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|**Contents**|**Pages**|
|---|---|
|Annual report of the trustees|1- 14|
|Strategic report|15- 21|
|Auditors report|22-24|
|Consolidated statement of financial activities (including consolidated income and|25-26|
|expenditure account)||
|Consolidated balance sheet|27|
|Charitable company balance sheet|28|
|Consolidated statement of cash flow|29|
|Notes to the financial statements|30-59|





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||**2022**||**2021**||
|---|---|---|---|---|
||**Restricted**|**Unrestricted**|**Restricted**|**Unrestricted**|
|Income|186,915|6,448,263|26,933|4,716,183|
|Net movement in funds|(1,761,233)|587,123|(1,869,728)|136,567|
|Total Reserves|28,283,857|10,413,353|30,045,090|9,826,230|





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|**Key metrics**|**2022**|**2021**|
|---|---|---|
|Total visitor numbers|124,796|13,456|
|Skater numbers|39,319|o|
|Science Centre and Education visitors|85,477|13,456|






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|||||||**2022**||**2021**|
|---|---|---|---|---|---|---|---|---|
||||||**Restricted**|**Unrestricted**|**Total**|**Total**|
||||||**Funds**|**Funds**|**Funds**|**Funds**|
|||||**Note**|£|£|£|£|
|**INCOME**|||||||||
|**Income from charitable activities:**|||||||||
|Education and Science Centre||||2|**186,915**|**660,986**|**847,901**|113,005|
|**Income from other trading activities:**|||||||||
|Meetings and Events||||||**904,054**|**904,054**|351,999|
|Car park income||||||**826,704**|**826,704**|409,374|
|Cafes||||||**211,148**|**211,148**|16,106|
|Giftshop||||||**93,738**|**93,738**|14,260|
|Ice Rink||||||**357,677**|**357,677**||
||||||**186,915**|**3,054,307**|**3,241,222**|904,744|
|**Investment income**|||||||||
|Rent receivable||||||**2,364,291**|**2,364,291**|2,128,538|
|Bank<br>interest|and|investment|income|||**46,003**|**46,003**|53,292|
|receivable|||||||||
|||||||**2,410,294**|**2,410,294**|2,181,830|
|**Other income:**|||||||||
|Service charge receivable||||||**844,557**|**844,557**|792,992|
|Furlough and other grant income||||||**139,105**|**139,105**|863,550|
|||||||**983,662**|**983,662**|1,656,542|
|**TOTAL INCOME**|||||**186,915**|**6,448,263**|**6,635,178**|4,743,116|
|**EXPENDITURE**|||||||||
|**Costs of raising **|**funds:**||||||||
|Meetings and Events|||||**47,617**|**352,003**|**399,620**|350,638|
|Car park||||||**649,021**|**649,021**|629,976|
|Cafes|||||**15,299**|**276,938**|**292,237**|185,070|
|Catering management overheads|||||**6,502**|**158,732**|**165,234**|164,160|
|Retail operating expenses|||||**69,103**|**97,753**|**166,856**|98,307|
|Property and service charge expenses|||||**616,878**|**1,186,871**|**1,803,749**|1,842,078|
|Ice Rink||||||**261,452**|**261,452**||
|||||4|**755,399**|**2,982,770**|**3,738,169**|3,270,229|





||||**2022**||**2021**|
|---|---|---|---|---|---|
|||**Restricted**|Unrestricted|Total|Total|
|||Funds|Funds|Funds|Funds|
||**Note**|£|£|£|£|
|Expenditureon charitable activities:||||||
|Education and Science Centre|4|**1,192,749**|**2,909,527**|**4,102,276**|3,507,503|
|**TOTAL EXPENDITURE**|4|**1,948,148**|**5,892,297**|**7,840,445**|6,777,732|
|**NET INCOME/(EXPENDITURE) FOR THE**||||||
|**YEAR**||**(1,761,233)**|**555,966**|**(1,205,267)**|(2,034,616)|
|Actuarial re-measurement|26||||(30,000)|
|Net realised investment gain<br>Net unrealised investment (loss)|12<br>12||**1,095**<br>**30,062**|**1,095**<br>**30,062**|(6,003)<br>337,458|
|**NET MOVEMENT IN FUNDS FOR THE**<br>**YEAR**|5a,20|**(1,761,233)**|**587,123**|**(1,174,110)**|(1,733,161)|
|**Reconciliation of funds**||||||
|Total funds brought forward||**30,045,090**|**9,826,230**|**39,871,320**|41,604,481|
|**TOTAL FUNDS CARRIED FORWARD**||**28,283,857**|**10,413,353**|**38,697,210**|39,871,320|





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|||**Note**||**2022**||**2021**|
|---|---|---|---|---|---|---|
||||£|£|£|£|
|**FIXED ASSETS**|||||||
|Tangibleassets||**11**||**33,193,768**||34,783,172|
|Investments||**12**||**2,662,468**||2,605,393|
|**TOTAL **|**FIXED ASSETS**|||**35,856,236**||37,388,565|
|**CURRENT ASSETS**|||||||
|Stock|||**42,465**||44,901||
|Debtors||**13**|**937,333**||973,990||
|Cash at bank and in hand|||**4,611,037**||4,944,248||
|**TOTAL CURRENT ASSETS**|||**5,590,835**||5,963,139||
|**CURRENT LIABILITIES**|||||||
|Creditors falling duewithin one year||**14**|**2,749,861**||2,580,384||
|**NET CURRENT ASSETS**||||**2,840,974**||3,382,755|
|**TOTAL ASSETS LESS CURRENT**|||||||
|**LIABILITIES**||||**38,697,210**||40,771,320|
|**CREDITORS:** Amounts falling due after|||||||
|more than one year||**15**||||(900,000)|
|**PROVISIONS FOR LIABILITIES**||**16**|||||
||**NET ASSETS**|||**38,697,210**||39,871,320|
|**THE FUNDS OF THE CHARITY**|||||||
|Restricted incomefunds||**20**||**28,283,857**||30,045,090|
|Unrestricted incomefunds||**20**||**10,413,353**||9,826,230|
|**TOTAL CHARITY FUNDS**||||**38,697,210**||39,871,320|





## 

|||**Note**||**2022**||**2021**|
|---|---|---|---|---|---|---|
||||£|£|£|£|
|**FIXED ASSETS**|||||||
|Tangibleassets||11||**3,270,469**||3,457,217|
|Investments||12||**2,662,471**||2,605,396|
|**TOTAL **|**FIXED ASSETS**|||**5,932,940**||6,062,613|
|**CURRENT ASSETS**|||||||
|Debtors||13|**398,176**||717,191||
|Cash at bank and in hand|||**2,669,486**||3,095,272||
|**TOTAL CURRENT ASSETS**|||**3,067,662**||3,812,463||
|**CURRENT LIABILITIES**|||||||
|Creditors fallingduewithin|one year|14|**437,455**||203,951||
|**NET CURRENT ASSETS**||||**2,630,207**||3,608,512|
|**TOTAL ASSETS LESS CURRENT**|||||||
|**LIABILITIES**||||**8,563,147**||9,671,125|
|Creditors falling due afterone year||15|||||
|Provisions for liabilities||16|||||
||**NET ASSETS**|||**8,563,147**||9,671,125|
|**THE FUNDS OF THE CHARITY**|||||||
|Restrictedfunds||||**2,426,342**||2,827,003|
|Unrestricted funds||20||**6,136,805**||6,844,122|
|**TOTAL CHARITY FUNDS**||||**8,563,147**||9,671,125|





||**Note**||**Group**||
|---|---|---|---|---|
|||**2022**||**2021**|
|||£||£|
|**CASH GENERATED FROM**|||||
|**OPERATING ACTIVITIES**|**21**|**1,269,643**||396,993|
|**CASH FLOWS FROM**|||||
|**INVESTING ACTIVITIES**|||||
|Interest income|**22**|**46,003**||53,292|
|Purchase oftangible fixed assets|**22**|**(622,940)**||(224,831)|
|Net Purchase of investments|**22**|**(25,917)**||(26,426)|
|**CASH USED IN INVESTING**|||||
|**ACTIVITIES**||**(602,854)**||(197,965)|
|**CASH FLOWS FROM FINANCING**|||||
|**ACTIVITIES**|||||
|Proceeds of new borrowings||||1,000,000|
|Repayment of borrowings||**(1,000,000)**||(3,885)|
|**CASH FROM FINANCING ACTIVITIES**||**(1,000,000)**||996,115|
|**NET (DECREASE)/INCREASE IN**|||||
|**CASH & CASH EQUIVALENTS**||**(333,211)**||1,195,143|
|**RECONCILIATION OF NET CASHFLOW TO**|||||
|**MOVEMENT IN NET FUNDS**|||||
|(Decrease)/ increase in Cash & cash|||||
|equivalents in the year|**23**|**(333,211)**||1,195,143|
|Movement in funds in the year||**(333,211)**||1,195,143|
|Cash & cash equivalents at the|||||
|beginning ofthe year||**4,944,248**||3,749,105|
|**TOTAL CASH & CASH EQUIVALENTS**|||||
|**AT THE END OF THE YEAR**||**4,611,037**||4,944,248|





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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 ofexhibition|10%|straight line|
|Motor vehicles|20%|straight line|
|Fixtures, fittings and equipment|20%|straight line|
|Computer equipment|33.3%|straight line|
|Exhibits in science 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 Parkfit out|4%- 20%|straight line|





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|||||**Restricted**|**Unrestricted**|**Total**|**Total**|
|---|---|---|---|---|---|---|---|
|||||**Grants**|**Other Income**|**2022**|**2021**|
|||||£|£|£|£|
|Education|and|Science|Centre|**186,915**|**660,986**|**847,901**|113,005|





## 

||**International Centre for Life**|**International Centre for Life**|
|---|---|---|
||**(Property) Limited**||
||**2022**|**2021**|
|**Profit and loss account**|£|£|
|Administrative expenses|**(4,342,534)**|(3,883,809)|
|Turnover and other operating income|**7,039,819**|5,510,482|
|Interest payable|**(3,859)**|(4,638)|
|Interest receivable|**1,232**|124|
|Net profit|**2,694,658**|1,622,159|
|Taxation|**(767)**|(260)|
|Profit after taxation|**2,693,891**|1,621,899|
||**International Centre for Life**||
||**(Property) Limited**||
||**2022**|**2021**|
|**Balance sheet**|£|£|
|Tangible fixed assets|**29,923,299**|31,325,955|
|Current assets|**2,656,785**|2,554,994|
|Creditors due within 1 year|**(2,446,018)**|(2,780,751)|
|Creditors due after 1 year||(900,000)|
|Provisions|**(25,864,104)**|(27,224,887)|
|Net Assets|**4,269,962**|2,975,312|
|Aggregate capital and reserves|**4,269,962**|2,975,312|





|4.<br>**EXP**|**ENDIT**|**URE**|||||||
|---|---|---|---|---|---|---|---|---|
||||Direct||Direct|Support||**2021**|
||||**staff**|**Depreciation**|**costs**|**costs**|**Total**|**Total**|
||||£|£|£|£|£|£|
|**Cost of raising funds**|||||||||
|Meetings and Events|||**87,059**|**51,936**|**134,378**|**126,247**|**399,620**|350,639|
|Car park|||**103,160**|**112,114**|**261,224**|**172,524**|**649,022**|629,975|
|Cafes|||**85,468**|**44,824**|**117,763**|**44,180**|**292,235**|185,071|
|Catering management|||**116,013**|**15,850**|**33,130**|**241**|**165,234**|164,159|
|overheads|||||||||
|Retail operating expenses|||**17,289**|**69,103**|**60,716**|**19,748**|**166,856**|98,307|
|Service charge expenses|||**311,916**|**680,060**|**685,647**|**126,125**|**1,803,748**|1,842,079|
|Ice Rink|||**40,274**||**146,747**|**74,432**|**261,453**||
||||**761,179**|**973,887**|**1,439,605**|**563,497**|**3,738,168**|3,270,230|
|**Charitable **|**activities**||||||||
|Education|and|Science|||||||
|Centre|||**1,170,869**|**1,094,320**|**901,467**|**935,621**|**4,102,277**|3,507,502|
|Total|||**1,932,048**|**2,068,207**|**2,341,072**|**1,499,118**|**7,840,445**|6,777,732|



|||**2022**|**2021**|
|---|---|---|---|
|||£|£|
|After charging/(crediting):||||
|Depreciation offixed assets||**2,079,032**|2,053,236|
|Loss on disposal offixed assets||**(133,312)**||
|Profit/(loss) on disposal of investments||**1,095**|(6,003)|
|Unrealised gain on investments||**30,062**|337,458|
|Auditors remuneration (for statutoryaudit||||
|services) - RSM UKAudit LLP||**26,000**|22,500|
|Auditors remuneration (for service charge|audit|||
|services) - RSM UKTax & Accounting Limited||**2,900**|2,600|
|Auditors remuneration (for tax services) -|RSM UK|||
|Tax & Accounting Limited||**3,300**|1,950|
|Operating lease rentals- equipment||**21,024**|28,823|
|After crediting:||||
|Rents receivable under operating leases||**2,364,291**|2,128,538|
|Furlough grant income||**139,105**|835,011|
||Page 37|||





## 

|**(CHARITABLE COMPANY ONLY)**|||
|---|---|---|
||**2022**|**2021**|
||£|£|
|Operating expenses|**(4,056,329)**|(3,347,238)|
|Income from admissions, grants etc|**1,472,668**|993,701|
|Interest receivable|**45,285**|57,806|
|GiftAid received from subsidiary|**1,399,241**|2,530,607|
|Realised gainsfrom investments|**1,095**|(6,003)|
|Unrealised gains from investments|**30,062**|337,458|
|Actuarial remeasurement||(30,000)|
||**{1,107,978)**|536,331|



## 

|£208,076) split asfollows:|||
|---|---|---|
||**2022**|**2021**|
||£|£|
|Wages and salaries|**141,586**|133,391|
|Social security costs|**18,318**|17,477|
|Pension costs|**49,272**|47,129|
||**209,176**|197,997|





|**7.**|**STAFF COSTS**|||
|---|---|---|---|
|||**2022**|**2021**|
|||£|£|
||**Staff costs:**|||
||Wages and salaries|**2,373,309**|2,410,689|
||Social securitycosts|**206,434**|206,244|
||Other pension costs|**172,302**|193,125|
||Redundancy costs|**51,698**||
|||**2,803,743**|2,810,058|
||The average number ofemployees during the year was as|||
||follows:|||
|||**2022**|**2021**|
|||**No**|**No**|
||Science communications|**25**|25|
||Trading and operations|**44**|57|
||Property|**24**|24|
||Administration and support|**16**|15|
|||**109**|121|





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||**2022**|**2021**|
|---|---|---|
|£60,000 - £70,000|**1**||
|£70,000 - £80,000|**2**|3|
|£80,000 - £90,000|**1**|1|
|£90,000 - £100,000||1|
|£140,000 - £150,000|**1**|1|
|£170,000 - £180,000|**1**||



## 

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|**TAXATION**||**Group**|**Company**|**Company**|
|---|---|---|---|---|
||**2022**|**2021**|**2022**|**2021**|
||£|£|£|£|
|Corporation tax charge- current year|||||
|Deferred Taxcharge|||||
|The tax assessed for the period is higher|than the standard rate of corporation tax in the UK.||||
|The differences are explained below:|||||
|||**Group**|**Company**||
||**2022**|**2021**|**2022**|**2021**|
||£|£|£|£|
|Profiton ordinary activities oftrading|||||
|subsidiary before tax|**2,694,658**|1,622,159|||
|Profit on ordinaryactivities at the|||||
|standard rate ofcorporation tax in the|||||
|UK of 19% (2021: 19%)|**511,985**|308,210|||
|Effects of:|||||
|Expenses not deductible for tax|**135,371**|280,878|||
|purposes|||||
|Non-taxable income|**(258,549)**|(258,549)|||
|Adjustment to previous years|**(507,535)**|(333,455)|||
|Remeasurement ofdeferred tax|**45,666**||||
|Other short term timing differences|**73,829**|3 176|||
|Current tax charge for the period|**767**|260|||





||||**Fixtures**||**Assets in the**||
|---|---|---|---|---|---|---|
||**Land and**|**Plant and**|**and**|**Motor**|**course of**||
|**GROUP**|**buildings**|**equipment**|**fittings**|**vehicles**|**construction**|**Total**|
|**Cost**|£|£|£|£|£|£|
|At 1 April 2021|42,031,618|9,524,361|18,664,442|24,430|-|70,244,851|
|Additions|-|464,267|132,469|-|36,300|633,036|
|Disposals|-|(691,215)|-|-|-|(691,215)|
|At 31 March 2022|**42,031,618**|**9,297,413**|**18,796,911**|**24,430**|**36,300**|**70,186,672**|
|**Depreciation**|||||||
|At 1 April 2021|14,687,754|5,744,002|15,006,769|23,154|-|35,461,679|
|Charge for the year|751,438|600,668|725,651|1,275|-|2,079,032|
|On disposals|-|(547,807)|-|-|-|(547,807)|
|At 31 March 2022|**15,439,192**|**5,796,863**|**15,732,420**|**24,429**|-|**36,992,904**|
|**Net book value:**|||||||
|At 31 March 2022|**26,592,42_6**|**3,500,550**|**3,064,491**|**1**|**36,300**|**33,193,768**|
|At 31 March 2021|27,343,864|3,780,359|3,657,673|1,276|-|34,783,172|





## 

|||**Fixtures**||**Assets in the**||
|---|---|---|---|---|---|
|**CHARITABLE**|**Plant and**|**and**|**Motor**|**course of**||
|**COMPANY**|**equipment**|**fittings**|**vehicles**|**construction**|**Total**|
|**Cost**|£|£|£|£|£|
|At 1 April 2021|8,295,130|193,700|24,430|-|8,513,260|
|Additions|412,563|24,677|-|36,300|473,540|
|Disposals|(639,576)|-|-|-<br>--|(639,_576)|
|At 31 March 2022|**8,068,117**|**218,377**|**24,430**|**36,300**|**8,347,224**|
|**Depreciation**||||||
|At 1 April 2021|4,838,912|193,977|23,154|-|5,056,043|
|Charge for the year|513,798|2,360|1,275|-|517,433|
|Disposals|(496,721)|-|-|-|(496,721)|
|At 31 March 2022|**4,855,989**|**196,337**|**24,429**|-|**5,076,755**|
|**Net book value:**||||||
|At 31 March 2022|**3,212,128**|**22,040**|**1**|**36,300**|**3,270,469**|
|At 31 March 2021|3,456,218|277)|1,276|-|3,457,217|





||**Group**||**Company**|**Company**|
|---|---|---|---|---|
||**2022**|**2021**|**2022**|**2021**|
||£|£|£|£|
|**AT MARKET VALUE:**|||||
|UK listed equity investments|**312,732**|362,265|**312,732**|362,265|
|UKfixed and variable interest stocks|**557,610**|516,859|**557,610**|516,859|
|UK Investment properties|**170,270**|143,169|**170,270**|143,169|
|Investments in UK unlisted subsidiary|||||
|undertakings|||**3**|3|
|Cash|**181,530**|170,947|**181,530**|170,947|
|**Total UK investments**|**1,222,142**|1,193,240|**1,222,145**|1,193,240|
|Overseas listed equity investments|**757,000**|696,181|**757,000**|696,181|
|Overseas fixed and variable interest|||||
|stocks|**683,326**|715,972|**683,326**|715,972|
|Total|**2,662,468**|2,605,393|**2,662,471**|2,605,396|



|||**Description and**||
|---|---|---|---|
||**Proportion of share**||**Nature of**|
|||**Capital**|**business**|
|International|Centre for Life (Property) Limited|Ordinary 100%|Property|
|(Registered|no: 03261320)||company|
|International|Centre for Life (Trading) Limited|Ordinary 100%|Dormant|
|(Registered|no: 03249323)|||



||**International **|**Centre for**|**International Centre**|**International Centre**|
|---|---|---|---|---|
||**Life (Property) Ltd**||**for Life (Trading) Ltd**||
|**Authorised**|**2022**|**2021**|**2022**|**2021**|
|Equity interests-ordinary shares of£1|||100|100|
|**Allotted, called up and fully paid**|||||
|Equity interests-ordinary shares of£1|||_1_|_1_|





## 

|**12.**<br>**INVESTMENTS** **_(Continued)_**|||||
|---|---|---|---|---|
||**Group**||**Company**||
||**2022**|**2021**|**2022**|**2021**|
||£|£|£|£|
|**Movements**|||||
|At 1 April 2021|**2,605,393**|2,247,512|**2,605,396**|2,247,515|
|Additions|**79,135**|554,209|**79,135**|554,209|
|Disposal proceeds|**(63,801)**|(537,708)|**(63,801)**|(537,708)|
|Cash movements|**10,584**|9,925|**10,584**|9,925|
|Net realised gains/(losses)|**1,095**|(6,003)|**1,095**|(6,003)|
|Net unrealised investment gains|**30,062**|337,458|**30,062**|337,458|
|Total|**2,662,468**|2,605,393|**2,662,471**|2,605,396|



|**DEBTORS**|||||
|---|---|---|---|---|
||**Group**||**Company**||
||**2022**|**2021**|**2022**|**2021**|
||£|£|£|£|
|Debtors due within one year:|||||
|Amounts due from group|||||
|undertakings|||**133,612**|325,026|
|Inter companycommercial loan||||79,293|
|Trade debtors|**417,132**|394,103|**6,900**|2,590|
|Other debtors|**3,212**|48,640|**3,212**|26,348|
|Other taxes and social security|**22,333**|57,657|**22,333**|57,657|
|Prepayments and accrued income|**494,380**|472,547|**232,119**|226,277|
|Deferred tax (note 16)|**276**|1,043|||
||**937,333**|973,990|**398,176**|717,191|
|Debtors due after more than one year:|||||
|Inter companycommercial loan|||||
|Total|**937,333**|973,990|**398,176**|717,191|





## 

||||||**Company**|**Company**|
|---|---|---|---|---|---|---|
||||||**2022**|**2021**|
||||||£|£|
||In one year or less on demand|||||79,293|
||In more than one year but not more than|two years|||||
||In more than two years but not more than|five years|||||
||In more than five years||||||
|||||||79,293|
||**CREDITORS: Amounts falling due**||||||
|**14.**|**within one year:**|**Group**|||**Company**||
|||**2022**||**2021**|**2022**|**2021**|
|||£||£|`£`|`£`|
||Amounts owed to group undertakings||||||
||CBIL Loan|||100,000|||
||Finance Lease liabilities|**5**||5|**5**|5|
||Trade creditors|**464,374**||256,035|**189,086**|17,122|
||Othertaxes and social security costs|**297,064**||390,127|**72,784**|48,065|
||Accruals and deferred income|**1,124,119**|1,035,879||**146,401**|105,294|
||Other creditors|**864,299**||798,338|**29,179**|33,465|
|||**2,749,861**|2,580,384||**437,455**|203,951|



|**Deferred Income**|**Group**||**Company**|**Company**|
|---|---|---|---|---|
||**2022**|**2021**|**2022**|**2021**|
||£|£|£|£|
|As at 1 April 2021|**846,972**|819,808|**15,708**|20,339|
|Released|**(846,972)**|(819,808)|**(15,708)**|(20,339)|
|Deferred|**861,246**|846,972|**25,569**|15,708|
|As at 31 March 2022|**861,246**|846,972|**25,569**|15,708|



|**due after one year**||**Group**||**Company**||
|---|---|---|---|---|---|
||**2022**|**2021**|**2022**||**2021**|
||`£`|`£`|£||£|
|CBIL Loan||900,000||||
|||900,000||||





## 

## 

## 

|**16. PROVISIONS**<br>**Deferred tax**|||||
|---|---|---|---|---|
||**2022**|**2021**|**2022**|**2021**|
||£|£|£|£|
|As at 1 April 2021|**(1,043)**|(1,303)|||
|Charged in the year|**767**|260|||
|As at 31 March 2022|**(276)**|(1,043)|||



## 

## 

||**2022**|**2021**|
|---|---|---|
||£|£|
|Operating leases which expire:|||
|Less than one year|**24,633**|17,753|
|Within 2 to 5 years|**29,440**|7,003|
|After5 years|||
||**54,073**|24,756|



## 

||**2022**|**2021**|
|---|---|---|
|Amounts receivable:|£|£|
|Less than one year|**2,304,541**|2,226,444|
|Between one and five years|**9,134,774**|8,898,357|
|Afterfive years|**12,801,254**|14,447,416|
||**24,240,569**|25,572,217|





|**18.**|**ANALYSIS** OF TOTAL FUNDS - GROUP|**Unrestricted**|**Restricted**|**2022**|**2021**|
|---|---|---|---|---|---|
|||£|£|£|£|
||**Analysis by type of asset and liability**|||||
||Tangible fixed assets|**7,677,618**|**28,178,618**|**35,856,236**|37,388,565|
||Net current assets|**2,735,735**|**105,239**|**2,840,974**|3,382,755|
||Creditors after one year|-|-|-|(900,000)|
||**TOTAL**|**10,413,353**|**28,283,857**|**38,697,210**|39,871,320|
||2021 total|9,826,230|30,045,090|39,871,320||
||**ANALYSIS OF TOTAL FUNDS - TRUST**|**Unrestricted**|**Restricted**|**2022**|**2021**|
|||£|£|£|£|
||**Analysis by type of asset and liability**|||||
||Tangible fixed assets|**3,611,836**|**2,321,103**|**5,932,939**|6,062,613|
||Net current assets|**2,524,969**|**105,239**|**2,630,208**|3,608,512|
||Creditors after one year|-|-|-|)|
||**TOTAL**|**6,136,805**|**2,426,342**|**8,563,147**|9,671,125|
||2021 total|6,844,122|2,827,003|9,671,125||





## 

||**Group**||**Company**||
|---|---|---|---|---|
||**2022**|**2021**|**2022**|**2021**|
||£|£|£|£|
|**FINANCIAL ASSETS**|||||
|Debt instruments measured at amortised cost:|||||
|Group debtors|||**133,612**|404,319|
|Trade debtors|**417,132**|394,103|**6,900**|2,590|
|Otherdebtors|**3,212**|48,641|**3,212**|26,349|
|Accrued income|**47,583**|209,468||140,324|
|**TOTAL**|**467,927**|652,212|**143,724**|573,582|
|**FINANCIAL LIABILITIES**|||||
|Measured at amortised cost:|||||
|Group creditors|||||
|Trade creditors|**464,374**|256,035|**189,086**|17,122|
|Othercreditors|**864,299**|798,338|**29,179**|33,465|
|Accruals|**262,873**|188,906|**120,832**|89,586|
|**TOTAL**|**1,591,546**|1,243,279|**339,096**|140,173|






||£|£|£|£|£|
|---|---|---|---|---|---|
||||**2022**||2021|
|**Unrestricted reserves - group**|**General**|**Capital**|**Exhibition**|**Total**|Total|
||**Reserves**|**Renewal**|**Renewal**|||
|||**Reserve**|**Reserve**|||
|Net income/(expenditure) for the year|**555,966**|-|-|**555,966**|(164,888)|
|Actuarial re-measurement|-|-|-|-|(30,000)|
|Realised (losses)/gains on investments|**1,095**|-|-|**1,095**|(6,003)|
|Unrealised gains/(losses) on investments|**30,062**|-|-|**30,062**|337,458|
|Transfer to/(from) designated reserves|**(460,000)**|**460,000**||||
|Expenditurefrom designated reserves|**614,422**|**(554,093)**|**(60,329)**|||
|Opening funds|**8,073,821**|**1,353,501**|**398,908**|**9,826,230**|9,689,663|
|**Closing funds**|**8,815,366**|**1,259,408**|**338,579**|**10,413,353**|9,826,230|
||||**2022**||2021|
|**Unrestricted reserves - company**|**General**|**Capital**|**Exhibition**|**Total**|Total|
||**Reserves**|**Renewal**|**Renewal**|||
|||**Reserve**|**Reserve**|||
|Net income/(expenditure) for the year|**(2,137,715)**|-|-|**(2,137,715)**|(1,785,266)|
|Gift aid received|**1,399,241**|-|-|**1,399,241**|2,530,607|
|Actuarial re-measurement|-|-|-|-|(30,000)|
|Realised (losses)/gains on investments|**1,095**|-|-|**1,095**|(6,003)|
|Unrealised gains/(losses) on investments|**30,062**|-|-|**30,062**|337,458|
|Transfer to/(from) designated reserves|**(460,000)**|**460,000**||||
|Expenditurefrom designated reserves|**614,422**|**(554,093)**|**(60,329)**|||
|Opening funds|**5,091,713**|**1,353,501**|**398,908**|**6,844,_122**|5,797,326|
|**Closing funds**|**4,538,818**|**1,259,408**|**338,579**|**6,136,805**|6,844,122|






|||||||**Balance at**|
|---|---|---|---|---|---|---|
|**Restricted**<br>**funds**|**--**|**Group** -|**Balance at**|**Incoming**|**Outgoing**|**31 March**|
|**current year**|||**1 April 2021**|**resources**|**Resources**|**2022**|
||||£|£|£|£|
|Construction of International|||||||
|Centre forLife|||**27,229,019**||**(1,360,573)**|**25,868,446**|
|Education programme|||**176,952**|**131,931**|**(30,537)**|**278,346**|
|Experiment Zone|||**158,935**||**(37,753)**|**121,182**|
|Brain Zone|||**325,000**||**(65,000)**|**260,000**|
|Creative Explorations|||**2,_155,184**|**54,984**|**(454,285)**|**1,755,883**|
||||**30,045,090**|**186,915**|**(1,948,148)**|**28,283,857**|
|**Restricted**<br>**funds -**||**Group** -|||**Balance at**||
|**prior year**|||**Balance at**|**Incoming**|**Outgoing**|**31 March**|
||||**1 April 2020**|**resources**|**Resources**|**2021**|
||||£|£|£|£|
|Construction of International|||||||
|Centre forLife|||**28,588,282**||**(1,359,263)**|**27,229,019**|
|Education programme|||**161,657**|**26,433**|**(11,138)**|**176,952**|
|ExperimentZone|||**196,689**||**(37,754)**|**158,935**|
|Brain Zone|||**390,000**||**(65,000)**|**325,000**|
|Creative Explorations|||**2,578,190**|**500**|**(423,506)**|**2,155,184**|
||||**31,914,818**|**26,933**|**(1,896,661)**|**30,045,090**|





|**Restricted funds - Trust- current**|**Balance at**|||**Balance at**|
|---|---|---|---|---|
|**year**|**1 April**|**Incoming**|**Outgoing**|**31 March**|
||**2021**|**resources**|**Resources**|**2022**|
||£|£|£|£|
|Construction of International Centre|**2,106**|||**2,106**|
|for Life|||||
|Experiment Zone|**158,935**||**(37,753)**|**121,182**|
|Brain Zone|**325,000**||**(65,000)**|**260,000**|
|Curiosity Gallery programming|**110,907**|||**110,907**|
|Maker Programming|**43,940**||**(8,412)**|**35,528**|
|Creative Explorations|**2,155,184**|**54,984**|**(454,285)**|**1,755,883**|
|Other Programming|**30,931**|**131,931**|**(22,126)**|**140,736**|
||**2,827,003**|**186,915**|**(587,576)**|**2,426,342**|
|**Restricted funds - Trust - prior**|**Balance at**|||**Balance at**|
|**year**|**1 April 2020**|**Incoming**|**Outgoing**|**31 March**|
|||**resources**|**Resources**|**2021**|
||£|£|£|£|
|Construction of International|||||
|Centre for Life|**2,106**|||**2,106**|
|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**|



## 

## 



## 

## 

## 

## 

## 

## 

## 



|||Grant||Grants|Grants||
|---|---|---|---|---|---|---|
||Original|releaseto|Balance at|received|released|Balance at|
|Construction of International|Grant at 1|1 April|1 April|inthe|inthe|31 March|
|Centrefor Life|April 2021|2021|2021|year|year|2022|
||£|£|£|£|£|£|
|International Centrefor Life (Property) Limited|||||||
|TWDC|11,000,000|5,925,325|5,074,675|-|252,376|4,822,299|
|MC|31,422,188|16,969,136|14,453,052|-|718,787|13,734,265|
|ERDF|10,500,000|5,682,154|4,817,846|-|239,604|4,578,242|
|Wellcome|3,299,671|1,761,692|1,537,979|-|76,488|1,461,491|
|EP/One North East|2,000,000|1,065,024|934,976|-|46,499|888,477|
|Garfield Weston|130,697|74,382|56,315|-|2,800|53,515|
|Garfield Weston|269,303|199,856|69,447|-|10,804|58,643|
|One Inc Units|638,163|366,592|271,571|-|11,905|259,666|
|MC Canopy|98,890|89,362|9,528|-|-|9,528|
|IHG|7,000|7,000|||||
||59,365,912|32,140,523|27,225,389|-|1,359,263|25,866,126|





## 

|**20.**|**RECONCILIATION OF MOVEMENTS IN FUNDS**|**RECONCILIATION OF MOVEMENTS IN FUNDS**|**_(continued)_**|||||
|---|---|---|---|---|---|---|---|
||||**Grant**||**Grants**|**Grants**||
|||**Original**|**release to**|**Balance at**|**received**|**released**|**Balance at**|
||**Construction of International**|**Grant at 1**|**1 April**|**1 April**|**in the**|**in the**|**31 March**|
||**Centre for Life**|**April 2021**|**2021**|**2021**|**year**|**year**|**2022**|
||**International Centre for Life**|||||||
||**Trust**|||||||
||ONE Swann Room|54,232|54,232|||||
||Garfield Weston Rediscover 3|500,000|500,000|||||
||EP Rediscover 2|300,000|300,000|||||
||GKP Rediscover 2|84,000|84,000|||||
||MC Rediscover 2|756,528|755,004|**1,524**|-|**1,310**|**214**|
||MC Rediscover 3|1,122,447|1,122,447|||||
||GKP Rediscover 3|50,000|50,000|||||
||Wellcome Trust Rediscover 2|372,538|370,432|**2,106**|-|-|**2,106**|
||IHG Rediscover 3|120,000|120,000|||||
||Carbon Neutral Rediscover 3|19,170|19,170|||||
||Wellcome Trust Rediscover 3|1,125,000|1,125,000|||||
|||4,503,915|4,500,285|**3,630**|-|**1,310**|**2,320**|
||**TOTAL**|63,869,827|36,640,808|**27,229,019**||**1,360,573**|**25,868,446**|





## 

||||**Group**||
|---|---|---|---|---|
|||**2022**||2021|
|||£||£|
||Net movement in funds|**(1,174,110)**||(1,733,161)|
||Depreciation|**2,079,032**||2,053,236|
||Loss on disposal offixed assets|**133,312**|||
||(Gain)on valuation of investments|**(31,158)**||(331,455)|
||Taxation|**767**||260|
||Interest receivable|**(46,003)**||(53,292)|
||(lncrease)/decrease in stocks|**2,436**||14,940|
||Decrease in debtors|**35,890**||335,183|
||Increase in creditors and provisions|**269,477**||111,282|
|||**1,269,643**||396,993|
|**22.**|**ANALYSIS OF CASH FLOWS FOR HEADINGS**||||
||**NETTED IN THE CASH FLOW STATEMENT**||||
||||**Group**||
|||**2022**||2021|
|||£||£|
||Returns on investment and servicing offinance||||
|||**46,003**|||
||Interest received|||53,292|
||Net cash inflowfrom returns on investments and||||
||servicing offinance|**46,003**||53,292|
||Capital expenditure and financial investment||||
||Purchase oftangible fixed assets|**(633,036)**||(224,831)|
||Sale oftangible fixed assets|**10,096**|||
||Net cash outflow from capital expenditure|**(622,940)**||(224,831)|
||Purchase of investments|**(89,719)**||(564,134)|
||Sale of investments|**63,802**||537,708|
||Net cash outflow from investment expenditure|**(25,917)**||(26,426)|





|**Group**|**2021**|**Cash flow**|**2022**|
|---|---|---|---|
||£|£|£|
|Cash at bank and in hand|**4,944,248**|**(333,211)**|**4,611,037**|
||**4,944,248**|**(333,211)**|**4,611,037**|



## 

## 

|**CAPITAL COMMITMENTS**||||||
|---|---|---|---|---|---|
||**Group**|||**Company**||
||**2022**|2021|**2022**||2021|
||£|£|`£`||£|
|Capital commitments are as||||||
|follows:||||||
|Contracted forbut not provided for:||||||
|Authorised but not contracted for:|**39,962**|||||





## 

||**2022**|**2021**|
|---|---|---|
||%|%|
|Rate of increase in salaries|4.6|4.2|
|Rate of increase for pensions in payment|3.1|2.7|
|Discount rate|2.8|2.1|
|Inflation assumption (CPI)|3.1|2.7|



|||**2022**|**2021**|
|---|---|---|---|
|||**Years**|**Year**|
|Retiring|today|||
||Males|21.8|21.9|
||Females|25.0|25.1|
|Retiring|in 20 years|||
||Males|23.5|23.6|
||Females|26.7|26.9|



## 

|**s share of the assets in the scheme**|||
|---|---|---|
||**2022**|**2021**|
||**Fair value**|**Fair value**|
||**£,000**|**£'000**|
|Equities|5,450|4,870|
|Government Bonds|190|190|
|Corporate Bonds|1,800|1,740|
|Cash|170|350|
|Property|800|690|
|Other assets|1,150|930|
|**Total fair value of assets**|9.560|8,770|
|Actual return on scheme assets||1,420|





## 

|**Amounts **|**recognised in the Statement of Financial Activities**|||
|---|---|---|---|
|||**2022**|**2021**|
|||**£'000**|**£'000**|
||Current service cost|120|110|
||Net interest cost|(1O)|(10)|
||Past service cost|||
|||110|100|
|**Changes **|**in the present value of defined benefit obligations**|||
|||**2022**|**2021**|
|||**£'000**|**£'000**|
||Obligations at 1April 2021|8,070|6,980|
||Current Service cost|120|110|
||Interest cost|170|160|
||Actuarial (gain)/loss|(470)|870|
||Employee contributions|30|30|
||Benefits paid|(80)|(80)|
||Past service cost|||
||At 31 March 2022||**8.070**|
|**Changes **|**in the fair value of the Trust's share of scheme assets**|||
|||**2022**|**2021**|
|||**£'000**|**£'000**|
||Assets at 1 April 2021|8,770|7,270|
||Interest income|180|170|
||Re-measurement gains/(losses) on assets|550|1,250|
||Employer contributions|110|130|
||Employee contributions|30|30|
||Benefits paid|(80)|(80)|
||At 31 March 2022||_8.770_|





## 

|**Trustee**|**Related party**|**Nature of**|**Income**|**Expenditure**|**Expenditure**|**Balance due**|
|---|---|---|---|---|---|---|
||**and interest**|**transaction**|£||£|**as at 31**|
|||||||**March 2022**|
|||||||£|
|Jane|Dean of||||||
|Robinson|Engagement||||||
||and Place,|Rent and service|**2,228,675**|||**20,536**|
||Newcastle|charges|(2021:|||(2021:|
||University||2,163,239)|||6,199)|
|Joris Veltman|Director of||||||
||Institute of||||||
||Genetic||||||
||Medicine,||||||
||Newcastle||||||
||University||||||
|Linda Conlon|Chair of|Membership||**2,931**|(2021:|-|
||Association of|fees||3,122)||-|
||Science-|Conferencefees||**2,091**|(2021:||
||Technology|||2,091)|||
||Centres (ASTC)||||||
||to October 2021||||||