2022-12-31-accounts

Chanty Information. ...
Trustees' Report. .				.2
Independent Auditor's	Report			.7
Consolidated Statement	of Fmancial	Activities	...	.... . 10
Consolidated Balance Sheet				. . 11
Chanty Balance Sheet.				. . 12
Consolidated Statement	of Cash Flows ...			. . 13
Notes to the Financial Statements.		..		...14

			Unrestricted	Unrestricted
			Tote I	Total
			Funds	Funds
			2022	2021
		Notes	6	6
Income from:
Chantable activities			2,023,991	1,717,170
Other trading activities			58,230	70,257
investments			140,787	112,533
Total income			2,223,008	1,899,960
Expenditure on:
Chantable activities			1,950,386	1,742,456
Total expenditure			1,950,386	1,742,456
Net income before	taxation		272,622	157,504
Taxation			55,016	(/,719)
Net movement in funds			327,638	149,785
Total funds brought	forward		3,039,630	2,889,845
Total funds carried	forward	22	3,367,268	3,039,630

				2022		2021
			Notes	6
Fixed assets
Tangible assets			12		3,105,483		3,134,575
investments			13		11570		8 109
					3,117,053		3,142,684
Current assets
Stocks			14	85,850		73,739
Debtors			15	687,550		729,658
Cash ar hank and	in	hand	26	750 304		223 164
Creditors: Amounts		falling		1,523,704		1,026,561
due within one ear			16	552 816		850 654
Net current assets					970888		175907
Total assets less	current
liabilities					4,087,941		3,318,591
Creditors: amounts		falhng
due aper more than		one year	17		(454,573)		(6,911)
Provisions for liabilities			21		(266,100)		~272 050
Tote I net assets					3 367 268		3 039 630
Charity funds
Unrestricted funds:
General funds				1,942,919		1,614,596
Revaluation reserve				1 424 349		1 425 034
Total unrestncted	Funds		22		3 367 268		3 039 630
Totalfunds			24				3 039 630

harity Ba	lance		Sheet a	s at 31D	ecember 202	2
					2022		2021
				Notes	E		5
Fixed assets
Investments				13
Current assets
Debtors				15	23,296		30,510
Cash at bank and		in	hand		133,097		119,870
					156,393		150,380
Creditors:	Amounts		falhng
due withm one 'ear				16	5 812		44 495
Net current	assets					150581		105885
Total assets less		current
liabilities						150,586		105,890
Total funds						150,586		105r890

Consolidated Statemen 2022	t o	f Ca	sh Flo	ws for t	he year en	ded 31 Dece	mber
						2022	2021
					Notes	E	E
Cash flows from operating	activities
Cash from operations					25	578,663	(37,785)
Yaxation aid /refunded							59 121
						578663	21r336
Cash flows from investing	activities
investment mcomo						140,787	112,533
Proceeds From the sale of tangible		Fixed	assets			16,350	5,675
Purchase of investments						(3,461)	(3,549)
Purchase of tangible fixed assets						(73,225)	(52,736)
Interest aid						36997	41018
Net cash resided b investin		activities				43 454	20905
Cash flows from financing	activities
Repayments of borrowmg						(693,889)	(96,076)
Drawdown oFloans						605,303
Hire purchase payments m the year						(6,391)	(35,239)
Hire urchase advances m the	ear						12 000
Net cash used in financin	activities					94,977	119315
Change in cash and cash equivalents			in the	year		527,140	(77,074)
						223 164	300,238
Cash and cash e uivalents	at the end ofthe			ear	26	750304	223 164

Freehold	property	2% straight	hne
Plant and	machinery	10%to 25% reduong		balance
Motor vehicles		25% reduang	balance
Fixtures	and fittmgs	25% reduang	balance
Computer	equipment	25% roduang	balan«e

			Tots I	Total
			Funds	Funds
			2022 E	2021I
Subsidiary	chantable	activities	2,023,141	1,716,035
Government	grants		850	1,136
Tots I			2,023,991	1,717,170

In	come	fr	om non char	itable trading activities
					Total	Total
					Funds	Funcls
					2022	2021
					E	E
	Contract		sales		58,230	70,257
	Tote	I			58,230	70,257
All	income		in the current	and pnor year is unrestricted.

All	income in the curr	income in the curr	income in the curr	ent and pnor year is unrestricted.
6.	Investment			income
					Tots I	TOtal
					Funds	Funds
					2022	2021
					E	6
	Rents	receivable			60,452	53,284
	Sundry	mcorne			76,874	55,699
	Investment		mcome		3 461	3 550
Total					140 78/	112533

A	nal	ysis	of exp	enditure on activi	ties
					Activities
					undertaken	Support	Tots I
					directly	costs	Funds
					2022	2022	2022
					6	E	6
Farm					4,502		4,502
Education/Agronomy					(120)		(120)
Seance					1,368		1,368
Subsidiary		rharitable		activities		1,515,705	1,515,705
General	runnin		costs			428 931	428 931
Tata I					5 750	I 944 636	1 950 386

alysis ofdirect cos	ts
			Education/		Total
		Farm	Agronomy	Science	Fullds
		2022	2022	2022	2022
		6	F.	E	E
Stal'f costs		4,502	(120)	1,368	5,750
Direct costs
Total		4,502	120	1,368	5,750
alysis ofsupport costs
			Subsidiary	General
			charitable	running	Tote I
			activities	costs	Funds
			2022	2022	2022
			E	E	E
Staff costs			740,522	54,631	795,153
Depreaation			82,093		82,093
Rates and water				19,393	19,393
Light and heat				225,324	225,324
Telephone				11,387	11,387
Post and stationery				5,207	5,207
Sundnes			328,043	453	328,496
Direct costs			267,087		267,087
Repairs and renewals				68,568	68,568
Travelhng and motor	expenses			7,072	7,072
Subcontractors			57,089		57,089
Computer costs				376	376
Subscnptions				2,524	2,524
Traimng				5,086	5,086
Bank charges				3,856	3,856
Cleaning				1,679	1,679
Bank interest			36,997		36,997
Auditor's fees				9,450	9,450
Accountancy				7,330	7,330
Legal and professional	fees			6,595	6,595
Loss on dis osal of fixed assets			3874		3 874
Tots I			1 515705	428 931	1 944 636

				Activities	Activities
				«ndertaken Support costs			Tote I
				directly		2021	Funds
					2021	6	2021
					E		E
Farm					18,642		18,642
Education/Agronomy					(575)		(575)
Saence					18,099		18,099
Subsidiary			chants bie activities			1,623,747	1,623,747
						82 543	82 543
Tots	I				36 166	1 706 290	1 742 456
nalysi	s	of	direct costs		Education/		Total
				Farm	AQronomy	Seance	Funds
				2021	2021	2021	2021
				E	E	E	E
Sta/f	costs			1,866	(575)	18,099	19,390
Direct costs				16 776			16776
Tots	I			18642	575	18,099	36 166

alysis ofsupport	co	sts
			Subsidiary
			charitable	Genera I		Total
			activities	I'tihhihg	Cease	Funds
			2021		2021	2021
			8			8
Staff costs			756,391		5,358	761,749
Depredation			88,011			88,011
Rates and water					1,959	1,959
Light and heat					15,104	15,104
Telephone					754	754
Post and stationery					296	296
Sundnes					4,987	4,987
Direct costs			742,801			742,801
Repairs and renewals					2,344	2,344
Travelhng and motor		expenses			146	146
Subcontractors					20,051	20,051
Computer runmng	costs				153	153
Subscnptions					136	136
Traimng					89	89
Bank charges					45	45
Cleanmg					186	186
Bank mterest			41,018			41,018
Auditors' fees					7,700	7,700
ACCOuntanCy					12,279	12,279
Legal and professional		fees			10,956	10,956
Profit on dis osal	of	Fixed assets	4 474			4.474
Total			1,623,747		82 543	1.706 290

		Auditor's remuneration
									2022	2021
									s.	E
	Fees	payable to the Chanty's	auditor.
		for the audit of the Chanty's			annual	accounts			6,850	5,500
		for the audit of the Chanty's			subsidiary		annual accounts		2,600	2,200
		in respect of all non-audit		services		not	mcluded above		5,530	5,025
9.		Staff costs
							Group 2022	Group 2021	Company 2022	Company 2021
							s	E	E	s.
	Wages and salanes						731,231	713,296	4,906	21,150
	Soma	l secunty costs					57,868	55,639	694	2,954
	Pension costs						11804	12 204	150	644
							800 903	781,139	5 750	24,748

		Group	Group
		2022	2021
		No.	No.
Research activities		23	24
Management	and administration
Estates
		34	33

2022	2021
Number	Number

1. Taxation
										2022	2021
										E	E
Corporation tax
Current tax on net mcome										(45,377)	(58,798)
Total current tax credit										49 066	58,798
Deferred tax
Ongination and reversal	of	timin			diFferences					5 950	66 517
Tote I deferred tax										~5 950	66 517
Taxation credit ex	ense		on		net income					55 016	7 719
e actual charge/(credit)	for	the		year can		be reconaled		to the expected		charge/(credit) for	the year
se on the profit or loss	and	the		standard		rate oftax		as Follows.
										2022	2021
										E	E
Net income beFore tax			(1)			Note 13				227,926	144,363
Expected tax charge based the UK oi' 19/ (2021 —19		on / )	the		standard		rate of corporation		tax in	43,306	27,429
Effects of:
Adiustments in respect	of prior			years						(3,689)
Research and development		tax		credit						(95,900)	(104,855)
Other tax adiustments										1,267	4,415
Changes in the rate of	deferred			tax provided							65,292
Total tax credit/(charge)		for the period								(55,016)	(7,719)

2. Tangible fixed asset roup	s
			Fixtui'es
	Freehold	Plant and	ah(l	M0tor	Computer
	property E	machinery E	fittings 6	vehicles E	equipment E	Total E
Cost or valuation
As at I January 2022	3,028,290	985,646	20,582	41,275	65,178	4,140,971
Additions	26,172	18,375		28,345	333	73,225
Dis peals		184089		19750		203 839
As at 31 December 2022	3,054,462	819932	20 582	49,870	65,511	4 010 357
Depreciation
At I January 2022	126,102	778,123	17,532	30,853	53,786	1,006,396
Charge for the year	20,597	51,547	762	6,318	2,869	82,093
On dis peals		170212		13403		183615
As at 31 December 2022	146 699	659 458	18294	23,768	56,655	904 874
Net book values
As at 31December 2022	7 907 763	160 474	2 288	26102	8 856	3 1.05 483
As at 31 December 2021	2 902 188	207 523	3 050	10422	11392	3 134 575

mance	le	ases	or hire purchase contracts are as fol	lows:
				2022	2021
				F.	E
Plant	and	machinery		16,500	22,000
Fixtures		and	fittings	1,549	2,065
Com	utere		ui ment	3 289	4 385
Car	i	value		21338	28 450

3. Fixed asset in	vestments
		Unlisted	Unlisted
		investments	investments
Group		2022 E	2021 F.
Cost or valuation
As at 1 January 2022		8,109	4,560
Additions		3,461	3,549
At 31 December 2022		11570	8 109
Net book value
As at 31December	2022	11570	8 109

	Investments	Investments
	in subsidiary	m subsidiary
Charity	companies 2022	companies 2021
	E
Cost or valuation
At 1 Jan 2022
At 31 December 2022
Net book value
At 31December 2022

Principal sub	si	diaries
The following	is	a subsidiary	undertaking			of the Chanty:
Name							Company number			Holding Incl ded in consolidation
Stockbndge	Technology		Centre	Limited			04175440			100%		Yes
The finance l results of the			subsidiary		for	the year were:
Name						Income E	Expenditure 6	Tax credit		for the	profit year	Net assets E
									E		E
Stockbndge	Technology		Centre	Limited		2,023, 1'll	1,795,215	55,016		282,942		3,216,687
14. Stocks
										Group		Gl'oup
										2022		2021
										E		6
Raw matenals		and consumables								85,850		73,739
18. Debtors
						Group				Charity
						2022	2021			2022		2021
Due within	one year									6		6
Trade debtors						503,705	580,912			4,340		904
Corporation	tax recoverable					104,175	58,798
Prepaymenls		and accrued	mcome			79,670	89,948			18,956		29,606
						687,550	729,658			23,296		30,510

6. Cre	ditors:	A	mounts falling	due wit	hin one year
					Group			Charity
					2022	2021	2022		2021
					E	6	E		E
Bank loans (note			18)		1.09,122	649,096
Trade creditors					1')6,721	55,552			8,000
Amounts	owed	to	subsidiary				52		32,295
Other taxation		and soaal secunty			143,807	51,738
Corporation tax						3,689
Finance	leases	and hire purchase		(note
20)					4,050	6,715
Other creditors					689	2,356
Accruals					48,910	46,594	5,760		4,200i
Deferred	income		note 19		99 517	3l 914
					552 816	850 654	5 812		44,495

7. Credito	rs:	Amou	nts falling due a	fter more th	an one year
						GI'oup	Group
						2022	2021
						E	E
Bank loans	—1-2 years (note 18)					137,160
Bank loans	—2-5 years (note 18)					314,228
Net obhgations (note 20)		under	finance lease and	hire purchase	contracts	3,185	6,911
						454,573	6,911

18. Loans	and ov	erdrafts
The following	secured	debts are mcluded	within	creditors:
					Group 2022	Group 2021
					E	E.
Bank loans due within		I year			109,122	649,096
Bank loans due after I		ear			451,309
					960,510	649,096

				Gi'os p 2022	Group 2021
				E	E
As	at 13anuary		2022	34,914	10,425
Amount		released	to mcome	(34,914)	31,513
Amount		deferred	m the year	99 517	7 024
As	at 31	December 2022		99517	34914
20.	Finance lease obligations

					2022	2021
					F.	E
Future	minimum		lease payments	due under finance lease:
Withm	one year				4,050	6,715
In two	to five	ears			3 185	6911
					7 235	13626

Group	Group							2022 E	2021 6
At the	begmning		of the	year				272,050	205,533
Char	e for	the	ear					5 950	66 517
Closin	deferred		taxation		liabiht			266 100	272 050
The deferred		tax balance		is	made	up as Follows;
								Group	Group
								2022	2021
								E	E
Accelerated		capital allowances						266,090	272,672
Other	timing differences							10	(622)
								266,100	272,050
The charity had no			deferred		tax asset or hability		in 20Z2 (2021 —Enil).

								Balance at
				Balance at		Expenditure		31
				1January 2022	Income	(including taxation)	Transfers between	December 2022
				E	E	E	funds	E
Unrestricted			funds				E
General	funds		—ag Funds	1,614,596	2,223,008	(1,895,370)	685	1,942,919
Revaluation		reserve		1 425 034			685	I 424,349
				3 039 630	2 223 008	1 895 370		3 367 268
Restricted		funds
Restncted		funds
Total	funds			3 039 630	2 223 008	1 895370		3 367 268

									Balance at
				Balance at I3anuary 2021		Income	Expenditure (including taxation)	Transfers between	31 December 2021
					E	E	6	funds	E
Unrestricted			funds					E.
General	funds		—all funds	1,284,736		1,899,960	(1,750,175)	180,075	1,614,596
Revaluation		reserve		1	604 206			(179~172j	1 425 034
				2	888,942	1899960	I 750 175	903	3 039 630
Restricted		funds
Restncted		Funds			903			(903
Totalfunds				2	889 845	1 899960	I 750 175		3 039 630
23. Summary			offunds - Charity
Summary	offunds - current year								Balance at
				Balance at				Transfers	31
				I	3anuary 2022	Income	Expenditure	between funds	December 2022
					E	E.	6	E	E
General	funds				105,890	58,230	(13,534)	44,696	150,586
Restncted		Funds
					105890	58 230	13 534	44 696	150 586
Summary	offunds - prior year								Balance at
				Balance at				Transfers	31
				I	Ianuary 2021 E	Income E	Expenditure E	between funds E	December 2021I
General	funds				91,846	70,257	(57,116)	903	105,890
Restncted		Funds			903			903
					92 749	70 257	57 116		105890

roup an	alysis	of n	et	assets	between funds —current year
						Total
						Funds
						2022
						E.
Tangible	fixed	assets				3,105,483
Fixed asset investments						11,570
Current assets						1,523,704
Creditors	due	within	one year			(552,816)
Creditors	due	m more		than one	year	(454,573)
Prowsions	For	habilities		and cha	es	266 100
Total						3,367,268

roup an	alysis	of net	assets between funds —prior period
				Total
				Funds
				2021
				6
Tangible	Fixed	assets		3,134,575
Fixed asset investments				8,109
Current assets				1,026,561
Creditors	due	within one year		(850,654)
Creditors Prowsions	due for	in more liabilibes	than one year and charges	(6,911) (272 050j
Total				3039 630

5. Reconciliation	of net movement in funds to net	cash flow from operating a	ctivities
		Group	Group
		2022	2021
			E
Net income after tax		327,638	149,785
Adjustments for:
Taxation charged/(credited)		(55,016)	7,719
Deprecation		82,093	88,011
Investment mcome		(140,787)	(112,533)
Interest expense		36,997	41,018
Loss/(profit) on the sale olhxed assets		3,874	(4,474)
Increase in stocks		(12,111)	(12,282)
Decrease/(increase)	in debtors	87,485	(96,180)
Increase decrease	in creditors	248 490	98849
		578 663	37 785

. A	nalysis ofcash and cash equivalents
		Group	Group
		2022	2021
		6	E
Cash	in hand	114	185
Cash	at bank	750 190	222 979
Total	cash and cash eguivalents	750,304	223 164

. Analysis of c	hanges in net	debt
			At 1			At 31
			january	Cash	Loan	December
			2022	flows	advances	2022
			E	E.	f.	E
Cash at bank and	in hand		223,164	527,140		750,304
Bank loans due withm I year			(649,096)	693,889	(153,915)	(109,122)
Bank loans due after I year					(451,388)	(451,388)
Finance leases and	Hire Purchase	Contracts	(13626)	6 391		(7,~235
			439 558	I 227 420	605 303	182 559

28. Operating	28. Operating	lease c	ommitm	ents	ents	ents
At 31December		2022 the	Group	had commitments			to make future	mmimum	lease payments	under
non-cancegable		operating	leases	as Follows:
									Group 2022	Gi'oup 2021
									E	E
Not later	than	1 year							4,050	6,715
Later than	1	ear and not later		than	5	ears			3 185	6 911
									7 235	13 626

		Unrestricted	Restricted	Tote I
		Funds	Funds	Funds
		2021	2021	2021
		E	E	E
Income from:
Chantable activibes		1,717,170		1,717,170
Other trading actiwtles		70,257		70,257
Investments		112,533		112,533
Tote I income		1,899,960		1,899,960
Expenditure on:
Chantable activities		1,742,456		1,742,456
Total ex enditure		1,742,456		1,742,456
Net income before taxation		157,504		157,504
Taxation		(7,719)		(7,719)
Net movement in	funds	149,785		149,785
Transfers between	funds	903	(903)
Net movement in	funds	150,688	(903)	149,785
Tolal funds bros ht forward		2,888,942	903	2,889,845
Total funds rri		3,039,630		3,039,630