Virtu8lSio118lure Trnnsaclbn Ral. S7VT.TPN9-8D8V 17 O•c 2025 16..$6..37 GMT (UTC +0) D 212 P 1124 .The Institute forAgriculture and Horticulture- Annual Report and Financial Statements For the year ended 31 March 2025 The Instltute for Agrlculture and Horticulture (A Company Ilmlted by guarantee) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2025 Company No: 03824061 Charlty No: 1091213 'AEHTQTFS* 2011212025 COMPANIES HOUSE A10
59
Viiiu81Sign•ivr• Tr8n5aclion R•f. sniT.TPNg-808V 17 DOG 202$ 16,.S6..37 GMT IVTC +01 D 212 P 2r24 The Institute forA8riculture and Horticulture-Annual Report and Financial Statements For the year ended 31 March 2025 CONTENTS Reference and Administrative Details Trustees, Annual Report Independent Auditorfs Report 8-12 Statement of Financial Activities 13 Balance Sheet 14 Statement of Cash Flows Is Notes to the Financial Statements 16-22
VirtualSi9nalure Tftynsaclion Ref. $7VT.TPN9-8D8V 77 Qe¢ 2025 16'.S6..37 GMT IUTC +0? 0 212 P 3124 The Institute forAgriculture and HorticUltu- Annual Report and Financial Statements For the year ended 31 March 2025 REFERENCE AND ADMINISTRATIVE DETAILS TRUSTEES/DIRECTORS: RRMBerry B J Dixon J J Florsheim A J Greed R Hallos (Appointed 3 June 2024) S P Jacob R W Longthorp R D Morley M J W Naylor (Appointed l July 2025) S M Oldfield O W Piper SECRETARY: S Jacob REGISTERED OFFICE: I St. James Court Whitefriars Norwich Norfolk NR3 IRU REGISTERED NUMBERS: Company No: Charity No. 03824061 1091213 AUDITOR.. Blshop Fleming Chartered Accountants and Statutory Auditor 10 Temple Back Bristol BSI 6FL BANKERS: HSBC Bank UK plc Roferefice Dnd Adrnlnlstratlvo Detalls
Virfualsignaiuie Tr8th$8¢1iort Rèl. 87VT-7PN9-8D8V 17 Dtt 2025 18..56..37 GMT (UTC +01 O W2 P 4rk4 The Institute for Agriculture and Horticulture- Annual Report and Financial Statements TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 March 2025 The Trustees, who are Directors of the Institute for Agriculture and Horticulture ('the Charitv), present their annual report and financial statements for the year ended 31 March 2025. Background and Relationship with Department of the Environment. Food and Rural Affairs Within the agriculture and horticulture industries a Senior Leadershlp Group ISLG), was formed in 2018, under the chairmanship of Lord Donald Curry, with mernbers 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 funding 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 chalr, 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 {TIAHI. A key objective for the SLG and the Development Board was to reduce fragmentation and consequently rather than formln8 a new legal entity consideratlon was given to existin8 vehicles that might be appropriate for TIAH. As a result, a successful approach was rnade to the trustees of the dormant charity. Agskills Limited, for it to be the legal entity for TIAH. Defra gives ongoing commitment and support throu8h the remittance of a five-year grant whlch commenced In July 2021. The Charitv does not proactively fundraise at present. Structure, Governance and Management Governlng Document The Charity is incorporated as a private company limited by guarantee. Its governance framework is that set by the Charities Regulatory Authority under the Charities Act 2009, and as laid out in the Charities Governance Code. The Articles of Associatlon of the Charity detail the objects and powers of the Charity. Whilst the objects of the charity have remained the same, some of the Articles of Association were updated for thé first time in 20 years to reflect current practice in the prior year. In the event of the Charity being wound up, rnembers are required to contribute an amount not exceeding £1 each. Recrultment and Appolntment of the Board of Trustees The TIAH Board is skills based to ensure that it includes experience financial, legal, digital, marketing, agriculture and horticulture and other relevant fields. Trustees are aware of their obligations 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 trainlng. Auditorf5 RÈport
rtva1Si9natu Yransa¢tw Rel. $7VT-TPN9408V 17 Oec 2025 18..56..37 GMT (UTC +0) D 212 P 5124 The Institute for Agriculture and Horticulture- Annual Report and Financial Statements TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 March 2025 The Trustees serving during the year were as follows: Name of Trustee J M Batchelar OBE RRMBerry BJDixonx J J Florsheim E D Fursdon 'x AJGreed# R Hallos J S Haynes S P Jacob R W Longthorp OBE * R D Morley ' MJWNNaylor S M Oldfield # O W Piper KJ Quinton #x J D Swadling OBE # Appointment 10 February 2025- resigned 15 July 2025 27 April 2022 26 December 2019 27 April 2022 22 February 2021- resigned on 29 January 2025 27 April 2022 3 June 2024 27 April 2022- resigned on 21 July 2025 19 June 2023 8 September 1999 22 February 2021 l July 2025 27 April 2022 22 February 2021 22 March 2021- resigned on 12 December 2024 26 December 2019 - resigned on 29 June 2021, and reappointed on 27 April 2022and resigned on 31 July 2025
Member of the Audit and Risk Committee
Member of the Flnance and General Purposes Committee x Member of the People, Remuneration and Nominations Comrnittee Organ15ational Structure The Board of Trustees meets at least five times a year and oversees the future stfategy 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 industry's professional standards and abilitie5; to deliver a professional framework which informs the development of qualifications and lifelong learning; 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 business model that ensures TIAH'S sustainability. The Trustees have also established 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 during the year. Auditorfs Roport
V*rtualStyJnalure 7ransaciion Rel. S7VT-TPN9-808V 17 De¢ 2025 16'.56.'37 GMT IVTC +01 0 2r2 P 6124 The Institute for Agriculture and Horticulture- Annual Report and Financial Statements TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 March 2025 Principal risks and uncertainties The Trustees have examined the rnajor 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 policy which results in a change to the grant funding; inflation which results in a delivery reduction against the grant; the inability to secure sufflclent members. The Charity has policies to mitigate against these risks. Objectives and Activities The Charitvs aim is to be the home of skills and careers support for those working in agriculture and horticulture, providing tailored online learning and other practical professional tools to help Improve farm productivity and profitability. In the conslderation of projects, the Trustees have due regard to the Charity Commission's guldance on public benefit. The Trustees always ensure that the tran5actlons undertaken are in line with the aims and objective5 of the Charity. The charitable objectives are to: Improve agriculture for the benefit of the public at large by the provision of education, training, advice, and information for people working in agriculture and horticulture. Embed a culture of lifelong learning and continuing profe55ional development. Drive 8reater uptake of training. Promote a8rlculture and hortlculture as a progressive, professional and excitlng career cholce for those within the Industry, potential newcomers and consumers. Flnanclal Revlew Total income for the year ended 31 March 2025 was £2.17m (2024: £1.35m). £1.69m (2024: £1.31m) was paid out in respect of the production of the learning platform and content and support costs. In addition, £39k (2024: £103kl has been capitalised as the learning platform which is now in use and being amortised. Reserves at 31 March 2025 amounted to £2,172k of which £18k was unrestricted funds (2024: £1,699k of which £8k was unrestricted funds). Audltorfs A•port
VirtyalSvJnalJre Transadioi) Ref. S7VT.TPN9408V 17 Dec 2025 16=56=37 GMT IUTC +0) D 212 P 7rk4 The Institute for Agriculture and Horticulture- Annual Report and Financial Statements TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 March 2025 Reserves and Investment Policy The Reserves at the year end of £2,172k (2024: £1,699kl are primarily in respect of the Defra grant to be spent on the forthcoming yearfs budget and the committed funds for the completion of the learning platform. The grant is remitted on specific dates within the year and expenditure 15 budgeted within this schedule of payments which can be revised in accordance with commitments made. Under the terms of the grant anything that is .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 reserve5 of £15,93112024: £8,301) and the Trustees have approved a Reserves Pollcy now that the Charity Is able to offer servlces to mernbers and receive income in this respect. Approval had been given from Defra that TIAH can unrestrict sufficient funds in line with TIAH'S Reserves Policy and Grant Funding Agreement. The Trustees, having regard to the liquidity requirements of setting up the learnlng platform and seniice offering have operated a policy of keepin8 surplus funds in an interest-bearing deposlt account. Strate8lc Actlvlty The Trustees are working 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 evolving needs and can support long term, sustainable change. Durlng the past financial year, TIAH has actively led and developed successful initiatives and digital projects. Our careers activity was led by robust labour market information recently undertaken to predict future skills need5 which included the launch of its Growing Prospects project, almed at helping more people find roles in agriculture and horticulture and show how they can develop the skills and knowledge they need to succeed in this exciting industry. Furthermore. Group Membership better positioned farm businesses as preferred employers in competitive market, helping them to retain staff and contribute to better overall farm productivity and performance in the long-term. TIAH'S tralning hubs. digital platforms and employer support tools continued to deliver tailored skills support to farmers, growers, and food and drink businesses. Investment in TIAH'S online service included the first phase of a project to integrate Artificial Intelligence (All with the National Libraries of Agri-Food (NLAFI to enhance knowledge transfer as a key to future farm profitability. Audltorfs Roport
VirtvalSb3nalvr¢ Transa¢iion Rel. s7.TpN9408v 17 D8c 2025 16..56..37 GMT ILITC +0) D 212 P 8124 The Institute for Agriculture and Horticulture- Annual Report and Financial Statements TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 March 2025 Successful partnerships have been built with organisations such as the UK Agri-Tech Centre which included the delivery of six new online courses to assist farmers in evaluating and adoptin8 new technologies. And a partnership agreement with RABI highlighted the critical role of lifelong learning In empowering farmers and growers and supporting both business and personal resilience. Going fonvard we will work with industry partners to establish a framework for professionalising agriculturalist and horticulturalists through accreditation laying strong foundations for growth and success for the industry and providing professional recognition for our members. Further details on the Instltute for Agriculture and Horticulture actlvlty 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 preparlng the Trustees, Annual Report and the financial statements in accordance with appllcable law and the Generally Accepted Accounting Practice in the UK. Company law requires the Trustees to prepare financlal statements for each flnancial 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 consistentlv. 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 Accounting Standards have been followed. subject to any materlal departures disclosed and explained in the financial statements; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity wlll continue in operation. The Trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and which enable them to ensure that the financial statements comply with the Companies Act 2006. They are a150 responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Appointment of Statutory Auditor A resolution to reappoint Bishop Fleming as auditor for the forthcoming yearwill be put before the TIAH Board. Audltor's Roport
Vi11iJ8lSwn8luig Trgn5attion Rel. sNr_TPN9-8D8V 17 D* 2025 16:56..37 GMY IUTC +01 0 212 P 9124 The Institute for Agriculture and Horticulture-Annual Report and Financial Statements TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 March 2025 Statement of Disc105ure 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 Charitvs auditor are unaware. Small Company Provisions Thls report has been prepared in accordance with the special provisions for small companles under Part 15 of the Companies Act 2006. The Annual Report was approved by the Board of Trustees on .as.D8cember.2025and signed on their behalf by: Chair M J W Naylor Audltorf6 Report
vIrtlS19¥1Ure Tr4n58clKJn Ref. S7VT-TPN94D8V 17 Oe¢ 20ZS 16..56:37 IUTC +0) D 212 P 10r24 The Institute for Agriculture and Horticulture- Annual Report and Financial Statements Independent Auditorfs Report to the Members of The Institute for Agriculture and Horticulture OPINION We have audited the financial statement5 of The Institute for Agrlculture and Horticulture (the 'charlty') for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement 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 Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, {United Kingdom Generally Accepted Accounting Practice). In our opinion the financlal statements". give a true and fair view of the state of the charity's affairs as at 31 March 2025 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 conducted our audit in accordance with International Standards on Auditing (UK) (ISAS IUK}) 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 fulfilled our other ethlcal responsibilities In accordance with these requirements. We believe that the audlt evldence 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 80ing concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitvs ability to continue as a going concern 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. Audltor'8 Roport
VirtualSwJnaiufO T¢•iisaclion Raf. S7VT-TPN9-808V 17 Oec ?025 16..56..37 GMT (UTC +01 0 2rd p 11r24 The Institute for Agriculture and Horticulture- Annual Report and Financial Statements Independent Auditorfs Report to the Members of The Institute for Agriculture and Horticulture OTHER INFORMATION The other information comprises the information 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 materially inconsistent with the financial statements, or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we Sdentify such material Inconslstencles or apparent material misstatements, we are required to determine whether this gives rise to a rnaterial misstatement in the financial statements themselves. If. based on the work we have performed, we conclude that there is a material mi5Statement of this other information, we are required to report that fact. We have nothing to report 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 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. MAThERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION In. the light of our knowledge and understanding of the charlty and Its .environment obtained in the course of the audit, we have not identified material mi5Staternents in the Trustees, Report. We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us 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 vlsited by us; or the financial statements are not in agreement with the accounting records and return5. 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 entitled to prepare the financial statements in accordance with the small companies, regime and take advantage of the small companies, exemptions in preparing the TfUStees' Report and from the requirement to prepare a Strategic Report. Audltor'3 R@port
VirtualSHJnalure Trai)SèClion Ref. S7VT-TPN9-808V 17 D8c 2025 76-.56..37 GMT IUTC +0) D 212 P 12124 The Institute for Agriculture and Horticulture- Annual Report and Financial Statements Independent Auditorfs Report to the Members of The Institute for Agriculture and Horticulture RESPONSIBILITIES OF TRUSTEES As explained more 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 statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the charity's ability to contlnue as a 8oln8 concern, dlsclosing, as applicable, matters related to golng concern and uslng the going concern 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 5TATEMENT5 Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material mlsstatement, whether due to fraud or error, and to issue an Audltors, Report that Includes our opinion. Reasonable a55urance Is a high level of assurance but is not a guarantee that an audlt conducted in accordance with ISAS (UK) wlll always detect a materlal 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 expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularltles, including fraud. are instances of non-compliance with laws and regulations. We design procedures in line wlth our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to whlch our procedures are capable of detectln8 irregularities, including fraud is detailed below: we have considered the nature of the sector, control environment and financial performance of the entitv; 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-end 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 frameworks that the charlty 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 legislation. Audltor'g R•port 10
WirtualSKJn81uf8 T18ns8cliun Rel. S7vr-TPN9-8D8V 17 Dec 2025 16..56..37 GMT (UTC +0) D W2 P 13124 The Institute for Agriculture and Horticulture- Annual Report and Financial Statements Independent Auditorfs Report to the Members of The Institute for Agriculture and Horticulture In addition, we considered the provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the charltls abllity to operate or avoid a material penalty, Our procedures to respond to risks identified included the following: reviewing the financial statement disclosure5 and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations destribed as having a direct effect on the financial statements; performing analytical procedures to identify unusual or unexpected relationships that may Indicate risks of material misstatement due to fraud; reviewing board meeting minutes,, enquiring of management in relation to actual and potential clalms or litigations; performing detailed transactional testing in relation to the recognition of revenue with particular focus around year-end cut off; and in addressing the risk of fraud through management 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 significant transactions that are unusual or outside the normal course of business. We also communlcated Identlfied laws and regulations and potential fraud risks to all members of the engagement team and rernalned alert to possible indicators of fraud or non-compliance with laws and regulations throu8hout the audit. Our audit procedures were designed to respond to risk5 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 further removed non-cornpliance 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 responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.or8.uvauditorsresponsibilities. This description forms part of our Auditors, Report. Audltor'a R•pgrt
Virtualsbjnaluie Transaclion R81. S7VT-TPN94DSV 17 Oec 2025 16..56..37 GlT ILFtC +0) D 212 P 14124 The Institute for Agriculture and Horticufture- 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 made solely to the charity's trustee5, 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 charlty's trustees those matters we are required to state to thern in an Auditors, Report and for no other purpose. To the fullest extent permitted 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. IknbJ• Oavld Butler FCA DChA (Senlor Statutory Audltorl for and on behalf of Blshop FlemSng LLP Chartered Accountants Statutory Auditors 10 Temple Back Bristol BSI 6FL Oate: 17 December 2025 Audltarfg Aoport 12
Virtualstynalure Traftsaclion Ref. S7VT.TPN9408V 17 08c 2025 16..56..37 GMT (UTC +0) 0 212 P 15124 The Institute forAgriculture and Horticufture- Annual Report and Financial Statements STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR TO 31 March 2025 Year to 31 March 2025 Total Year to 31 March 2024 Total Unrestrirted Funds Restricted Funds Note INCOME FROM: Voluntary income Charitable income 2,145,1)00 2.145.000 9.790 13,408 2,168,198 1,347.000 1,252 6,242 1,354,494 9.790 13.408 23,198 Investment income TOTAL INCOME 2,145,000 EXPENOITURE ON: Charltable activitles TOTAL EXPENDITURE 15,568 15,568 1,678,857 1,678,857 1,694,425 1,694,425 1,306,126 1,306,126 NEf MOVEMENT IN FUNDS 7.630 466.143 473.773 48.368 TOTAL FUNDS BROUGHT FORWARD 12 8,301 1,690,256 1,698,557 1,650.189 TOTAL FUNDS CARRIED FORWARD 15,931 2,156,399 2,172,330 1,698,557 The notes on pages 16 to 22 form an integral part of these financial statements. Stdtomont ol Flndnclal Actlvltlog 13
WTrrtvalSvJna1u Tr8nsaclion Rel. S7VT-TPN94D8V 17 08c 2025 16..56..37 GMT (UTC +0) cl 212 P 16124 The Institute for Agriculture and Horticulture- Annual Report and Financial Statements BALANCE SHEET AS AT 31 March 2025 31 March 2025 Total 31 March 2024 Total Unrestricted Funds Restrlcted Funds Note FIXED ASSETS Intangible fixed assets 1,317,146 1.317,146 1,426.025 CURRENT ASSETS Debtors Cash & cash equivalents TOTAL CURRENT ASSETS 56,049 26,104 82,153 174,078 771,706 945,784 230,127 797,810 1,027,937 26 361,862 361,888 io CREDITORS: amounts fallin8 due within one year 11 65,022 106,531 171,553 89,356 Net current assets 17,131 839,253 856,384 272,532 CREDITORS: amounts falling due in more than a year 12 1,200 1,200 Net assets 15,931 2,156,399 2,172,330 1,698,557 FUNDS OF THE CHARITI Total funds 13 15,931 2,156,399 2,172,330 1,698,557 The accounts are prepared in accordance with the speclal provlslons of Part IS of the Companies Act 2006 relative to small companies. The financial statements were approved and authorised for issue by the Board of Trustees on ..IS.DRoembpr.202&. and signed on its behalf by: Trustee Stephen Oldfleld The notes on pages 16 to 22 form an integral part of these financial statements. 8alanÉe Sh••t 14
Virtualsignalwe Tran5a¢bon Ref. S7vr.TPNg4OBV 17 Dec 2025 16..56..37 GMT (UTC +0) D 212 P 17124 The Institute for Agriculture and Horticulture- Annual Report and Financial Statements STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 March 2025 31 March 2025 31 March 2024 Cash flows from operating artivities: Net rnovement in funds Amortisation of Intangible fixed assets (Increase} in debtors Increase{/decrease) in creditors 473,773 147,579 (230,101) 83,397 48,368 36,565 124 {22,359) Net Cash Inflow from operating activities 474,648 62,698 Cashflow from Investing activities: Purchase of intangible fixed assets 138,700} {102,600) Net (decrease) In cash & cash equivalents (38,700) (39,902) Opening cash & cash equivalents Movement in the year 361,862 435,948 401,764 (39,902 Cash and cash equlvalents at the year end 797,810 361,862 The notes on pages 16 to 22 form an integral part of these financial statements. Statement f Cash Flow5 Is
Virtu8lSp3naiure Tr8nsBclion Ref. S7VT-TPN94D8V 17 Oec 2025 16=$6..37 GMT (UTC +0} D 212 P 18fd4 The Institute for Agrlculture and Horticulture- Annual Report and Financlal 5tatement5 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2025 ACCOUNTING POLICIES The principal accounting policies are summarlsed below. The accountlng policies have been applied consistently throughout the year and the preceding period. General Inforniatlon 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 principal activity of the charity is as the professional body for those working in the agriculture and horticulture sector. The annual report and flnancial statements are for the year ended 31 March 2025. The flnanclal statements are presented in Sterling, and this is the functional currency of the Charity. The financial stalernents are rounded to the nearest whole pound. Basis of preparation The financial statements have been prepared under the historlcal cost convention, and In accordance wlth applicable accounting standards, In preparing the financial statements the charity follows best practice as set out in the Statement of Recommended Practice: 'Accounting and Reportin8 by Charltles, {SORP 15). the Flnanclal Reporting Standard applicable in the United Kingdom and Ireland IFRS102) and the Charitles 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 charlty's general fund may be used by the charity at its discretlon to further Its stated charltable objectives. Income These are included in the Statement of Financial Activities (SoFA} when: the charity becorne5 entitled to the resources, the Trustees are confident they will receive the resources. and the rnonetary value can be measured with sufficient rellablllty. Membership income is reco8nlsed over the perlod of the subscriptlon, Expendlture All support costs incurred have been allocated between charitable expenditure and governance as appropriate. N•tg8 to tho Flnanclal Stat•monii 16
Virtualsignalure Tr¥n5WCtioD Ref. S7WT-TPN9-8D8V 17 De¢ 2025 16..56.'37 GMT (UTC +0) D 212 P 79124 The Institute for Agriculture and Hortlculture- Annual Report and Financial Statement5 NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 March 2025 ACCOUNTING POUCIES (CONTINUED) Allocation of costs All expenditure and liabilities are included on an accruals basis and recognised when there is a legal or constructwe obligation to pay out resources. Flnanclal Instruments The Institute for Agriculture and Hortlculture only has flnanclal assets and liabilities of a klnd that qualify as baslc flnanclal Instruments. Baslc financial instruments are initially recognised at transaction values and subsequently measured at their settlement value. Intangible fixed assets and capitalisation These costs represent the construction of the learning platform and are reco8nised a5 the work progresses. They include external costs assoclated with advancing the platform to completion. The platform was completed in the year and Is antlclpated to be producing future benefits therefore amortisation has been charged from the cornpletion date. Any related Internal management resource costs and external ongoing support costs are expensed. Arnortisation will be charged over an expected useful lrfe of 10 years. Cash and Cash equlvalents Cash and cash equivalents are cash and short term highly liquid Investments wlth a short maturity of three months or less from the date of acquisltlon or openlng of the deposlt or simllar 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 Brant. Therefore, the Twstees are of the opinion that there are adequate resources available to continue tradins for a period of at least 12 months, and TIAH Is a goin8 concern. 1.11 Judgments in applying accounting pollcles and key sources of estimation uncertainty In applying the company's accounting policies, the directors are required to rnake 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 atthe time when the decisions are made and are based on historical experience and other factors that are consldered 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 assumption5 in these financial statements. Not•1 to thq Flninelal Stètom•nti 17
VirtLsalSignalufe Trgnsaclion Ref. S7VT-TPN94D8V 17 Oec 2025 18..56."37 GPn (UTC +0) 0 212 P 20r24 The Institute for A8riculture and Horticulture- Annual Report and Financial Statements NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 March 2025 INCOME Unrestrlcted Funds Restrlcted Funds 31 March 2025 31 March 2024 Grant from Defra Membership income Other income Investment income 2.145,000 2.145,000 9,790 1,347.000 9,790 1.252 6,242 1,354,494 13,408 23,198 13,408 2,168,198 2,145,000 EXPENDITURE Unrestricted Funds Restricted Funds 31 March 2025 31 March 2024 Charftable a¢¢lvltles Development of services Support costs (note 4} Governance costs (note 51 446,955 1,23 1,902 446,955 1,231,902 15,568 1,694,425 363,681 932,837 9,608 1,306,126 15,568 15,568 1,678,857 SUPPORT COSTS 31 March 2025 31 March 2024 Staff salaries and related expenses Accounting fees Business support and advice Legal fees Insurance Travel, subsistence and meeting costs Computer equiprnent and software expensed General expenses Amortisation 914,923 46,821 37,714 3,825 9,073 55,313 8,483 8,171 147,579 1,231,902 779,110 36,413 5,654 10.943 7,310 40,324 5,459 11,059 36,565 932,837 All support costs are undertaken to support the development of the platform and service offering to future TIAH members. Not•1 to tho Flnanclal Statomonti 18
VirtualSKJn8lure Transgch'on Ref. S7VT-TPN94D8V 17 De¢ 2025 16..56-.37 GIKf IUTC +0) 0 212 P 21124 The Institute for Agrlculture and Horticulture-Annual Report and Financial Statement5 NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 March 2025 GOVERNANCE COSTS Unrestricted Funds Restricted Funds 31 March 2025 31 March 2024 Audit fees Trustee insurance Legal and accountin8 fees 13,680 1,888 13,680 1,888 4,320 1,888 3,400 9,608 15,568 15,568 Audit fees for the year will be charged at £10,440 {2024.. £10,140). In accordance with the Memorandum and Articles of Association Stephen Jacob, CEO is also a Trustee . He received remuneration solely for hls management role which is included in note 6. Staff costs below. 5 Trustees recelved reimbursed expenses of £3,044 (2024; 3 received £4,775). Trustee Indemnity Insurance was also in place during the year. STAFF COSTS 31 March 2025 31 March 2024 Wages and salarles Soclal Security costs Pension costs 725,183 76,376 72,345 873,904 641,825 65,751 59,581 767,157 The average number of employees for the year wa5 1412024: 12). The number of persons employed by the company durlng the year who recelved emoluments (including taxable benefits in kind) in the following ranges in excess of £60,000 was as follows: 2025 2024 Number Number £60,001- £70,000 £70,001- £80,000 £80,001- £90,000 £140,001- £150,000 Total remuneration for key management personnel including pension payments totalled £367.741 for 4 posts12024: £330.000 for 5 posts). Not•1 to tho Flnanclal Statomont8
Virtu8lSwJtbèlu TfaThsaolion Rel. $7VT.TPN94U8V 17 Oe¢. 2025 16..56..37 GMT IUTC. +0) D 212 P 22124 The Instltute for Agrlculture and Horticulture- Annual Report and Financlal Statements NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 March 2025 TAXATION The charitls activities fall within the exemption5 afforded by the provislons of the Income and Corporation Taxes Act 1988. Accordingly, there is no taxation char8e in these accounts. INTANGIBLE FIXED ASSETS Learnln8 Development platform Total C05t At l April 2024 Additions At 31 March 2025 1.462,590 38,700 1,501,290 1,462,590 38.700 I,SOl,290 Amortisation At l April 2024 Charge in the year At 31 March 2025 36,565 147,579 184,144 36,565 147,579 184,144 Net Book Value At 31 March 2025 At 31 March 2024 1,317,146 1,426,025 1,317,146 1,426,025 DEBTORS 31 March 2025 31 March 2024 Trade debtors Prepayments and accrued incorne 55,005 175,122 230,127 26 26 10 CASH & CASH EQUIVALENTS 31 March 2025 31 March 2024 Current accounts 797,810 361,862 Notos tg tho Plnanclal 5tatomenti 20
• WirtualSw8ture Transaction Rsf. S7VT.TPN9-806V 77 De¢ 2025 16..58.'37 GMT IVTC +0) D 2r2 P 23124 The Institute forA8riculture and Horticulture- Annual Report and Financial Statements NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 March 2025 11 LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR 31 March 2025 31 March 2024 Trade credltors Accruals and deferred income Pension creditor Other creditors 31,216 126,787 12,085 1,465 171.553 37,111 38,083 9,838 4,324 89,356 12 LIABILITIES: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR 31 March 2025 31 March 2024 Accruals and deferred income 1,21XI 1,200 13 FUNDS Asat l April 2024 Asat 31 March 2025 Income Expenditure Unrestrirted Restricted: 8,301 23,198 (15,568) 15,931 Income 264,231 1.426,025 1,698,557 2,106,300 38,700 2,168,198 {1,531.278) (147,579) 11,694,425) 839,253 1,317,146 2,172,330 Capital Total funds Restricted funds represent the amount5 received from Defra in respect of the grant given to establish the Charity as the professlonal body for agriculture and horticulture workers. The Capital reserves are represented by the Learning Development platform of £1,317,146 (2024: £1,426.025) which is amortised as the platform is active. Not•1 to th• Plninclal Statofflontg 21
VirtualSKJnalwe Transa¢kn"oii Rof. $7VT-TPN9408V 17 DÈ¢ 2025 16..56.'37 GMT IUTC +0) D 212 P 24124 The Institute forAgriculture and Horticulture-Annual Report and Financial Statements NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 March 2025 14 RELATED PARTIES During the year. the following transaction took place at arm's length between the charity and a related party: Payments for insurance subscription fees of £10,961 were made to a company In whlch R Morley is a director in common. 15 COMMITMENTS The Institute for Agriculture and Horticulture had commitments of £210k12024: £nll} at the year end for the completion of the learning portal which is currently under construction. These have not been provided for at the relevant balance sheet date as they are subject to conditions belng met before payment but form part of the Defra grant to be received overthe forthcoming years. Not98 tg tho Ilnan¢l•l Statornonts 22