,689**|2,662,448|
||Social security costs|**206,244**|220,124|
||Other pension costs|**193,125**|149,484|
|||**2,810,058**|3,032,056|



|The averagenumberofemployeesduring<br>follows:|the year was as||||
|---|---|---|---|---|
||**2021**||**2020**||
||**No**||**No**||
|Science communications||**25**||30|
|Trading and operations||**57**||95|
|Property||**24**||31|
|Administration and support||**15**||18|
|||**121**||174|





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||2021|2020|
|---|---|---|
|£60,000-£70,000||2|
|£70,000-£80,000|3|1|
|£80,000-£90,000|1|1|
|£90,000-£100,000|1||
|£120,000-£130,000||1|
|£140,000-£150,000|1||



|TAXATION||Group||Company|Company|
|---|---|---|---|---|---|
||2021||2020|2021|2020|
||£||£|£|£|
|Corporation tax charge-current year||||||
|Deferred Tax charge|||6,248|||



|The differences are explained below:|||||
|---|---|---|---|---|
|||Group|Company||
||2021|<br>2020|2021|2020|
||£|£|£|£|
|Profit on ordinary activities of trading|||||
|subsidiary before tax|1,622,159|<br>2,265,160|||
|Profit on ordinary activities at the|||||
|standard rate of corporation taxinthe|||||
|UK of 19% (2020: 19%)|308,210|<br>430,380|||
|Effects of:|||||
|Expenses not deductible for tax|280,878|<br>279,123|||
|purposes|||||
|Non-taxable income|(258,549)|<br>(258,550)|||
|Gift aid deduction|(333,455)|<br>(433,315)|||
|Other short term timing differences|||||
|Adjustment to previous years|3,176|<br>(11,390)|||
|Current tax charge for the period|260|<br>6,248|||





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||||**Fixtures**|||
|---|---|---|---|---|---|
||**Land and**|**Plant and**|**and**|**Motor**||
|**GROUP**|**buildings**|**equipment**|**fittings**|**vehicles**|**Total **|
|**Cost**|£|£|£|£|£|
|At1April 2020|42,031,618|9,321,615|18,642,357|24,430|70,020,020|
|Additions||202,746|22,085||224,831|
|At31March2021|**42,031,618**|**9,524,361**|**18,664,442**|**24,430**|**70,244,851**|
|**Depreciation**||||||
|At1April 2020|13,936,315|5,156,910|14,296,950|18,268|33,408,443|
|Charge for the year|751,439|587,092|709,819|4,886|2,053,236|
|At31March2021|**14,687,754**|**5,744,002**|**15,006,769**|**23,154**|**35,461,679**|
|**Net book value:**||||||
|At31March2021|**27,343,864**|**3,780,359**|**3,657,673**|**1,276**|**34,783,172**|
|At31March 2020|28,095,303|4,164,705|4,345,407|6,162|36,611,577|





## 

|||**Fixtures**|||
|---|---|---|---|---|
|**CHARITABLE**|**Plant and**|**and**|**Motor**||
|**COMPANY**|**equipment**|**fittings**|**vehicles**|**Total**|
|**Cost**|£|£|£|£|
|At1April 2020|8,104,398|193,700|24,430|8,322,528|
|Additions|190,732|||190,732|
|At31March 2021|**8,295,130**|**193,700**|**24,430**|**8,513,260**|
|**Depreciation**|||||
|At1April 2020|4,334,166|193,977|18,268|4,546,411|
|Charge for the year|504,746||4,886|509,632|
|At31March 2021|**4,838,912**|**193,977**|**23,154**|**5,056,043**|
|**Net book value:**|||||
|At31March 2021|**3,456,218**|**(277)**|**1,276**|**3,457,217**|
|At31March 2020|3,770,232|{277}|6,162|3,776,117|





## 

||**Group**||**Company**||
|---|---|---|---|---|
||**2021**|**2020**|**2021**|**2020**|
||£|£|£|£|
|**AT MARKETVALUE: **|||||
|UK listed equity investments|**362,265**|299,382|**362,265**|299,382|
|UK fixed and variable interest stocks|**516,859**|677,274|**516,859**|677,274|
|UK Investment properties|**143,169**|167,440|**143,169**|167,440|
|InvestmentsinUK unlisted subsidiary|||||
|undertakings|||3|3|
|Cash|**170,947**|161,023|**170,947**|161,023|
|**Total UK investments**|**1,193,240**|1,305,119|**1,193,240**|1,305,122|
|Overseas listed equity investments|**696,181**|486,969|**696,181**|486,969|
|Overseas fixed and variable interest|||||
|stocks|**715,972**|455,425|**715,972**|455,425|
|Total|**2,605,393**|2,247,512|**2,605,396**|2,247,515|



||**Description and**||
|---|---|---|
|**Proportion ofshare**||**Natureof**|
||**Capital**|**business**|
|International Centre for Life (Property) Limited|Ordinary 100%|Property|
|(Registeredno:0326"1320)||company|
|InternationalCentre forLife(Trading)Limited|Ordinary 100%|Dormant|
|(Registered no: 03249323)|||



||**International**|**Centrefor**|**International Centre**|**International Centre**|
|---|---|---|---|---|
||**Life (Property) Ltd**||**forLife (Trading) Ltd**||
|**Authorised**|**2021**|**2020**|**2021**|**2020**|
|Equityinterests-ordinary shares of£1||||100|
|**Allotted,called up andfullypaid**|||||
|Equityinterests-ordinarysharesof£1||2||1|





## 

||**Group**||**Company**||
|---|---|---|---|---|
||**2021**|**2020**|**2021**|**2020**|
||£|£|£|£|
|**Movements**|||||
|At1April 2020|**2,247,512**|2,377,137|**2,247,515**|2,377,140|
|Additions|**554,209**|485,240|**554,209**|485,240|
|Disposal proceeds|**(537,708)**|(520,868)|**(537,708)**|(520,868)|
|Cash movements|**9,925**|68,147|**9,925**|68,147|
|Netrealised (losses )/gains|**(6,003)**|3,066|**(6,003)**|3,066|
|Net unrealised investment|||||
|gains/(Iosses)|**337,458**|(165,210)|**337,458**|(165,210)|
|Total|**2,605,393**|2,247,512|**2,605,396**|2,247,515|



## 

|**DEBTORS**|||||
|---|---|---|---|---|
||**Group**||**Company**||
||**2021**|**2020**|**2021**|**2020**|
||£|£|`£`|`£`|
|Debtors due within one year:|||||
|Amounts due from group|||||
|undertakings|||**325,026**|358,322|
|Inter company commercial loan|||**79,293**|187,400|
|Tradedebtors|**394,103**|262,020|**2,590**|12,829|
|Other debtors|**48,640**|35,532|**26,348**|21,540|
|Other taxes andsocialsecurity|**57,657**|22,061|**57,657**|22,061|
|Prepayments and accrued income|**472,547**|988,517|**226,277**|773,562|
|Deferred tax (note 16)|**1,043**|1,303|||
||**973,990**|1,309,433|**717,191**|1,375,714|
|Debtors due after more than oneyear:|||||
|Inter company commercial loan||||80,597|
|Total|**973,990**|1,309,433|**717,191**|1,456,311|





## 

||||Company|Company|
|---|---|---|---|---|
||||2021|2020|
||||`£`|`£`|
|Inone year or less on demand|||79,293|187,400|
|Inmore than one year but not more than two years||||80,597|
|Inmore than two years but not more than five years|||||
|Inmore than five years|||||
||||79,293|267,997|
|CREDITORS:Amounts fallingdue|||||
|withinone year:|Group||Company||
||2021|2020|2021|2020|
||£|£|£|£|
|Amounts owed to group undertakings|||||
|CBIL Loan|100,000|3,885||3,885|
|Finance Lease liabilities|5||5||
|Trade creditors|256,035|489,090|17,122|232,241|
|Other taxes and social security costs|390,127|233,853|48,065|55,029|
|Accruals and deferred income|1,035,879|978,074|105,294|86,540|
|Otherereditors|7981338|008,085|331465|34,864|
||2,580,384|2,372,987|203,951|412,559|



## 

|Deferred Income|Group||Company|Company|
|---|---|---|---|---|
||2021|2020|2021|2020|
||£|£|£|£|
|As at1April 2020|819,808|780,355|20,339|40,653|
|Released|(819,808)|(780,355)|(20,339)|(40,653)|
|Deferred|8461972|819,808|151708|20,339|
|As at31March 2021|846,972|819,808|15,708|20,339|



## 

|due after one year|Group|||Company||
|---|---|---|---|---|---|
||2021|2020|2021||2020|
||`£`|`£`|`£`||`£`|
|CBIL Loan|900,000|||||
||900,000|||||





## 

|**16. PROVISIONS**<br>**Deferred tax**|||||||
|---|---|---|---|---|---|---|
||**2021**||**2020**|**2021**||**2020**|
||£||£|£||£|
|As at1April 2020|**(1,303)**||(7,551)||||
|Chargedinthe year|**260**||6,248||||
|As at31March 2021|**(1,043)**||(1,303)||||
|**Future Pension**|||||||
|**Contributions**||**Group**|||**Company**||
||**2021**||**2020**|**2021**||**2020**|
||£||£|£||£|
|As at1April 2020|||135,700|||135,700|
|Creditedinthe year||(-)|(135,700)||(-)|(135,700)|
|Provision for future pension|||||||
|contributions|||||||



## 

||**2021**|**2020**|
|---|---|---|
||£|£|
|Operating leases which expire:|||
|Less than one year|**17,753**|27,548|
|Within2to5years|**7,003**|4,535|
|After5years|||
||**24,756**|32,083|



## 

||**2021**|**2020**|
|---|---|---|
|Amounts receivable:|£|£|
|Less than one year|**2,226,444**|2,233,089|
|Between one and five years|**8,898,357**|8,913,962|
|After five years|**14,447,416**|16,668,255|
||**25,572,217**|27,815,305|





## 

## 

|**18.**|**ANALYSIS OF TOTAL FUNDS- GROUP**|**Unrestricted**|**Restricted**|**2021**|**2020**|
|---|---|---|---|---|---|
|||£|£|£|£|
||**Analysisby typeofasset andliability**|||||
||Tangible fixed assets|**7,459,270**|**29,929,295**|**37,388,565**|38,859,089|
||Net current assets|**3,266,960**|**115,795**|**3,382,755**|2,745,392|
||Creditors after one year|**(900,000)**||**(900,000)**|(-)|
||Provisions|**(-)**||**(-)**|(-)|
||**TOTAL**|**9,826,230**|**30,045,090**|**39,871,320**|41,604,481|
||2020 total|9,689,663|31,914,818|41,604,481||
||**ANALYSIS OF TOTAL FUNDS- TRUST**|**Unrestricted**|**Restricted**|**2021**|**2020**|
|||£|£|£|£|
||**Analysisby typeofasset andliability**|||||
||Tangible fixed assets|**3,351,405**|**2,711,208**|**6,062,613**|6,023,632|
||Net current assets|**3,492,717**|**115,795**|**3,608,512**|3,111,162|
||Creditors after one year|(-)||**(-)**|(-)|
||Provisions|**(-)**||**(-)**|(-)|
||**TOTAL**|**6,844,122**|**2,827,003**|**9,671,125**|9,134,794|
||2020 total|5,797,326|3,337,468|9,134,794||





## 

||**Group**||**Company**|**Company**|
|---|---|---|---|---|
||**2021**|**2020**|**2021**|**2020**|
||£|£|`£`|`£`|
|**FINANCIAL ASSETS**|||||
|Debt instruments measured at|amortised cost:||||
|Group debtors|||**404,319**|626,319|
|Trade debtors|**394,103**|262,020|**2!,_590**|12,829|
|Other debtors|**48,641**|35,532|**26,349**|21,540|
|Accrued income|**209,468**|504,993|**140,324**|458,628|
|**TOTAL**|**652,212**|802,544|**573,582**|1,119,316|
|**FINANCIAL LIABILITIES**|||||
|Measured at amortised cost:|||||
|Group creditors|||||
|Trade creditors|**256,035**|489,090|**17,122**|232,241|
|Other creditors|**798,338**|668,085|**33,465**|34,864|
|Accruals|**188,906**|278,324|**89,586**|186,258|
|**TOTAL**|**1,243,279**|1,435,499|**140,173**|453,363|





## 

|**20. RECONCILIATION OF MOVEMENTINFUNDS**||||||
|---|---|---|---|---|---|
||£|£|£|£|£|
||||**2021**||**2020**|
|**Unrestricted reserves- group**|**General**|**Capital**|**Future**|**Total**|**Total**|
||**Reserves**|**Renewal**|**Development**|||
|||**Reserve**|**Reserve**|||
|Netincome/(expenditure) forthe year|**(164,888)**|||**(164,888)**|343,732|
|Actuarial re-measurement|**(30,000)**|||**(30,000)**|(130,000)|
|Realised (Iosses)/gains on investments|**(6,003)**|||**(6,003)**|3,066|
|Unrealised gains/(Iosses) on investments|**337,458**|||**337,458**|(165,210)|
|Transfer to/(from) designated reserves||||||
|Expenditure from designated reserves|**307,528**|**(273,585)**|**(33,943)**|||
|Opening funds|**7,629,727**|**1,627,086**|**432,850**|**9,689,663**|9,638,075|
|**Closingfunds**|**8,073,822**|**1,353,501**|**398,907**|**9,826,230,**|9,689,663|
||||**2021**||**2020**|
|**Unrestricted reserves- company**|**General**|**Capital**|**Future**|**Total**|**Total**|
||**Reserves**|**Renewal**|**Development**|||
|||**Reserve**|**Reserve**|||
|Netincome/(expenditure) forthe year|**(1,785,266)**|||**(1,785,266)**|(1,913,658)|
|Gift aid received|**2,530,607**|||**2,530,607**|2,725,431|
|Actuarial re-measurement|**(30,000)**|||**(30,000)**|(130,000)|
|Realised (Iosses)/gains on investments|**(6,003)**|||**(6,003)**|3,066|
|Unrealised gains/(Iosses) on investments|**337,458**|||**337,458**|(165,210)|
|Transfer to/(from) designated reserves||||||
|Expenditure from designated reserves|**307,528**|**(273,585)**|**(33,943)**|||
|Opening funds|**3,737,390**|**1,627,086**|**432,850**|**5,797,326**|5,277,697|
|**Closingfunds**|**510911714**|**113531501**|**3981907**|**618441122**|5,797,326|





## 

||||||Balance at|
|---|---|---|---|---|---|
|Restrictedfunds-Group-||Balance at|Incoming|Outgoing|31March|
|currentyear||1April2020|resources|Resources|2021|
|||£|£|£|£|
|Construction of International||||||
|Centre for Life||28,588,282||(1,359,263)|<br>27,229,019|
|Education programme||161,657|<br>26,433|(11,138)|<br>176,952|
|Experiment Zone||196,689||(37,754)|<br>158,935|
|Brain Zone||390,000||(65,000)|<br>325,000|
|Creative Explorations||2,578,190|500|<br>(423,506)|<br>2.155.184|
|||31,914,818|26,933|(1,896,661)|<br>30,045,090|
|Restrictedfunds -Group-||||Balance at||
|prioryear|Balance at||Incoming|Outgoing|31March|
||1|April2019|resources|Resources|2020|
|||£|£|£|£|
|Construction of International||||||
|Centre for Life||29,957,242||(1,368,960)|28,588,282|
|Education programme||157,457|70,287|(66,087)|161,657|
|Experiment Zone||234,443||(37,754)|196,689|
|Brain Zone||455,000||(65,000)|390,000|
|Creative Explorations||2,670,866|49,950|(142,626)|2,578,190|
|||33,475,008|120,237|(1,680,427)|31,914,818|





## 

|Restrictedfunds - Trust - current|Balance at|||Balance at|
|---|---|---|---|---|
|year|1April|Incoming|Outgoing|31March|
||2020|resources|Resources|2021|
||£|£|£|£|
|Construction of International Centre|2,106|||2,106|
|for Life|||||
|Experiment Zone|196,689||(37,754)|158,935|
|Brain Zone|390,000||(65,000)|325,000|
|Curiosity Gallery programming|110,907|||110,907|
|Maker Programming|33,940|10,000||43,940|
|Creative Explorations|2,578,190|500|(423,506)|2,155,184|
|Other Programming|25,636|16,433|(11,138)|30,931|
||3,337,468|26,933|(537,398)|2,827,003|
|Restrictedfunds - Trust - prior|Balance at|||Balance at|
|year|1April2019|Incoming|Outgoing|31March|
|||resources|Resources|2020|
||£|£|£|£|
|Construction of International|||||
|CentreforLife|11,802||(9,696)|<br>2,106|
|Experiment Zone|234,443||(37,754)|<br>196,689|
|Brain Zone|455,000||(65,000)|<br>390,000|
|CuriosityGalleryprogramming|110,907|||110,907|
|Maker Programming|33,944||(4)|33,940|
|EUTinkering Programming|||||
|Creative Explorations|2,670,866|49,950|(142,626)|2,578,190|
|Other Programming|21,431|70,287|(66,082)|25,636|
||3,538,393|120,237|(321,162)|<br>3,337,468|



## 

## 



## 

## 

## 

## 

## 

## 

## 



## 

|||Grant||Grants|Grants||
|---|---|---|---|---|---|---|
||Original|releaseto|Balance at|received|released|Balance at|
|Construction ofInternational|<br>Grantat1|1April|1April|in the|in the|31March|
|CentreforLife|April2020|2020|2020|year|year|2021|
||£|£|£|£|£|£|
|International Centrefor Life|(Property)Limited||||||
|TWDC|11,000,000|5,672,949|5,327,051||252,376|5,074,675|
|MC|31,422,188|16,250,349|15,171,839||718,787|14,453,052|
|ERDF|10,500,000|5,442,550|5,057,450||239,604|4,817,846|
|Welleome|3,299,671|1,685,204|1,614,467||76,488|1,537,979|
|EP/OneNorthEast|2,000,000|1,018,525|981,475||46,499|934,976|
|Garfield Weston|130,697|71,582|59,115||2,800|56,315|
|Garfield Weston|269,303|189,052|80,251||10,804|69,447|
|One Ine Units|638,~63|354,687|283,476||11,905|271,571|
|MC Canopy|98,890|89,362|9,528|||9,528|
|IHG|7,000|7,000|||||
||59,365,912|30,781,260|28,584,652||1,359,263|27,225,389|





## 

|||Grant||Grants|Grants||
|---|---|---|---|---|---|---|
||Original|releaseto|Balance at|received|released|Balance at|
|Construction ofInternational|Grant at1|1April|1April|in the|in the|31March|
|CentreforLife|April2020|2020|2020|year|year|2021|
|International CentreforLife|||||||
|Trust|||||||
|ONE Swann Room|54,232|54,232|||||
|Garfield Weston Rediscover3|500,000|500,000|||||
|EP Rediscover2|300,000|300,000|||||
|GKP Rediscover2|84,000|84,000|||||
|MC Rediscover2|756,528|755,004|1,524|||1,524|
|MC Rediscover3|1,122,447|1,122,447|||||
|GKP Rediscover3|50,000|50,000|||||
|Wellcome Trust Rediscover2|372,538|370,432|2,106|||2,106|
|IHG Rediscover3|120,000|120,000|||||
|Carbon Neutral Rediscover3|19,170|19,170|||||
|Wellcome Trust Rediscover3|1,125,000|1,125,000|||||
||4,503,915|4,500,285|3,630|||3,630|
|TOTAL|63,869,827|35,281,545|28,858,282||1,359,263|27,229,019|





## 

||||**Group**||
|---|---|---|---|---|
|||**2021**||2020|
|||£||£|
||Net movementinfunds|**(1,733,161)**||(1,508,602)|
||Depreciation|**2,053,236**||1,821,536|
||(Profit)on disposalfixed asset||||
||Loss/(Profit) on valuation of invmnts|**(331,455)**||162,143|
||Taxation|**260**||6,248|
||Interest receivable|**(53,292)**||(77,340)|
||(Increase)/decreaseinstocks|**14,940**||(6,027)|
||Decreaseindebtors|**335,183**||2,504,443|
||(Decrease)/increaseincreditors and provisions|**111,282**||(273,665)|
|||**396,993**||2,628,736|
|**22. **|**ANAL YSIS OF CASHFLOWS FOR HEADINGS**||||
||**NETTED IN THE CASH FLOW STATEMENT**||||
||||**Group**||
|||**2021**||2020|
|||£||£|
||Returns on investment and servicing of finance||||
||Interest received|**53,292**||77,340|
||Loans repaid by subsidiary||||
||Net cash inflow from returns on investments and||||
||servicing of finance|**53,292**||77,340|
||Capital expenditure and financial investment||||
||Purchase oftangible fixed assets|**(224,831)**||(2,107,720)|
||Sale of tangible fixed assets||||
||Net cash outflow from capital expenditure|**(224,831)**||(2,107,720)|
||Purchase of investments|**(564,134)**||(553,387)|
||Sale ofinvestments|**537,708**||520,868|
||Net cash outflow from investment expenditure|**(26,426)**||(32,519)|





## 

|**Group**|**2020**|**Cashflow**|**2021**|
|---|---|---|---|
||£|£|£|
|Cash atbank andinhand|**3,749,105**|**1,195,143**|**4,944,248**|
||**3,749,105**|**1,195,143**|**4,944,248**|



## 

## 

## 

|**CAPITAL COMMITMENTS**|||||||
|---|---|---|---|---|---|---|
|||**Group**|||**Company**||
||**2021**||2020|**2021**||2020|
||£||£|£||£|
|Capitalcommitments are as|||||||
|follows:|||||||
|Contracted for but not providedfor:|||||||
|Authorised but not contracted for:|||||||





## 

||**2021**|**2020**|
|---|---|---|
||%|%|
|Rate of increaseinsalaries|4.2|3.6|
|Rate of increase for pensionsinpayment|2.7|2.1|
|Discount rate|2.1|2.3|
|Inflation assumption (CPI)|2.7|2.1|



||**2021**|**2020**|
|---|---|---|
||**Years**|**Year**|
|Retiring today|||
|Males|21.9|21.8|
|Females|25.1|25.0|
|Retiringin20 years|||
|Males|23.6|23.5|
|Females|26.9|26.8|



## 

|**shareofthe assets in the scheme**|||
|---|---|---|
||**2021**|**2020**|
||**Fair value**|**Fair value**|
||**£,000**|**£'000**|
|Equities|4,870|3,984|
|Government Bonds|190|298|
|Corporate Bonds|1,740|1,112|
|Cash|350|167|
|Property|690|655|
|Other assets|930|1,054|
|**Totalfairvalueofassets**|8,770|7,270|
|Actual return on scheme assets|1.420||





## 

|**Amountsrecognised**<br>**in the StatementofFinancialActivities**|||
|---|---|---|
||**2021**|**2020**|
||**£'000**|**£'000**|
|Current service cost|110|110|
|Net interest cost|(10)|(20)|
|Past service cost||1Q|
||100|100|
|**Changes in the present valueofdefined benefitobligations**|||
|||**2021**|
|||**£'000**|
|Obligationsat1April 2020||6,980|
|Current Service cost||110|
|Interest cost||160|
|Actuarial (gain)/Ioss||870|
|Employee contributions||30|
|Benefits paid||(80)|
|Past service cost|||
|At31March 2021|||



## 

|**thefairvalueoftheTrust'sshareofscheme assets**||
|---|---|
||**2021**|
||**£'000**|
|Assets at1April 2020|7,270|
|Interest income|170|
|Re-measurement gains/(Iosses) on assets|1,250|
|Employer contributions|130|
|Employee contributions|30|
|Benefits paid|(80)|
|At31March 2021|**8.770**|



|Theactuarialmovement for 2021istherefore the included asfollows:-||
|---|---|
|Actuarial (gain)/Ioss|870|
|Re-measurement gains/(Iosses) on assets|(1,250)|
|Movementinasset value (not recognised as per FRS 102 para28.22)|410|
||30|





## 

|**Trustee**|**Related party**|**Natureof**|**Income**|**Expenditure**|**Expenditure**|**Balance due**|
|---|---|---|---|---|---|---|
||**andinterest**|**transaction**|£||£|**as at31**|
|||||||**March 2021**|
|||||||£|
|Jane|Dean of||||||
|Robinson|Engagement||||||
||andPlace,|Rent and service|**2,163,239**|||**6,199**|
||Newcastle|charges|(2020:|||(2020:|
||University||2,155,688)|||75,934)|
|Joris Veltman|Director of||||||
||Institute of||||||
||Genetic||||||
||Medicine,||||||
||Newcastle||||||
||University||||||
|Linda Conlon|Chair of|Membership||**3,122**|(2020:|-|
||Association of|fees||3,126)||-|
||Science-|Conference fees||**2,091**|(2020:||
||Technology|||1,939)|||
||Centres (ASTC)||||||
||to October 2020||||||