The InstitLtte for Agriculture and Horticulture- Annual Report and Financial Statements
For the year ended 31 March 2023
The Institute for Agriculture and Horticulture
(A Company limlted by 8uardntee)
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Company No.. 03824061
Charity No: 1091213

The Institute for Agriculture and Horticulture- Annual Report and Financial Statements
For the year ended 31 March 2023
CONTENTS
Reference and Administrative Details
Trustees. Annual Report
Independent Auditorfs Report
7-11
Statement of Financial Artivities
12
Balance Sheet
13
Statement of Cash Flows
14
Notes to the Financial Statements
15-21

The Institute for Agriculture and Horticulture-Annual Report and Financial Statements
Fof the year ended 31 March 2023
REFERENCE AND ADMINISTRATIVE DETAILS
TRUSTEESIDIRECTORS:
RRMBerry
T W Bradshaw
B J Dixon
J J Florsheim
E D Fursdon
A J Greed
J S Haynes
R W Longthorp
R D Morley
S M Oldfield
O W Piper
K J Quinton
J D Swadling
(appointed 27 April 2022)
(appolnted 27 April 20221
(appointed 27 April 20221
(appointed 27 April 20221
(appointed 27 April 20221
(appointed 27 April 20221
SECREfARY:
S A Crocker
J Somerfield
(resigned 25 August 20221
(appointed 24 Ottober 20221
REGISTERED OFFICE..
I St. James Court
Whitefriars
Norwich
Norfolk
NR3 IRU
REGisfERED NUMBERS".
Company No:
Charity No..
03824061
1091213
AUDITOR:
Bishop Fleming
Chartered Accountants and StatutoryAuditor
10 Temple Back
Bristol
BSI 6FL
BANKERS:
HSBC Bank UK plc
Wesley Square
Goole
East Yorkshire
DN14 5EZ
Reference and Administrative Details

The Institute for AgricultLtre and Horticulture- Annual Report and Financial Statement5
TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2023
The Trustees, who are Directors of the Institute for Agriculture and Horticulture I'the Charit¢l, present
their annual report and financial ststements for the year ended 31 March 2023 (the prior annual report
and financial statements were ft)rthe fourteen months to 31 March 20221.
Background and Relationship with Department of the Environment. Food and Rural
Affairs
Within the agriculture and horticulture industries a Senior Leadership Group ISLGI, was formed in 2018,
underthe chairmanship of Lord Donald Curry, with rnembers from a wide background, to address how
to take forward skills development. The SLG decided that it was appropriate to approach the
Department of the Environment, Food and Rural Affairs (Defral for funding to form a new professional
institute to support agriculture and horticuEture produttion industries and consequently a busine55 case
was prepared. The SLG formed into a Development Board in 2020, with David Fur5don taking the chair,
to further develop the project. In the Agricultural Transition Plan 2020, published in November, Defra
committed to contribute to support the establishment of a new Institute forAgriculture and Horticulture
ITIAHI. A key objective for the SLG and the Development Board was to reduce fragmentation and
consequently rather than forming a new legal entity consideration was given to existing vehicles that
mi8ht be appropriate for TIAH. As a re5uIt, a successful approach was made to the trustees of the
dormant charity. Agski115 Limited, for it to be the legal entity for TIAH. Defra gives ongoing commitment
and support through the remittance of a 5 year grant which commenced in July 2021. The Charity does
not proactively fundraise at present.
Structure, Governance and Management
Governing Document
The Charity Is incorporated as a private company limited by guarantee.
The Articles of Association of the Charity detail the objerts and powers of the Charity. Whilst the objects
of the charity have rernained the same, some of the Articles of Association were updated for the first
time in 20 year5 to reflect current prattice in the prior year. In the event of the Charity being wound up,
members are required to contribute an amount not exceeding £1 each.
Recruitment and Appotntment of the Board of Trustees
The TIAH Board is skills based to ensure that it Includes experience in financial, legal, digital, marketing
and other felevant fields. A skills audit was undertaken which informed the appointment of additional
trustees in April 2022.
Trustees are aware of their obligations in law as Trustees and Dirertors and are encouraged to acquaint
themselves with publications and guidance available from the Charity Commission. Members of the
Board have access to external Trustee training.
Trustees, Annual Report

The Insts'tute for Agriculture and Horticulture-Annual Report and Financial Statements
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2023
The Trustees serving durin8 the year were as follows:
Name of Trustee
RRM8erry
T W Bradshaw
BJDlxonx
J J Florsheim
E D Fursdon x
AJGreed#
J S Hayne5
R W Longthorp x
R D Morley,
S M Oldfield #
O W Piper
K J auinton #
J D Swadling
Appointment
27 April 2022
22 February 2021
26 December 2019
27 April 2022
22 February 2021
27 April 2022
27 April 2022
8 September 1999
22 February 2021
27 April 2022
22 February 2021
22 March 2021
26 December 2019- resigned on 29 June 2021 and
reappointed on 27 April 2022
# Member of the Audit and Risk Committee
Member ofthe Finance and General Purposes Committee
Member of the People, Remuneration and Nominations Committee
Organisatlonal Strurture
The Board of Trustees meets at least four times a year and oversees the future strategy of the Charity,
finance and current project work.
The Charty has launched the first five-year Strategic plan which is built around the following five kev
goals:
to achieve recognition of the industry's professional standards and abilities,.
to deliver a professional framework which informs the development of qualifications and
lifelong leaming,.
to become recognised as a Source of information on careers and progression opportunkties;
to deliver a professional instttute that helps transform the industry;
to establish a business model thot ensures TIAH'S sustainability.
The Trustees have also established sub committees on Finance and General Purp05e5. Audit and Risk
and People. Remuneration and Nominations to report to the Board and the membership of each are
shown above.
The Charty held Trustee Indemnity Insurance duringthe year.
Trustees, Annual Report

The Institute for Agriculture and Horticulture- Annual Report and Financial Statements
TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2023
Principal risks and uncertainties
The Trustees have examined the major strateBiC, financial, operational and reputstional risks which the
charity faces and regularly review what actions can be taken to mitigate these risks. The three risks that
would have the highest impact are- a change in Defra policy which results in a change to the grant
funding,. inflation which results in a redurtion of the delivery against the grant and lack of engagement
from potential members due not only to cost of living pressures but also failure to market and
communicate effettively.
The Charity has policles to miti8ate against these risks.
Objectives and Activities
The Charity's aim is to be the home of skills and careers support for those working in the agriculture and
horticulture sectors, providing tailored advice and practical tools needed for a prosperous fijture.
In the consideration of projects, the Trustees have due regard to the Charity Commission's guidance on
public benefit. The Trustees always ensure that the transactions undertaken are in line with the aims
and objectives of the Charity.
The charitable objerts are: To improve agriculture for the benefit of the public at large by the provision
of education, trainin& advice and information for people working in agriculture.
Flnancial Review
Total income forthe year ended 31 March 2023 w35 £1.8m12022-. £2.4ml.
£1.5m12022: £1.9ml was paid out in respect of the production of the learning plarform and content and
5UPPOrt costs. £583k12022.' £768kl of this has been capitalised as an asset under construrtion. Reserves
at 31 March 2023 amounted to £1,650k of which £IOk was unrestrirted fvnds12022: £1,330k of which
£32k was unrestricted funds).
Reserves and Investment Policy
The Reserves at the year end of £1,650k12022.' £1,330kl are primarily in respert of the Defra grant to
be spent on the forthcomingyear's budget and the committed funds for the completion of the learning
platform. The grant 15 remitted on specific dates within the year and expenditure is budgeted within this
schedule of payments which can be revised in accordance with commitment5 made. Under the terms of
the grant anything that 15 unspent but not committed cannot be recognised in the year.
The 2024 budget contains a contingency to cover unexpected or increased expenditure within the grant.
The Charity has free reserves of £10,415 {2022'. £32,212) and the Trustees will be putting in place an
updated reserves policy when the Charity is in a position to offer services to mernbers and receive
income in this respett.
The Trustees, having regard to the liquidity requirements of setting up the learning platform and Se￿iCe
offerlng have operated a policy of keeping surplus funds in an interest-bearing deposit account.
Trustees, Annual Report

The Institute for Agricltlture and Horticultufe-Annual Report and Financial Statements
TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2023
Plans for Future Periods
The Trustees intend to work to the strategic plan with close collaboration with those in the industry and
Government. They will continue to engage in meaningFul discussion with partners to ensure that TIAH is
credible and trusted as it addresses the industrf5 shifting needs and can 5UPPOrt long-term, sustainable
change,
Further detsils on the Institute for Agriculture and Horticulture activity can be found on the TIAH
website at htt
www.tiah.or
Trustees, Responsibilities
The Trustees. who are directors of the Charity, are responsible for preparing the Trustees, Annual Report
and the financial statements in accordance with applicable law and the Generally Accepted Accounting
Prattice in the UK. Company law requires the Trustees to prepare financial statements for each financial
vear which give a true and fair view of the state of affairs of the Charity and of the incoming resources
and application of resource5, including the income and expendrture, of the Charity for that year. In
preparing these financial statements, the Trustees are required to..
select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charitie5 Statement of Recommended Prartice,.
make judgements and estimates that are reasonable and prudent:
state whether appllcable UK Accounting Standard5 have been followed, subject to any material
departures disclosed and explained in the financial statements- and
prepare the financial statements on the going concern basis unless it is inapproprlate to presume
that the Charity will continue in operation.
The Trustees are responsible for keeping adequate accounting records which disc105e with reasonable
accuracy at any time the financial position of the Charity and which enable them to ensure that the
financial statements comply wtth the Cornpanies Act 2006. They are also responsible for safeguardin8
the assets of the Charity and hente fortakin8 reasonable steps for the prevention and detection of fraud
and other irregularities.
Appointment of Statutory Auditor
Bishop Fleming have been appointed as auditor in the financial year 22/23 and have signified their
willingness to continue in office in the ft)rthcoming year.
Ststement of Disclosure to the Statutory Auditor
The Trustees have taken all necessary steps to make themselves aware of any relevant audit information
and to establish that the auditor is aware of that information. As far as the Trustees are aware, there is
no relevant audit information of which the Charity's auditor are unaware,
Trustees, Annual Report

The Institute for Agriculture and Horticulture-Annual Report and Financial Statements
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2023
Small Company Provlslons
This report has been prepared in accordan￿ with the special provisions for small companies under Part
15 of the Companie5 Art 2006.
The Annual Report was approved by the Board of Trustees on
behalf by:
30 October 2023
and signed on their
E D Fursdo
IAH Chair
Trustees. Annual Report

The Institute for Agriculture and Horticulture- AnnLtal Report and Financial Statements
Independent Auditorfs Report to the Members of The Institute for Agriculture and
Horticulture
OPINION
We have audit¢d the financial statemeT]1s of Tlie Instithte for Agriculttire and l-Iorticulttire (the 'charity')
for the year ended 31 Marcli 2023 which comprise the StateineTLt of Financial Activities. the Balance
SheeL tlie Statement of Casli Flows and the related notes, including a siunmary of significant accounlinb
policies. The financial reporting framework that lias been applied iii their preparation is applicable law
and United Kingdom Accounltng Si8ndards, including Financial Reporting Standard 102 'Tlie Financial
Reporting Standard applicable in the UK and Republic of Ireland, (United Kkngdom Generally Accepted
Accoiinting Practs'ce).
En our opinion the financial statements..
give a true and fair view of the state of die cllarity's affairs as at 31 March 2023 and of its
incoiDing resollr¢es and application of resources, including its income and expenditure for the
year dien ended.
liave been properly prepared in accordance with United Kingidoin Generdlly Accepted
Accounting Practic¢. and
have been prepared in accordance with the requirements of the Companies Act 2006.
BASIS FOR OPINION
We ¢onducled our audit in accordance wttli International Standards on Auditing (UK) {ISAs {UK)) and
applicable law. Our Tesponsibilities uttder tliose standards ar¢ further described in Ilie Aiidftlors,
responsibilities for the aiidit of the financial statemeiits section of our report. We are independent of the
charity ID accordance with the ethical requirements tliat are relevant to our audit of the financial
statements in the United Kingdom, including the Financial Reporting Coiincil's Ethical Standard, and
we have fi￿rIlled OUT other ethical responsibilities in accordance witli these requirements. We believe
tliat die audit evidence we have obiained is suffjcient and appropriate to provide a basis for our opinion.
CONCLUSIONS RELATING TO GOING CONCERN
In auditing th¢ financial slatemenls. we have concluded that the Trllslees, use of the going concern basis
of accoiinting in the preparation of the fin￿]CIal stateinents is appropriate.
Based on the work we liave p¢rfonned, we have not identified any material uncertainties relating to
events or conditions thal. inth'vidually or collectively, may cast stgnificant doubt on the Charity's ability
to conttnue as a going ¢oncem for a period of at least twelve months from when the fmancial stateinents
are authorised for issue.
Our resrx)nsibilities and the responsibilities of the Trustees with respect to going Concern are described
in tlie relevant sections of tliis report.
Independent Auditor's Report

The Institute for Agriculture and Horticulture- Annual Report and Financial Statements
Independent Auditorfs Report to the Members of The Instltute for Agriculture and
Horticulture
OTHER INFORMATION
The othcr infonnation comprises the inforniation included in the Annual Report other than the financial
statements and oiir Auditors, Report tliereon. The Trustees are responsible for Ilie otlier lliforniation
contained witliin the Annual Report. Our opinion on the financial statements does not covei. the other
infoiiiiation all￿ except to the extent otlierwise explicitly stated in our report. we do not express any
fonn of assurance conclusion thereon. Our responsibility is to read the other infonnation and. in doing
so, constder wliether the other infonnation is materially inconsistent witli die fmancial statements or our
knowledge obtained in ihe coiirse of the audit, or othen4qse appears to be Jnaterially misstated. If we
identify such material in¢onsisten¢ies or apparent material misstateTnents. we are required to detennine
whether this gives rise lo a material misslatejnent in t]ie financial statements thetnselves. If, based on the
work we have perfonned, we conclude that there is a material misstatement of this other infonnation.
we are required to report that fact.
We have nothing to retx)rt in this regard.
OPINION ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006
In our opinion, based on the work undertaken in the course of th¢ audit..
the information given in the Trustees, Report for the f￿anCIal yeaT for which the fJnan¢ial
stalements are prepared is consistent with the fin￿]Cial statements.
the Trustees, Report has been prepared in accordance wilh applicable legal requirements.
MATTERS ON IVHICH WE ARE REQUIRED TO REPORT BY EXCEPTION
In the liglit of our knowledge and understanding of the charity and its environinent obtained in the
course of the audit. we have not identified Inaterffial misstateinents in the Trustees, Report.
We have nothing to report in respect of tlie following matters in relation to wliich Coinpanies Act 2006
requires us to report to you if. in our opinion.
adequate accounting records have not been kept, or rettuns adequate for our audit have not
been ieceived fi'om branches not vislted by us- or
tlie financial statements are not in agreement wilh the accounting records and Teturns. or
certain disclosDres of Trustees, remuneration specified by law are not made. or
we have iiot received all tlie infonnation and explanations we require for our audit; or
the Twstees were not entitled to prepare the financial statements in accordaTkce with tlTre small
companies regime and lake advantage of the small companies, exeinplions in PTepariiig the
Truste¢s' Report and from th¢ requireinent to prepare a Strategic Report.
Independent Auditor'5 Report

The Institute for Agriculture and HorticultL¢re-Annual Report and Financial Statement5
Independent Audltorfs Report to the Members of The Institute for Agriculture and
Horticulture
RESPONSIBILITIES OF TRUSTEES
As expl&tn¢d more fully in the Trnstecs, Responsibilities Statement. tlie TTUStees (who &Te also the
directors of the charity foi. the pU￿OseS of company law) are responsible for the preparation of the
financial statements and for beftn8 satisfied that they give a ttve and fair view. and for such intemal
control Is tlie Trustees deterniine is necessary to enable the preparation of financial siatemenls tliat are
free froin inaterial xnisstatement, whetlier du¢ to fraud or error.
In preparing the financial staleinents, the Truste¢s are responsible for assesstng the Gharity's ability to
ontinue as a going con¢ern, disclosing, as appli¢able. matters related to going Concern and using the
going concem basis of a¢counting unless the Trustees either intend to liquidate the chaTity or to cease
operations, or have no realistic alternative but to do so.
AUDITORS, RESPONSIBILITIES FOR TH£ AUDIT OF THE FINANCIAL STATEMENTS
Our objectives ar¢ to obtain reasonable assurance about whetlier the financial stateinents as a whole are
free from Enaterial misstatement. whetlier due to fraud or error, and lo issue an Auditors, Rew>rt that
includes our opinion. Re850nable assuiance is a higli level of assuran¢¢, but is not 2 giiaranlee that an
audit conducted in accordance with ISAS (UK) will always detect a material misstatement when It
exists. Misstateinents can arise froin fraud or error and are considered malerial if, inth'vidiiajly or in the
aggregate. tliey could reasonably be expected to influence the economic decisions of user5 taken on the
basis of tiiese financiaI stateinents.
ITregularities, including fraud. are instances of non-coinpliance wtth law5 and regulations. We design
procedures in line witli our reS￿nsibilities, oiitlined above, to det￿1 Jnaterial misstateinents in respect
of I￿e￿IlarItie￿ including fraud. The extent to whicli our procedures aTe capable of detecting
iTregularities, incluth'ng fraud is detailed below..
we Iiave Considered the nature of the sector, control environment and financial ￿rfoTrnance
of the entity;
we have Considered the resiilts of enquiries with maiiagement and Trustees in relation to their
own identification and assessment of the risk of I￿egular1tjeS within tlie enh"ty' and
we Iiave reviewed the docwnent2tion of key Processes and controls and perfonned
walkthrouglis of transactions to confirni that the Systems are 0[￿rating in line witli
documentation.
As a result of these procedures. we have considered Èhe opportunities and incentives that may exist
within tl)e organisation for fraud and idents'fied the highest area of risk to be iii relation to revenue
recognition, with a particular risk in relation to year-end cut off. In common with all audits under ISAS
(UK) we are also required to perfoTm specific proceduTes to respond to the risk of manageinent ove.rride.
We have also obtained understanding of the legal and regulatory frameworks that the ¢l)arity operates
in, focusing on provisions of tliose laws and regulations Ilial liad a direct effe¢t on the detennination of
malertal ￿￿Ount$ and disclosures in the financial statements. Tlie key laws and regulations we
considered in this context in¢luded Ilie UK Companies Act and FRS 102 and UK tax legislation.
Independent Auditor's Report

The Institute for Agriculture and Horticultvre-Annual Report and Financial Statements
Independent Audltorfs Report to the Members of The Institute for Agriculture and
Horticulture
In addition. we considered the provisions of other laws and regulations tliat do not have a direct effect
on tlie financial stateinents but compliance with which may be thndamental to the charity's ability to
operate or avoid a material penalty.
Oiir procedures to respond to Tisks identified iocluded the following:
reviewing the financial staleinent th'sclosures and testing to supporting dociimentation to
assess compliance witli provisions of relevant laws ￿]d regulations described as having a
diiect effect on the fRnancial statements;
perfonning analytical pro¢editres to identify wlusiial or unexpected relationships that may
indicate risks of material misstatement due to fraud-
reviewingi board meets.ng minutes.
enquiring of management in relation to actual and potential claims or litigations-
performing detailed trallsaclional testing in relation to the recognition of revenue with a
particular focus around year-end cut off. and
in addressing the risk of fraud through manageinent override of controls, testingF the
approptiateness of joiirnal entries and other adjustsnents. assessing wlietlier the judgrynents
made in accounting estimates are indicative of potential bias,. and evaluating the blisiness
rationale of signific8nt transactions that are unusual or outside the nornial ¢owse of business.
We also commwiicated identified laws and regulations and potenliaj fraud risk5 to all mevnbers of the
engagement team and remained alert lo possible indicators of fraud or non-compliance with laws and
regulations througliout the audit.
OUT audti procedures were designed to respond to risks of material misstatemenl in the financial
statements. recognising that the risk of not d¢tecting a material misstateinent due to fraud is higheT than
ie risk of noi detecting one resulting froin an ertor. as fraud may involve deliberate ¢oncealment by. for
example. forgery, Inisrepr¢sentations OT tlirougli collusion. TIle￿ are inherent limiLglftons in tlie audit
procedures perfornied and the fiirtlier reinoved nonwcompliance with laws and re￿]atiOnS is from the
events and transactions reflected in the financial statements. the less likely we would become aware of
A ￿rther description of our responsibilEties foT tlie audit of the financial statements is located on the
Financial Reporting Council's website at.. Mvw.frc.org.uk/auditorsresponsibilities. This description
fonns part of our Auth'tors, Report.
OTHER MATTERS
Independent Auditor's Report
10

The Institute for Agriculture and Horticulture-Annual Report and Financial Statements
Independent Auditorfs Report to the Members of The Institute for Agriculture and
Horticulture
USE OF OUR REPORT
This report is inade solely to tlie charity's tnistee4 as a body, in accordance with Part 4 of the Charitie5
(Accounts and Reports) Regulations 2008. Our audit work has been uiidertaken so tliat we might state to
die charity's trustees tliose matters we are required to state to theJn in an Auditors, Report and For no
other purpose. To the fullest exteiit pennitted by law, we do not accept or assume respoiisibility to
anyone other than the charity and its m¢inbers, as a body, for our audit work. for this report, or for tlie
opinions we have fornied.
David Butler FCA DChA (Senior Statutory Allditor)
for and on belialf of
Bishop Fleming LLP
Chartered Accountants
Stattilory Aiiditors
l O Temple Back
Bristol
BSI 6FL
Date.. 15 December 2023
Independent Auditorfs Report

The Institute for Agriculture and Horticulture-Annual Report and Financial Statements
STATEMENT OF FINANCIAL ACTIVITIES
INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR TO 31 MARCH 2023
Year to 31
Maych
2023
Total
14 months
to 31 March
2022
Total
Uniestritted
Funds
Restrirted
Funds
Note
INCOME FROM:
Voluntary Income
Investment Income
TOTAL INCOME
1,800,000
1,800.000
2.083
1,802,083
2.459,298
19
2,459,317
2,083
2,083
1,800,000
EXPENDITURE ON:
Charltable actlvitles
23,880
1.457,719
1,481,599
1,133,030
TOTAL EXPENDITURE
23,880
1,457,719
1,481,599
1,113,030
NET MoVEmETr￿ IN
FUNDS
121,7971
342,281
320,484
1,326,287
TOTAL FUNDS BROUGHT
FORWARD
li
32,212
1,297.493
1,329,705
3,418
TOTAL FUNDS CARRIED
FORWARD
10,415
1,639.774
1,650,189
1,329,705
The notes on pages 15 to 21 form an integral part ofthese financial statements.
Statement of Financial Activities

The Institute for Agriculture and Horticulture- Annual Report and Financlal Statements
BALANCE SHEEr
AS AT 31 MARCH 2023
31 March
2023
Total
31 Ma￿h
2022
Total
Unre5trlcted
Funds
Restricted
Funds
Note
FIXED ASSErs
Intangible fixed assets
1,359.990
1.359,990
768,156
CURRENT ASSETS
Debtors
Cash & ￿5b equivalents
TOTAL CURRENT ASSET5
150
391,349
391,499
150
401,764
401,914
3,366
912,929
916,295
io
10,415
10,415
CREDITORS.. amounts falling due
withln one year
li
111,715
111,715
354,746
Net current assets
10,415
279,784
290,199
561.549
Net assets
10.415
1,639,774
1,650,189
1,329,705
FUND5 OF THE CHARITY
Total funds
12
10,415
1.639,774
1,650,189
1,329,705
The accounts are prepared in actordance with the special provisions of Part 15 of the Companies Act
2006 relative to small companies.
The financial statement5 were approved and authori5ed for issue by the Board of Trustees on
30 October 2023
and signed on its behalf by:
E D Fursdon, TIAH Chair
The notes on page5 15 to 21 form an integral part of these financial statements.
Balance Sheet

The Institute for Agriculture and Horticulture
Annual Report and Financial Statements
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2023
Year to 14 months to
31 March
31 March
2023
2022
Cash flows from operating activities:
Net movement in funds
Decrease/lincreasel in debtors
IDecreasel/increase in creditors
320,484
3,216
1243,031)
1,326,287
13,366)
354,746
Net cash inflow from operat7￿ activities
80,669
1,677,667
Cashflow from inve$tln8 a¢tlvftles:
Purchase of intangible fixed assets
1591,8341
1768,1561
Net increase/ldecrease) in cash & cash equivalents
1511,1651
909,511
Openlng cash & cash equivalents
Movement in the year/period
912,929
1511,1651
3,418
909,511
Cash and cash equlvalents at the year/period end
401,764
912,929
The notes on pages 15 to 21 form an integral part of these financial statements.
Statement of Cash Flows
14

The InstitLtte for Agriculture and Horticulture- Annual Report and Financial Statements
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
AccouMfiNG POLICIES
The principal accounting policies are summarised below. The accounting policies have been applied
consistently throughout the year and the preceding period.
General Inf￿matIOn
The Institute for Agriculture and Horticulture is a company limited by guarantee, incorporated in
England and Wales. The address of its registered office and its registered numbers are disclosed on
page l. The Charity changed its name from Agskills ￿Mited during the prior period.
The principal activity of the charity 15 a5 the professional body for those working in the agriculture
and horticulture sector.
The annual report and financial statements are for the year ended 31 March 2023 (the prior annual
report and financial statements were for the fourteen months to 31 March 20221- The financial
statements are presented in Sterling and this is the functional currency of the Charity. The financial
Statements are rounded to the nearest whole Pound.
Basls of PTeparatlon
The financial statements have been prepared under the historieal cost convention, and in
accordance with applicable accounting standards. In preparing the financial statements the charity
follows best practice as set out in the Statement of Recommended Practice. Accounting and
Reporting by Charities, ISORP 151, the Financial Reporting Standard applicable in the United
KinEdom and Ireland IFRS102} and the Charities and Companies Acts.
Fund accountlng
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objects of the charity and which have not been designated for other
purposes. The charity's general fund may be used by the charity at its discretion to further its stated
charitable objectives.
Income
These are included in the Statement of Financial Activities ISOFAI when:
the charity becomes entitled to the resources,
the Trustees are probable they will receive the resources, and
the monetsry value can be measured with sufficient reliability.
Expendi￿re
All support costs incLtrred have been allocated between charitable expenditure and governance as
appropriate.
Notes to the Financial Statements

The Institute for Agriculture and Horticulture-Annual Report and Financial Statements
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 MARCH 2023
ACCOUNTING POLICIES {CONTINUEDI
Allocatlon of costs
All expenditure and liabilities are included on an accruals basis and recognised when there is a legal
or constructive obligation to pay out resources.
Flnandal Instruments
The Institute for Agriculture and Horticulture only has financial assets and liabilitie5 of a kind that
qualify as basic financial instruments. Basic financial instruments are initially recognised at
transaction values and subsequently measured at their settlement value.
Intangible fixed assets
These costs represent the construction of the learning platform and are recognised as the work
progresses. Amortisation is not charged a5 the platform is under construction.
Capitalisation
On-line development costs are capitalised as intangible assets as they arlse. These include external
costs associated with advancing the platform to completion. Any related internal management
resource costs and external ongoing support costs are expensed.
The asset is defined as under construction and not amortised until it is complete and anticipated to
be producing future benefits. Amortisation will be charged over an expected useful life of 10 years.
1.10 Cash and Cash equlvalents
Cash and cash equivalents are cash and Short term highly liquid investments with a short maturity of
three months or less from the date of acquisition or opening of the deposit or similar account.
1.11 Goin8 concern
These financial statements have been prepared on a going concern basis. The Defra grant is subject
to a rigorous budgeting function and the Trustees and executive team monitor these budgets on a
monthly basi5, SO they cumulatively fall within the annual grant. Therefore, the Trustees are of the
opinion that there are adequate resources available to continue trading for a period of at least 12
months, and TIAH 15 a going concern.
1.12 Judgments In applying accountlng polldes and key soUr￿S of estlmation uncertslnty
In applying the company's accounting policies, the directors are required to make judgements,
estimates and assumption5 in determining the carrying amounts of assets and liabilities. The
directors, judgements, estimates and assumptions are based on the best and most reliable evidence
available atthe time when the decisions are made and are based on historical experience and other
factors that are considered to be applicable. Due to inherent subjettivity involved in making such
judgements, estimates and assumptions, the actual results and outcomes may differ.
Notes to the Financial Statements
16

The Institute for Agriculture and Horticulture-Annual Report and Financial Statements
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 MARCH 2023
The Trustees do not consider there to be any significant judgements. estimates or assumptions in
these financial statements.
Note5 to the Financial Statements
17

The In5tit*Jte for Agriculture and Horticulture- Annltal Report and Financial Statements
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 MARCH 2023
INCOME
14 months
to 31 March
2022
Unreslri¢ted
Funds
Restrlcted
Funds
Year to 31
March 2023
Donation
Grant from Defra
60,000
2,399.298
2,459,298
1.800,OC4)
1,800,000
1,800,000
1.800,000
EXPENDITURE
14 months to
31 March
2022
Unrestrlrted
Funds
Re5trlcted
Funds
Year to 31
March 2023
Charltable actlvltles
Development of services
Support costs (note 4)
Governance costs (note 51
449.436
1.008,283
449,436
1,008,283
23,880
1,481,599
493,473
608,332
31,225
1,133,030
23,880
23,880
1,457.719
SUPPORT COSTS
Year to 31 14 months to 31
Marth 2023
March 2022
staff salaries and related expenses
Accounting fees
BLtsiness support and advice
Legal fees
Insurance
Travel. subsistence and meeting costs
Computer equipment arbd So￿are expensed
General expenses
850,550
24,621
26,462
10,802
13,259
50,798
8,119
23,672
450.274
34,797
62.391
7,141
4,729
12,255
30,605
6,140
1,008,283
608.332
Notes to the Financial Statements
18

The Institute for Agriculture and Horticulture-Annual Report and Financial Statements
NOTES TO THE FINANCIAL STATEMENTS {continued)
FOR THE YEAR ENDED 31 MARCH 2023
GOVERNANCE COSTS
14 months
to 31 March
2022
Unrestrirted
Funds
Restrlcted
Funds
Yearto 31
March 2023
Audit fees
Trustee insurance
Legal and accounting fees
17,000
2.004
4.876
17,000
2.004
4,876
12,000
1,574
17,651
23,880
23,880
31,225
No trustee received remuneration in the year to 31 March 2023. or received reimbursed
expenses12022: £nil). Trustee Indernnity Insurance was also in place during the year.
srAFF COST5
Year to 31 March 14 month5to 31
2023
March 2022
Wages and salaries
Social Security costs
Pension costs
655,564
76,255
56,708
368,638
41,922
27,421
788,527
437,981
The average number of employees forthe yearwas 1312022.. 111.
The number of persons employed by the company during the year who received emoluments
(including taxable benefits in kind) in the following ranges in excess of £60,000 wa5 as follows:
2023
Number
2022
Number
£60,001- £70,000
£70,001- £80,000
Total remuneration for key mana8ement personnel including pension payment5 totalled £381.000 for
7 posts12022: £291,674 for 5 posts).
Notes to the Financial Statements
19

The Institute for Agriculture arid HorticultLtre- Annual Report and Financial Statements
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 MARCH 2023
TAXATION
The charity's activities fall within the exemptions afforded by the provisions of the Income and
Corporation Taxes Act 1988. Accordingly, there is no taxation charge in these accounts.
INTANGIBLE FIXED ASSErs
Asset under
construction
Total
Cost
At l April 2022
Additions
768,156
591,834
768,156
591,834
At 31 March 2023
1,359,990
1,359,990
Assets under construttion represent costs incurred in the development of the learning
platform. No amortisation has been charged as the asset Is not yet in use.
DEBTORS
Year to 31
March 2023
14 months to
31 March 2022
Prepayments
150
3,366
io
CASH & CASH EQUIVALENTS
Year to 31
March 2023
14 months to
31 March 2022
Current accounts
401,764
912,929
Notes to the Financial Statements
20

The Institute for Agriculture and Horticulture- Annual Report and Financial Statement5
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 MARCH 2023
li
LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR
Yearto 31
Maich 2023
14 months to
31 Maich 2022
Trade creditors
Accruals
Pension creditor
other creditors
61,347
38,751
10,716
901
189,008
157,785
5,985
1,968
354,746
111,715
12
FUNDS
Asat
l Aprll 2022
Asat
31 March 2023
Income
Expendlture
Transfer
Unrestricted
Restricted:
Income
Capital
Total fijnds
32,212
2,083
123,8801
10,415
518,777
778,716
1,329.705
1,216.708
583,292
1,802,083
11,455,701)
12,0181
11,481.5991
279,784
1,359,990
1.650,189
Restritted funds represent the amounts received from Defra in respect of the grant given to
establish the Charity as the professional body for agriculture and horticulture workers.
The Capital reseTve5 are represented by an Asset under Construction of £1,359,99012022:
£768,156) and Cash to be spent of £Nil12022.' £10,560). Expenditure of £2.01812022'.
£9,768} on small hardware item5 was expensed from this fund in the year in accordance wlth
the Charitvs capitali5ation policy.
13
RELATEO PARTIES
There were no related party transactions made in the year.
14
COMMITMENTS
The Institute for Agrlculture and Horticulture had commitments of £1.347m {2022: £1.8ml at
the year end for the completion of the learning portal which is currently under construction.
These have not been provided for in the financial statements as they are subject to conditions
being met before payment butform part ofthe Defragrantto be received overthe forthcoming
years.
Notes to the Financial Statements