2020-12-31-accounts

			Page
Reference and administrative		details ofthe Charity, its Trustees and advisers	1-2
Trustees' report			3-7
Independent	auditors' report	on the financial statements	8-10
Consolidated	statement offinancial activities
Consolidated	balance sheet		12-13
Charity balance sheet			14
Consolidated	statement ofcash flows
Notes to the	financial statements		16-36

FOR TH	E PERI	OD ENDED 31 DE	CEMBER2020
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Note	2020 6	2020 6	2020 f	2020 6
Income from:
Charitable activities:
Subsidiary charitable activities		1,569,436		1,569,436	1,803,419
Tax credit in subsidiary		86,831		86,831	50,242
Capital grant		2,907		2,907	1,860
Other charitable activities					29,987
Other trading activities		63,562	51,691	115,253	/44, 853
Investments		131,514		131,514	142,015
Total income		1,854,250	51,691	1,905,941	2,172,376
Expenditure on:
Charitable activities:
Farm		31,886		31,886	63,517
Education/Agronomy		13,485		13,485	24,721
Science		19,432		19,432	49,867
Subsidiary charitable activities		1,058,664		1,058,664	1,639,545
General running costs		159,437	51,691	211,128	160,953
Other charitable activities		3,052		3,052
Total expenditure		1,285,956	51,691	1,337,647	1,938,613
		568,294		568,294	233,763
Net income before taxation
Subsidiary tax on profit	12	(97,271)		(97,271)	(29,987)
Net movement in funds before other
recognised gains/(losses)		471,023		471,023	203,776
Other recognised gains/(losses):
Deferred tax on revaluation					(17,078)
Net movement in funds		471,023		471,023	185,698
Reconciliation offunds:
Total funds brought forward		2,417,919	903	2,418,822	2,232,124
Net movement in funds		471,023		471,023	186,698
Total funds carried forward		2,888,942	903	2,889,845	2,4f8,822

		A	S AT 31 D	ECEMBER 202	0
					31
					December		31March
					2020		2020
			Note		6
Fixed assets
Tangible assets			13		3,142,251		3,152,164
Investments			14		4,560		100
					3,146,811		3,152,264
Current assets
Stocks			15	61,457		74,160
Debtors			16	725,390		485,938
Cash at bank and	in hand			300,238		82,521
				1,087,085		642,619
Creditors: amounts	falling due within one
year			17	(466,135)		(427,477)
Net current assets					620,950		215,142
Total assets less	current liabilities				3,767,761		3,367,406
Creditors: amounts	falling due after more
than one year			18		(672,383)		(745,044)
Provisions for liabilities					(205,533)		(203,540)
Net assets excluding		pension asset			2,889,845		2,418,822
Total net assets					2,889,845		2,418,822
Charity funds
Restricted funds			20		903		903
Unrestricted funds
General funds			20	1,284,736		813,713
Revaluation reserve				1,604,206		1,604,206
Total unrestricted	funds		20		2,888,942		2,417,919
Total funds					2,889,845		2,418,822

	FOR TH	E P	ERIOD ENDED 31 DECEMBER 2	020
				2020f	2020
Cash flows from operating	activities
Net cash used in operating	activities			413,772	147,646
Cash flows from investing	activities
Dividends, interests and rents from investments				(4,460)
Proceeds from the sale oftangible fixed		assets			11,714
Purchase oftangible fixed assets				(53,818)	(140,471)
Interest paid				35,367	53,745
Net cash used in investing	activities			(22,911)	(75,012)
Cash flows from financing	activities
Repayments of borrowing				(102,947)	(139,266)
Hire purchase payments in	the year			(7,103)	(7,685)
Hire purchase advances in	the year				8,033
Net cash used in financing	activities			(110,050)	(138,918)
Change in cash and cash	equivalents	in	the period	280,811	(66,284)
Cash and cash equivalents	at the beginning		ofthe period	19,427	85,711
Cash and cash equivalents	at the end of		the period	300,238	19,427
The notes on pages 16to 36form part ofthese financial statements

			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
			2020 6	2020f	2020	2020
Sales	contract	income	63,562	51,691	115,253	144,853
Total	2020		49,006	95,847	144,853

	Unrestricted	Total	Total
	funds	funds	funds
	2020	2020	2020
	6		f:
Rents received	96,068	96,068	113,702
Sundry income	35,446	35,446	28,313
	131,514	131,514	142,015
Total 2020	142,015	142,0'l5

					Unrestdcted	Restricted	Total	Total
					funds	funds	funds	funds
					2020	2020	2020	2020
					6	6	6	t'
Farm					31,886		31,886	63,517
Education IAgronomy					13,485		13,485	24,721
Science					19,432		19,432	49,667
Subsidiary		charitable		activities	1,174,736		1,174,736	1,639,545
General	running		costs		46,417	51,691	98,108	160,963
					1,285,956	51,691	1,337,647	1,938,613
Total 2020					1,842,766	95,847	1,938,613

					Activities
					undertaken	Support	Total	Total
					directly	costs	funds	funds
					2020f	2020	2020 8	2020 t'
Farm					31,886		31,886	63,517
Education IAgronomy					13,485		13,485	24,721
Science					19,432		19,432	49,867
Subsidiary		charitable		activities		1,174,736	1,174,736	1,639,545
General	running		costs			98,108	98,108	160,963
					64,803	1,272,844	1,337,647	1,938,613
Total 2020					138,105	1,800,508	1,938,613

		Education I		Total	Total
	Farm	Agronomy	Science	funds	funds
	2020 6	2020 6	2020 6	2020 6	2020f
Staff costs	30,789	13,485	10,939	55,213	116,580
Direct costs	1,097		8,493	9,590	19,525
	31,886	13,485	19,432	64,803	138,105
Total 2020	63,517	24,721	49,867	138,105

			Subsidiary	General
			charitable activities	r'Uno log costs	Total funds	Total funds
			2020 6	2020f	2020 6	2020f
Staff costs			561,605	5,053	566,658	778,478
Depreciation			57,245		57,245	73,026
Rates and water				1,496	1,496	3,103
Light and heat				10,795	10,795	23,082
Telephone				897	897	2,193
Post and stationery				554	554	'l,413
Advertising						954
Sundries				(1,324)	(1,324)	5,691
Direct costs			513,972	6,421	520,393	762,795
Repairs and renewals				5,947	5,947	12,135
Travelling and motor expenses				2,299	2,299	7,297
Subcontractors				34,907	34,907	33,227
Computer running	costs			66	66	163
Subscriptions				250	250	494
Training				51	51	1,294
Bank charges				327	327	1,111
Cleaning				245	245	613
Bank interest			36,075	62	36,137	56,840
Auditors fees				13,000	13,000	6,300
Accountancy				3,549	3,549	4,2'l2
Legal and professional		fees		13,513	13,513	21,587
Profit and loss on	disposal offixed assets		5,839		5,839	4,500
			1,174,736	98,108	1,272,844	1,800,508
Total 2020			1,639,545	160,963	1,800,508

					2020f	2020f
Fees payable	to the Charity's	auditor	for the audit ofthe Charity's	annual
accounts					13,000	6,300
Fees payable	to the Charity's	auditor	in respect of:
All non-audit	services not included above				3,549	4,412

			Group	Group	Company	Company
			2020 f	2020	2020f	2020f
Wages and	saladies		570,925	815,724	54,984	116,001
Social security costs			41,574	65,613	4,374	10,292
Contribution	to defined contribution	pension
schemes			9,372	15,721	908	2,358
			621,871	897,058	60,266	128,651

		Group	Group
		2020	2020
		No.	No.
Research activities		28	24
School visits			2
Management	and administration		6
Estates			4
		37	36

Group	Group
2020	2020
No.	No.

Taxation
		2020	2020
		6
Corporation	tax
Current tax on net income for the period		95,278	29,738
Total current	tax	95,278	29,738
Deferred tax
Origination and reversal of timing differences		1,993	249
Total deferred tax		1,993	249
Taxation on	net income	97,271	29,987

					2020	2020
					6
Net income	before tax				568,294	233,763
Effects of:
Expenses not deductible		for tax purposes,	other than goodwill	amortisation
and impairment					1,687	4,693
Depreciation	for period	in excess ofcapital allowances/(Capital		allowances
for period in	excess ofdepreciation)				30,382	(43,905)
Adjustment	in research	and development	tax credit leading to	an
increase/(decrease) in the tax charge					65,202	69,199
Total tax charge forthe period					97,271	29,987

	Freehold	Plant and	Motor	Fixtures	Computer
	property 8	machinery f	vehicles 8	and fittings 6	equipment 6	Total f
Cost or valuation
At 1 April 2020	3,026,106	908,382	43,575	21,843	66,711	4,066,617
Additions	5,939	47,879				53,818
Disposals	(3,755)	(38,905)			(1,683)	(44,343)
At 31 December 2020	3,028,290	917,356	43,575	21,843	65,028	4,076,092
Depreciation
At 1 April 2020	91,004	727,424	31,433	16,575	48,017	914,453
Charge for the period	15,142	35,457	2,277	986	3,381	57,243
On disposals	(313)	(36,519)			(1,023)	(37,855)
At 31 December 2020	105,833	726,362	33,710	17,561	50,375	933,841
Net book value
At 31 December 2020	2,922,457	190,994	9,865	4,282	14,653	3,142,251
At31March 2020	2,935,102	180,958	12,142	5,268	18,694	3,152,164

	Unlisted
	investments
Group	6
Cost or valuation
At 1 April 2020	100
Revaluations	4,460
At 31 December 2020	4,560
Net book value
At 31December 2020	4,560
At 31March 2020	100
	Investments
	in
	subsidiary
	companies
Charity	6
Cost or valuation
At 1 April 2020
At 31December 2020
Net book value
At 31 December 2020
At 31March 2020

	Principal sub	sidiaries	sidiaries
	The folloviing	was a subsidiary		undertaking		ofthe Chadity:
	Name						Company			Holding		Included		in
							number					consolidation
	Stockbridge Technology		Centre	Limited			04175440				100'/0	Yes
	The financial	results ofthe subsidiary			for	the period were:
	Name					Income	Expenditure			Profit/(Loss)			Net	assets
						6					ISurplusl
										(Deficit) for
											the period
											E
	Stockbridge	Technology	Centre			1,703,857		1,198,709			505,148		2,756,671
	Limited
15.	Stocks
											Group
												31		Group
											December		31March
											2020			2020
												8			8
	Raw materials	and consumables									61,457			74,	160
16.	Debtors
							Group				Company
							31		Group			31	Company
						December		31	March		December		31March
							2020		2020		2020			2020
							8			6		8			6
	Due within one year
	Trade debtors					437,921		319,169							984
	Other debtors					150,710		118,611
	Prepayments	and accrued income				136,759		48,		158	66,469			11,703
						725,390		485,938			66,469			12,687

								Group		Company
								31	Group	31	Company
							December		31March	December	31March
								2020	2020	2020	2020
										6
Bank overdrafts									63,094
Bank loans								75,552	75,552
Other loans									7,500
Trade creditors								88,405	101,553		552
Other taxation			and	social security			191,918		16,973
Obligations		under		finance lease and hire
purchase	contracts							5,302	7,380
Other creditors								6,406	7,825
Accruals	and deferred				income			98,552	147,600	50,225	55,250
							466,135		427,477	50,225	55,812
								Group		Company
								31	Gmup	31	Company
							December		31March	December	31March
								2020 6	2020f	2020f	2020 5
Deferred	Income
Deferred	income at 1				April 2020		104,346		231,620	47,580	78,225
Amounts	released			from previous		periods	(51,732)		(127,274)	(5,014)	(30,645)
								52,614	104,346	42,566	47,580
Creditors:		Amounts			falling due	after more	than one year
										Group
										31	Group
										December	31March
										2020	2020
											6
Bank loans										669,620	738,081
Net obligations			under		finance lease and hire		purchase	contracts		2,763	6,963
										672,383	745,044

		31
		December
		2020
		5
Group and Charity
At the beginning	ofthe period	203,540
Charge for the period		1,993
Deferred tax on	revaluation
		205,533

The deferred	tax balance is made up as follows:
		Group
		31	Group
		December	31March
		2020	2020
		5	5
Accelerated	capital allowances	(203,540)	(41,299)
Deferred tax	on revaluation	(1,993)	(162,241)
		(205,533)	(203,540)

Statemen	t		offunds - current	period
								Balance at
								31
				Balance at 1				December
				April 2020	Income	Expenditure	Taxation	2020
				6	6	6	6	6
Unrestricted			funds
General	Funds - all funds			38,316	1,854,250	(1,285,956)	(97,271)	509,339
Reserves				775,397				775,397
Revaluation			reserve	1,604,206				1,604,206
				2,417,919	1,854,250	(1,285,956)	(97,271)	2,888,942
Restricted			funds
Restricted		Funds - all funds		903	51,691	(51,691)		903
Total of	funds			2,418,822	1,905,941	(1,337,647)	(97,271)	2,889,845

Statement	offund	s - prior period
								Balance at
		Balance at					Gainer	31March
		1April 2019	Income f	Expenditure	f	Taxationf	(Losses)f	2020f
Unrestricted
funds
General Funds-
all funds		(5,199)	49,006	(178,144)				(134,337)
Reserves		615,136	1,997,536	(1,634,635)		(29,987)		948,050
Revaluation
reserve		1,621,284					(17,076)	1,604,206
		2,231,221	2,046,542	(1,812,779)		(29,987)	(17,078)	2,417,919
Restricted
funds
Restricted	Funds
-all funds		903	95,847	(95,847)				903
Totai offunds		2,232, 124	2,142,389	(1,908,S2S)		(29,987)	(17,078)	2,418,822

Summary offunds - cu	rrent pedod
					Balance at
					31
	Balance at 1				December
	April 2020f	Income f	Expenditure f	Taxationf	2020f
General funds	2,417,919	1,854,250	(1,285,956)	(97,271)	2,888,942
Restricted funds	903	51,691	(51,691)		903
	2,418,822	1,905,941	(1,337,647)	(97,271)	2,889,845

						Balance at
	Balance at				Gains/	31March
	1 April 2019f	Income	Expendituref	Taxationf	(Losses) f	2020 5
General funds	2,231,221	2,046,542	(1,812,779)	(29,987)	(17,078)	2,417,919
Restricted funds	903	95,847	(95,847)			903
	2,232,124	2,142,389	(1,908,626)	(29,987)	(17,078)	2,418,822

Analysis ofnet assets between funds Analysis of net assets between funds - current	period
	Unrestricted	Restricted	Total
	funds	funds	funds
	31	31	31
	December	December	December
	2020f	2020f	2020 6
Tangible fixed assets	3,142,251		3,142,251
Fixed asset investments	4,560		4,560
Current assets	1,086,182	903	1,087,085
Creditors due within one year	(466,135)		(466,135)
Creditors due in more than one year	(672,383)		(672,383)
Provisions for liabilities and charges	(205,533)		(205,533)
Total	2,888,942	903	2,889,845

	Analysis ofn	et as	sets between	funds - prior period
					Unrestricted	Restncted	Total
					funds	funds	funds
					31March	31March	31March
					2020	2020f	2020 6
	Tangible fixed	assets			3,152,164		3, '/52, 164
	Fixed asset investments				100		100
	Current assets				641,716	903	642,619
	Creditors due	within	one year		(427,477)		(427,477)
	Creditors due	in more than one year			(745,044)		(745,044)
	Provisions for	liabilities and charges			(203,540)		(203,540)
	Total				2,417,919	903	2,418,822
23.	Reconciliation	ofnet movement		in funds to net cash	flow from operating	activities
						Group
						31	Group
						December	31March
						2020 6	2020f
	Net income for the		period (as per	Statement of Financial	Activities)	471,023	203,776
	Adjustments	for:
	Depreciation charges					57,243	73,026
	Loss on the sale offixed assets					5,839	4,500
	Decrease/(increase)		in stocks			12,703	(5,087)
	Increase in debtors					(239,452)	(25,907)
	Increase/(decrease)		in creditors			104,423	(119,989)
	Deferred tax					1,993	17,327
	Net cash provided		by operating	activities		413,772	147,646

			Group
			31	Group
			December	31March
			2020f	2020f
Cash in hand			227	'I82
Cash at	bank		300,011	82,339
Overdraft	facility repayable	on demand		(63,094)
Total cash and cash equivalents			300,238	19,427

					At 31
			At 1 Apdl		December
			2020 f	Cash flowsf	2020f
Cash at bank and in hand			82,521	217,717	300,238
Bank overdrafts	repayable	on demand	(63,094)	63,094
Debt due within	1 year		(83,052)	7,500	(75,552)
Debt due after 1 year			(738,081)	68,461	(669,620)
Finance leases			(14,343)	6,278	(8,065)
			(816,049)	363,050	(452,999)

payments	und	er non-cancellable operating leases as follows:
			Group
			31	Group
			December	31March
			2020f	2020
Not later than		1 year	2,459	3,278
Later than	1 year and not later than 5years			6,963
			2,459	10241