The Institute for Agriculture and Horticulture-Annual Report and Financial Statements
Forthe year ended 31 March 2024
The Institute for Agriculture and Horticulture
(A Company limited by 8uarantee)
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Company No: 03824061
Charity No: 1091213

The Institute for Agriculture and Horticulture - Annual Report and Financial Statements
For the year ended 31 March 2024
CONTENTS
Reference and Administrative Details
Trustees, Annual Report
Independent Auditorfs Report
7-11
Statement of Financial Activities
12
Balance Sheet
13
Statement of Cash Flows
14
Notes to the Financial Statements
15-22

The Institute for Agriculture and Horticulture- Annual Report and Financial Statements
Forthe year ended 31 March 2024
REFERENCE AND ADMINISTRATIVE DEfAILS
TRUSTEES/DIREcfoRS:
RRMBerry
T W Bradshaw (resigned 28 February 2024)
B J Dixon
J J Florsheim
E D Fursdon
A J Greed
R Hallos (appointed 3 June 2024)
J S Haynes
S P Jacob (appointed 19 June 2023)
R W Longthorp OBE
R D Morley
S M Oldfield
O W Piper
K J Quinton
J D Swadling OBE
SECRETARY:
J Somerfield
REGISTERED OFFICE:
I St. James Court
Whitefriars
Nonvich
Norfolk
NR3 IRU
REGISTERED NUMBERS:
Company No:
Charity No:
03824061
1091213
AUDITOR:
Bishop Fleming
Chartered Accountants and Statutory Auditor
10 Temple Back
Bristol
8516FL
BANKERS:
HSBC Bank UK plc
Reference and Administrative Details

The Institute for Agriculture and Horticulture-Annual Report and Financial Statements
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024
The Trustees, who are Directors of the Institute for Agriculture and Horticulture ('the charit￿), present
their annual report and financial statements for the year ended 31 March 2024.
Background and Relatlonshlp wlth Department of the Environment. Food and Rural
Affalrs
Within the agriculture and horticulture industries a Senior Leadership Group {SLG), was formed in
2018, under the thairmanship of Lord Donald Curry, with members 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 {Defra) for fvnding to form a new
professional institute to support agriculture and horticulture production industries and consequently a
business case was prepared. The SLG formed into a Development Board in 2020, with David Fursdon
taking the chair, to further develop the project. In the Agricultural Transition Plan 2020, published in
November, Defra c0mrn￿ed to contribute to SUPPOrt the establishment of a new Institute for
A8riculture and Horticulture (TIAH). A key objective for the SLG and the Development Board was to
reduce fragmentation and consequently rather than forming a new le8al entity consideration was
given to existing vehicles that might be appropriate for TIAH. As a result, a successful approach was
made to the trustees of the dormant charity, Agskills Limited, for it to be the legal entity for TIAH.
Defra gives on80in8 commitment and support through the remittance of a five-year grant which
commenced in July 2021. The Charsty does not proactively fvndraise at presenL
Structure. Governance and Management
Governin8 Document
The Charity is incorporated as a private company limited by guarantee. Its governance framework is
that set by the Charities Re8ulatoryAuthorty underthe Charities Act 2009, and as laid out in the
Charities Governance Code.
The Articles of Association of the Charity detail the objects and powers of the Charity. Whilst the
objects of the charity have remained the sarne, some of the Articles of Association were updated for
the first time in 20 years to reflect current practice 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 Appolntment of the Board of Trustees
The TIAH Board is skills based to ensure that it includes experience financial, legal, digital, marketin&
agriculture and horticulture and other relevant fields.
Trustees are aware of their obli8ations in law as Trustees and Directors and are encouraged to
acquaint themselves with publications and guidance available from the Charity Commission and abide
by the seven principles of the Charity Governance Code. Members of the Board have access to
external Trustee training.
Trustees, Annual Report

The Institute for Agriculture and Horticulture - Annual Report and Financial Statements
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024
The Trustees Se￿Ing during the year were as follows:
Name of Trustee
RRMBerry
T W Bradshaw
BJDixonx
J J Florsheim
E D Fursdon 'x
AJGreed#
J S Haynes
S P Jacob
R W Longthorp OBE *
R D Morley '
S M Oldfield #
O W Piper
K J Quinton #
J D Swadling OBE
Appointment
27 April 2022
22 February 2021
26 December 2019
27 April 2022
22 February 2021
27 Aprll 2022
27 April 2022
19 June 2023
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 Audrt and Risk Committee
Member of the Finance and General Purposes Committee
x Member of the People, Remuneration and Nominations Committee
Or8anisational Structure
The Board of Trustees meets at least four times a year and oversee5 the fvture strategy of the Charity,
finance and current project work.
The Charity has launched the first five-year strategic plan which is built around the following five key
goals:
to achieve recognition of the industrfs professional standards and abilities;
to deliver a professional framework which informs the development of qualifications and
lifelong leamin
to become recognised as a source of information on careers and progression opportunities;
to deliver a professional institute that helps transform the industry;
to establish a busine55 model that ensures TIAH'5 Sustainability.
The Trustees have also estsblished sub committees on Finance and General Purposes, Audit and Risk
and People, Remuneration and Nominations to report to the Board and the membership of each are
shown above.
The Charity 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 2024
Principal rlsks and uncertainties
The Trustees have examined the major strategic, financial, operational, and reputational 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 poliry which results in a change to the grant
fvndin& inflation which results in a delivery redurtion against the 8rant' the inability to secure
sufficient members.
The Charity has policies to mitigate against these risks.
Objectives and Actlvitles
The Charitvs aim is to be the home of skills and careers support for those working in agriculture and
horticulture. providing tailored online leaming and other practical professional tools to help improve
farm produttivity and profrtability.
In the consideration of projects, the Trustees have due regard to the Charity Commission's guidance
on public benefrt. The Trustees always ensure that the transactions undertaken are in line with the
aims and objectives of the Charity.
The charitable objectives 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 and
horticulture.
Flnancial Revlew
Total income for the year ended 31 March 2024 was £1.35m (2023: £1.8m).
£1.3m {2023: £1.5m) was paid out in respect of the produttion of the leaming platform and content
and support Costs. In addition, £103k (2023: £583k) has been capitalised as the leaming platform
which is now in use and being amortised. Reserves at 31 March 2024 amounted to £1,699k of which
£8k was unrestricted funds {2023: £1,650k of which £IOk was unrestricted funds).
Reserves and Investment Policy
The Reserves at the year end of £1,699k (2023: £1,650k) are primarily in respert of the Defra grant to
be spent on the forthcoming yearfs budget and the committed fvnds forthe completion of the
learning platform. The grant is remitted on specific dates within the year and expenditure is budgeted
within this schedule of payments which can be revised in accordance with commitments made. Under
the terms of the grant anythingthat is unspent but not committed cannot be recognised in the year.
The 2024 budget contains a contingency to cover unexperted or increased expenditure within the
grant.
The Charty has free reserves of £8.301 (2023: £10,415) and the Trustees have approved a Reserves
Policy now that the Chartty is able to offer services to members and receive income in this respect.
Trustees, Annual Report

The Institute for Agriculture and Horticulture- Annual Report and Financial Statements
Approval had been gNen from Defra that TIAH can unrestrict sufficient fvnds in line with TIAH'S
Reserves Policy and Grant FundingAgreement.
The Trustees, havin8 regard to the liquidity requirements of setting up the leaming platform and
service offering have operated a policy of keeping surplus funds in an interest-bearing deposit account.
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024
Plan5 fi>r 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 industrfs shifting needs and can support lon8-term,
sustainable change.
In March 2024 TIAH was awarded additional grant funding from Defra which will be added to the Year
4 grant. The additional grant money has been allocated across several projects primarily it has enabled
TIAH to take on the National Libraries for Agri-Food INLAFI. NLAF was established by the independent
consortium Food & Famiing Futures to provide open access knowledge to farmers and others in the
agri-food sector. TIAH will develop the NLAF into an Artificial Intelligence (Al)-powered system for
sourcin& 5ummarising and cataloguing research papers and articles, and draw upon the librarfs
extensive content to deliver tailored advi￿ to its members through the TIAH Online Service.
Further details 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 Practi￿ in the UK. Company law requires the Trustees to prepare financial statements for
each financial year which give a true and fair view of the state of affairs of the Charity and of the
incoming resources and application of resources, including the income and expenditure, 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 Charities Statement of Recommended Practice;
make judgements and estimates that are reasonable and prudent;
state whether applicable UK Accountin8 Standards have been followed, subject to any material
departures disclosed and explained in the financial statements; and
prepare the financial statements on the going concem basis unless it is inappropriate to
presume that the Charty will continue in operation.
Trustees, Annual Report

The Institute for Agriculture and Horticulture- Annual Report and Financial Statements
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024
The Trustees are responsible for keeping adequate accounting records which disclose with reasonable
accuracy at anytime the financial position of the Charity and which enable them to ensure that the
financial statements comply with the Cornpanies Act 2006. They are also responsible for safeguarding
the assets of the tharity and hence for taking reasonable steps for the prevention and detection of
fraud and other irregularities.
Appointment of Statutory Auditor
A resolution to ￿appoint Bishop Fleming as auditor forthe forthcoming year will be put before the
TIAH Board.
ststement of Dlsclosure 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 Charitys auditor are unaware.
Small Company Provisions
This report has been prepared in accordance with the special provisions for small companies under
Part 15 of the Companies Act 2006.
The Annual Report was approved bythe Board of Trustees on
behalf by:
. and signed on their
Trustee
Stephen Oldfield
Trustees, Annual Report

The Institute for Agriculture and Horticulture- Annual Report and Financial Statements
Independent Audftorfs Report to the Members of The Institute for Agriculture and
Horticulture
OPINION
We have audited the financial statements of The Institute for Agriculture and Horticulture {the
'chariW) for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the
Balance Sheet, the Ststement of Cash Flows and the related notes, including a summary of significant
accounting policies. The financial reporting framework that has been applied in their preparation is
applicable law and United Kingdom Accounting Standards, including Financial Reportin8 Standard 102
'The Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom
Generally Accepted Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the charivs affairs as at 31 March 2024 and of its
incoming resources and application of resources, including its income and expenditure for the
year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.
BASIS FOR OPINION
We condutted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS (UK)) and
applicable law. Our responsibilities under those standards are further described in the Auditors,
responsibilities for the audit of the financial statements section of our report. We are independent of
the charity in accordance with the ethical requirements that are relevant to our audit of the financial
statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we
have fvlfilled our other ethical responsibilities in accordance with these requirements. We believe that
the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
CONCLUSIONS RELATING TO GOING CONCERN
In auditing the financial statements, we have concluded that the Trustees, use of the 8oin8 concern
basis of accountin8 in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relatingto
events or conditions that, individually or collectively, may cast significant doubt on the charFVs ability
to continue as a going con￿rn for a period of at least twelve months from when the financial
statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are
described in the relevant sections of this report.
Independent Auditorfs 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 other information comprises the infonnation included in the Annual Report other than the
financial statements and our Auditors, Report thereon. The Trustees are responsible for the other
information contained within the Annual Report. Our opinion on the financial statements does not
cover the other information and, except to the extent otherwise explicitly stated in our report, we do
not express any form of assurance conclusion thereon. Our responsibility is to read the other
information and, in doing so, consider whether the other information is materialty inconsistent with
the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to
be materially misstated. If we identify such material inconsistencies or apparent material
misstatements, we are required to determine whether this gives rise to a material misstatement in the
financial statements themselves. If, based on the work we have performed, we conclude that there is
material misstatement of this other information, we are required to report that fact.
We have nothin8 to report in this regard.
OPINION ON OTHER MATTERS PRESCRIBED BY THE COMPANIES Acr 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the Trustees, Report for the financial year for which the financial
statements are prepared is consistent with the financial statements;
the Trustees, Report has been prepared in accordance with applicable legal requirements.
MArrERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION
In the light of our knowledge and understanding of the charity and its environment obtained in the
course of the audit, we have not identified material misstatements in the Trustees. Report.
We have nothingto report in respect of the followin8 rnatters in relation to which Companies Act 2006
requires u5 to report to you if, in our opinion:
adequate accounting records have not been kept, or returns adequate for our audit have
not been received from branches not visited by us. or
the financial statements are not in agreement with the accountin8 records and retums; or
certain disclosures of Trustees, remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit; or
the Trustees were not entrtled to prepare the financial statements in accordance with the
small companies regime and take advantage of the small companies, exemptions in
preparing the Trustees, Report and from the requirement to prepare a Strategic Report.
Independent Auditorfs Report

The Institute for Agriculture and Horti¢ulture-Annual Report and Financial Statements
Independent Auditorfs Report to the Members of The Instltute for Agriculture and
Horticulture
RESPONSIBILITIES OF TRusfEES
As explained rn0￿ fully in the Trustees, Responsibilities Statement, the Trustees (who are also the
directors of the charity for the purposes of company law) are responsible for the preparation of the
financial statements and for being satisfied that they give a true and fair view, and for such internal
control as the Trustees determine is necessary to enable the preparation of financial ststements that
are free from material misstatement. whether due to fraud or error.
In preparin8 the financial statements, the Trustees are responsible for assessing the charity's ability to
continue as a going concem, disclosin& as applicable, matters related to going con￿rn and using the
going concem basis of accounting unless the Trustees either intend to liquidate the charity or to cease
operations, or have no realistic alternative but to do so.
AUDITORS. RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole
are free from material Misstatement, whether due to fraud or error, and to issue an Auditors, Report
that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee
that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when
it exists. Misstatements can arise from fraud or error and are considered material if, individually or in
the aggregate, they could reasonably be experted to influence the economic decisions of users taken
on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We desi8n
procedures in line with our responsibillties, outlined above, to detett material misstatements in
respect of irregularities, including fraud. The extent to which our procedures are capable of detectin8
irregularities, includingfraud is detailed below:
we have considered the nature of the sector, control environment and financial
performance of the entty.
we have considered the results of enquiries with management and Trustees in relation to
their own identification and assessment of the risk of irregularities within the entity; and
we have reviewed the documentation of key processes and controls and performed
walkthroughs of transactions to confirm that the systems are operating in line with
documentation.
A5 a result of these procedures, we have considered the opportunities and incentives that may exist
within the organisation for fraud and identified the highest area of risk to be in relation to revenue
recognition, with a particular risk in relation to year*nd cut off. In common with all audits under ISAS
(UK) we are also required to perform specific procedures to respond to the risk of management
override.
We have also obtained understanding of the legal and regulatory framework5 that the charity operates
in, focusing on provisions of those laws and regulations that had a direct effect on the determination
of material amounts and disclosures in the financial statements. The key laws and regulations we
considered in this context included the UK Companies Act and FRS 102 and UK tax le8islation.
Independent Auditorfs Report

The Institute for Agriculture and Horticulture-Annual Report and Financial Statements
Independent Auditorfs Report to the Members of The Instltute for Agrlculture and
Horticulture
In addition, we considered the provisions of other laws and regulations that do not have a dirert effett
on the financial statements but compliance with which May be fvndamental to the charitys ability to
operate or avoid a material penalty.
Our procedures to respond to risks identified included the followÈng:
reviewing the financial statement disclosures and testing to supporting documentation to
assess compliance with provisions of relevant laws and regulations described as having a
direct effect on the financial ststements;
performin8 analytical procedures to identify unusual or unexperted ￿lationshipS that may
indicate risks of material misstatement due to fraud;
reviewing board meeting minutes,.
enquiring of management in relation to actual and potential claims or l¥tigations:
performin8 detailed transactional testing in relation to the reco8nition of revenue with a
particularfocus around year-end cut offr, and
in addressingthe risk of fraud through mana8ement override of controls, testing the
appropriateness of journal entries and other adjustments. assessing whether the judgments
made in accounting estimates are indicative of potential bias. and evaluating the business
rationale of signthcant transattions that are unusual or outside the normal course of
business.
We also communicated identified laws and regulations and potential fraud risks to all members of the
engagement tearn and remained alert to possible indicators of fraud or non-compliance with laws and
regulations throughout the audit.
Our audit procedures were designed to respond to risks of material misstatement in the financial
statements, recognising that the risk of not detecting a material misstatement due to fraud is higher
than the risk of not detecting one resulting from an error, as fraud may involve deliberate concealment
by, for example, forgery. misrepresentations or through collusion. There are inherent limitations in the
audit procedures performed and the fvrther removed non-compliance with laws and regulations is
from the events and transactions reflected in the financial statements, the less likely we would
become aware of it.
A further description of our responsibilrties for the audit of the financial statements is located on the
Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description
forms part of our Auditors, Report.
Independent Auditorfs 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
Thts report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state
to the charity'5 trustees those matters we are required to state to them in an Auditors, Report and for
no other purpose. To the fullest extent pennitted by law, we do not accept or assume responsibility to
anyone other than the charity and its members, as a body, for our audit work. for this report, or for the
opinions we have formed.
David Butler FCA DChA (Senior Statutory Auditor)
for and on behalf of
Bishop Flemlng LLP
Chartered Accountants
Statutory Auditors
10 Temple Back
Bristol
BSI 6FL
Date: 19 December 2024
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 2024
Year to
31 March
2024
Total
14 months
to 31 March
2023
Total
Unre5tr1rted
Funds
Restrlcted
Funds
Note
INCOME FROM:
Voluntary Income
Charltsble Income
Investment Income
TOTAL INCOME
1,347,000
1,347,000
1,252
6,242
1,354,494
1,8CM),000
1,2S2
6,242
7,494
2,083
1,802,083
1,347,000
EXPENDITURE ON=
Charltable actlvltles
9,608
1,296,518
1,306,126
1,481,599
TOTAL EXPENDITURE
9,608
1,296,518
1,306,126
1,481,599
NETMOVEMENfiN
FUNDS
(2,114)
50,482
48,368
320,484
TOTAL FUNDS BROUGHT
FORWARD
12
10,415
1,639,774
1,650,189
1,329,705
TOTAL FUNDS CARRIED
FORWARD
8.301
1.690,256
1,698,557
1,650,189
The notes on pages 15 to 22 form an integral part of these financial statements.
Balance Sheet
12

The Institute for Agriculture and Horticulture-Annual Report and Financial Statements
BALANCE SHEET
AS AT 31 MARCH 2024
31 March
2024
Totsi
31 March
2023
Totsi
Unrestrlcted
Funds
Restrlcted
Funds
Note
FIXED ASSETS
Intsngible fixed assets
1,426,025
1,426,025
1,359,990
CURRENT ASs￿s
Debtors
Cash & cash equivalents
TOTAL CURRENT ASs￿s
26
26
150
10
8,275
13,589
353,587
353,587
361.862
361,888
401,764
401,914
cRED￿oR5. amounts falling due
within one year
11
89,356
89,356
111,715
Net current assets
8,301
264,231
272,532
290,199
Net assets
8,301
1,690,256
1,698,557
1,650,189
FUNDS OF THE CHARrrY
Totsl funds
12
8,301
1,690,256
1,698,557
1,650,189
The accounts are prepared in accordance with the special provisions of Part 15 of the Companies Act
2CK)6 relative to small companies.
The financial
atements were approved and authorised for issue by the Board of Trustees on
and signed on its behalf by:
ee
Stephen Oldfield
The notes on pages 15 to 22 form an inte8ral part of these financial statements.
Balance Sheet
13

The Institute for Agriculture and Horticulture- Annual Report and Financial Statements
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
31 March
2024
31 March
2023
Cash flows from operating activitles:
Net movement in funds
Amortisation of intangible fixed assets
Decrease in debtors
(Decrease) in creditors
48,368
36,565
124
(22,359)
320,484
3,216
(243.031)
Net cash inflow from operatln8 actlvltles
62,698
80,669
Cashfiow from Investing activities:
Purchase of intangible fixed assets
(102.600)
(591,834)
Net (decrease) In cash & cash equiwalents
139,902)
{511,165)
Opening cash & cash equivalents
Movement in the year
401,764
(39,902
912,929
{511,165)
Cash and cash equ￿lents at the year end
361,862
401,764
The notes on pages 15 to 22 form an integral part of these financial statements.
Notes to the Financial Statements
14

The Institute for Agriculture and Horticulture-Annual Report and Financial Statements
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUKnNG POLICIES
The principal accounting policies are summarised below. The accounting policies have been
applied consistently throughout the year and the preceding period.
General Inknmath
The Institute for Agriculture and Horticulture is a company limited by guarantee, incoTporated in
England and Wales. The address of its registered office and its registered numbers are disclosed
on page l.
The principal activity of the charity is as 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 2024. The financial
statements are presented in Sterling and this is the functional currency of the Charity. The
financial ststements are rounded to the nearest whole pound.
Basls of preparation
The financial statements have been prepared under the historical 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, {SORP 15), the Financial Reporting Standard applicable in the United
Kingdorn and Ireland (FR5102) and the Charities and Companies Acts.
Fund accountrz
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
ststed charitable objectives.
Income
These are included in the Statement of Financial Artivities (SoFA} when..
the charity becomes entttled to the resources.
the Trustees are confident they will receive the resources, and
the monetary value can be measured with sufficient reliability.
Expendlture
All support costs incurred have been allocated between charitable expenditure and governance as
appropriate.
Notes to the Financial Statements
15

The Institute for Agriculture and Horticulture-Annual Report and Financial Statements
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 MARCH 2024
AccouKfiNG POUCIES (CONTINUED)
Allocatlon of costs
All expenditure and liabilities are included on an accruals basis and recognised when there is
legal or constructive obligation to pay out resources.
Flnandal Instruments
The Institute for Agriculture and Horticulture only has financial assets and liabilities 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.
Intan81b￿ fixed assets and capltallsatlon
These costs represent the construction of the learning plafform and are recognised as the work
progresses. They include external costs associated with advancing the platform to completion.
The platform was completed in the year and is anticipated to be producing future benefits
therefore amortisation has been charged from the completion date.
Any related internal management resource costs and external ongoing support costs are
expensed.
Amortisation will be charged over an expected useful life of 10 years.
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.
1.10 Golng 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 basis, 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 is a going concern.
Notes to the Financial Statements
16

The Institute for Agriculture and Horticulture- Annual Report and Financsal Staternents
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 MARCH 2024
1.11 Judgments In apptyln8 accountln8 polldes and key Sour￿ of estlmatlon uncertalnty
In applying the companVs accounting policies, the directors are required to make judgements,
estimates and assumptions 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 at the time when the decisions are made and are based on historical
experience and other factor5 that are considered to be applicable. Due to inherent subjectivity
involved in making such judgements, estimates and assumptions, the actual results and outcomes
may differ.
The Trustees do not consider there to be any significant judgements, estimates or assumptions in
these finantial statements.
INCOME
Unrestrlcted
Funds
Restrlcted
Funds
31 March
2024
31 March
2023
Grant from Defra
1,347,(MJO
1,347,000
1,347,000
I,347,0￿)
1,800,000
1,800,000
EXPENDITURE
Unrestrirted
Funds
Restrirted
Funds
31 Marth
2024
31 March
2023
tharltsble actlvltles
Development of services
Support costs (note 4)
Governance costs Inote 5)
363,681
932,837
363,681
932,837
9,608
1,306,126
449,436
1,008,283
23,880
1,481,599
9,608
1,296,518
Notes to the Financial Statements
17

The Institute for Agriculture and Horticulture- Annual Report and Financial Statements
NOTES TO THE FINANCIAL STATEMENTS (contlnued)
FOR THE YEAR ENDED 31 MARCH 2024
SUPPORT COSTS
31 March
2024
31 Marth i
2023
Staff salaries and related expenses
Accounting fees
Business supportand advice
Legal fees
Insurance
Travel, subsistence and meeting costs
Computer equipment and software expensed
General expenses
Amortisation
779,110
36,413
5,654
10,943
7.310
40,324
5,459
11,059
36,565
932,837
850,550
24,621
26,462
10,802
13,259
50,798
8,119
23,672
1,008,283
All support costs are undertaken to support the development of the platform and service offeringto
future TIAH members.
GOVERNANCE cosrs
UnrestrTrted
Funds
Restricted
Funds
31 March
2024
31 March
2023
Audit fees
Trustee insurance
Legal and accounting fees
4,320
1,888
3,400
4,320
1,888
17,000
2,004
4,876
9,608
9,608
23,880
Audit fees for the year will be charged at £10,140 (2023: £9,720).
No trustee received remuneration in the year to 31 March 2024. 3 Trustees received
reimbursed expenses of £4,775 (2023: 5 received £4,711). Trustee Indemnity Insurance was
also in place durin8 the year.
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 2024
srAFF COSTS
31 March
2024
31 March
2023
Wages and salaries
Social Security costs
Pension costs
641,825
65,751
59,581
655,564
76,255
56,708
767,157
788,527
The average number of employees for the year was 12 (2023: 13).
The number of persons employed by the company during the year who received emoSuments
(including taxable benefits in kind) in the following ran8es in excess of £60,(ll) was as follows:
2024
Number
2023
Number
£60,001- £70,(KX)
£80,001 . £90,1
Total remuneration for key management personnel includin8 pension payments totalled
£330,000 for S posts (2023: £381,000 for 7 posts).
TAXATION
The charity's activities fall within the exemptions afft)rded by the provisions of the Income and
Corporation Taxes Att 1988. Accordingly, there is no taxation charge in these accounts.
Notes to the Ftnancial Statements
19

The Institute for Agriculture and Horticulture - Annual Report and Financial Statements
NOTES TO THE FINANCIAL STATEMENTS (contlnued)
FOR THE YEAR ENDED 31 MARCH 2024
INTANGIBLE FIXED ASSETS
Learnlng
Development
platform
Total
Cost
At l April 2023
Additions
At 31 March 2024
1,359,990
102,600
1,462,590
1,359,990
102,600
1,462,590
Amortlsatlon
Charge in the year
At 31 March 2024
36,565
36,565
36,565
36,565
Net Book Value
At 31 March 2024
1,426,025
1,359,990
1,426,025
1,359,990
At 31 March 2023
The Learning Development Platform was shown as Assets under construction in the prior year
and represented costs incurred in its development. The asset came into use in January 2024
and amortisation is now bein8 char8ed.
DEBTORS
31 March
2024
31 Marth
2023
Prepayments
26
150
10
CASH & CASH EQUIVALENTS
31 March
2024
31 March
2023
Current accounts
361,862
401,764
Notes to the Financial Statements
20

The Institute for 4griculture and Horticulture- Annual Report and Financial Statements
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 MARCH 2024
11
UABILITIES: AMouKfs FALLING DUE WITHIN ONE YEAR
31 March
2024
31 Marth
2023
Trade creditors
Accruals
Pension creditor
Other creditors
37,111
38,083
9,838
4,324
89,356
61,347
38,751
10,716
901
111,715
12
FUNDS
l April
2023
31 March
2024
Income
Expendltyre
Transfer
Unrestricted
Restricted:
Income
Capital
Totsl funds
10,415
7,494
(9.608
8,301
279,784
1,359,990
1,650,189
1.244,400
102,600
1,354,494
(1,259,953)
{36,565)
(1,306,126)
264,231
1,426,025
1,698,557
Asat
l April
2022
Asat
31 March
2023
Income
Expendlture
Transfer
Unrestricted
Restricted:
Income
Capital
Total funds
32,212
2,083
(23,880)
10,415
518,777
778,716
1,329,705
1,216,708
583,292
1,802,083
11,455,701)
{2,0181
(1,481,599)
279,784
1,359,990
1,650,189
Restricted funds represent the amounts received from Defra in respett of the 8rant given to
establish the Charity as the professional body for agriculture and horticulture workers.
The Capital resepdes are represented by the Learning Development platform of £1,426,025
12023: £1,359,990) which was amortised in the year as the platform become attive.
Notes to the Financial Ststements
21

The Institute for Agricutture and Horticulture - Annual Report and Financial Statements
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 MARCH 2024
13
RELATED PARTIES
There were no related party transactions made in the year.
14
COMMITMENTS
The Institute for A￿lCUltUre and Horticutture had commitments of £nil {2023: £1.347m) at
the year end for the completion of the leamin8 Portal which is currently under construrtion.
These have not been provided for at the relevant balance sheet date as they are subject to
conditions being met before payment but form part of the Defra grant to be received over
the forthcomin8 years.
Notes to the Financial Ststements
22