|INDEX|||||Page| |---|---|---|---|---|---| |Report ofthe trustees|||||3-12| |Independent|auditor's
report||||13-15| |Consolidated|statement|offinancial|activities||16| |Consolidated|balance sheet||||17| |Charity aggregated
balance sheet|||||18| |Consolidated|statement|ofcashfiows|||19| |Consolidated|summary|income and|expenditure|account|| |Accounting|policies and|notes to the|financial statements||20-33| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||Unrestricted|Endowment|Total funds|Total funds| |---|---|---|---|---|---|---|---| ||||Note|funds|funds|2022|2021| |Income and endowments|from:||||||| |Charitable
activities —rental||income||118,250||118,250|117,858| |Other trading activities||||48,226||48,226|48,134| |Investments|||2|929,391|47,285|97e,67e|872,858| |Other income|||||||36,691| |Total||||1,095,867|47,285|1,143,152|1,075,541| |Expenditure
on:|||||||| |Raising funds:|||||||| |Investment
Manager costs||||20,433|125,377|145,810|140,709| |Legal and other Professional||Fees||4,950|25,670|30,620|35,410| |Cost ofraising funds||||25,383|151,047|176,430|176,119| |Expenditure
on charitable|activities:||||||| |Grants and donations|||3|702,598||702,598|2,979,116| |Depreciation||||263,523|74,600|338,123|338,123| |Support and overhead costs|||4|108,432||108,432|93,048| |Cost ofcharitable activities||||1,074,553|74,600|1,149,153|3,410,287| |Total expenditure||||1,099,936|225,647|1,325,583|3,586,406| |Net income / {expenditure)||||(4,069)|(178,362)|(182,431)|(2,510,865)| |Net gains / (losses) on investments||||447,674|1,953,333|2,401,007|6,120,994| |Unwinding
ofdiscounts on|investment||||||| |sale|||12||||810,013| |Other recognised
gains / {losses)|||12||(238,774)|(238,774)|(111,940)| |Net movement
in funds||||443,605|1,536,197|1,979,802|4,308,202| |Reconciliation offunds:|||||||| |Total funds brought forward||||6,482,344|38,654,496|45,136,840|40,828,638| |Total funds carried forward|||14|6,925,949|40,190,693|47,116,642|45,136,840| ## ||||Unrestricted|Endowment|Total funds|Total| |---|---|---|---|---|---|---| |Fixed assets:||Note|funds|funds|2022|funds 2021| |Tangible assets||7|3,742,471|1,244,700|4,987,171|5,325,294| |Investments
Total fixed assets||9|5,625,746
9,368,217|32,832,291
34,076,991|38,458,037
43,445,208|36,155,605
41,480,899| |Current assets:||10||||| |Debtors|||155,216|2,807,234|2,962,450|2,893,355| |Cash at bank and in
Total current assets|hand||830,476
985,692|3,708,168
6,515,402|4,538,644
7,501,094|4,912,426
7,805,781| |Liabilities:||||||| |Creditors: Amounts|falling due within one|||||| |year
Net current assets or liabilities|||(1,125,817)
(140,125)|(401,700)
6,113,702|(1,527,517)
5,973,577|(1,335,748)
6,470,033| |Total assets less current liabilities|||9,228,092|40,190,693|49,418,785|47,950,932| |Creditors: Amounts|falling due after more|||||| |than one year||11|(2,302,143)||(2302 143)|(2814092)| |Net assets|||6,925,949|40,190,693|47,116,642|45,136,840| |The funds ofthe charity:||13||||| |Endowment
funds||||40,190,693|40,190,693|38,654,496| |Unrestricted
funds|||6,925,949||6,925,949|6,482,344| ||||6,925,949|40,190,693|47,116,642|45,136,840| ## ## ||||Charitable|Charitable||| |---|---|---|---|---|---|---| ||||Company|Trust||| ||||Unrestricted|Endowment|Total funds|Total funds| |Fixed assets:||Note|funds|funds|2022|2021| |Tangible assets
investments
Total fixed assets||7
9|3,742,471
5,625,746
9,368,217|1,244,700
32,832,291
34,076,991|4,987,171
38,458,037
43,445,208|5,325,294
36,155,605
41,480,899| |Current assets:||10||||| |Debtors
Cash at bank and in
Total current assets|hand||985,692
155,216
830,476|6,515,402
2,807,234
3,708,168|7,501,094
2,962,450
4,538,644|7,805,781
2,893,355
4,912,426| |Liabilities:||||||| |Creditors: Amounts
falling due within one year
Net current assets or liabilities||11|(1,125,817)
(140,125}|{401,700)
6,113,702|(1,527,517)
5,973,577|(1,335,748)
6,470,033| |Total assets less current liabilities|||9,228,092|40,190,693|49,418,785|47,950,932| |Creditors: Amounts|falling due after more|||||| |than one year
Net assets||11|(2,302,143)
6,925,949|40,190,693|(2,302,143)
47,116,642|(2,814,092)
45,136,840| |The funds ofthe charity:||13||||| |Endowment
funds
Unrestricted
funds|||6,925,949|40,190,693|40,190,693
6,925,949|38,654,496
6,482,344| ||||6,925,949|40,190,693|47,116,642|45,136,840| |Reconciliation
offunds:||14||||| |Totai funds brought
forward
Net movement
in funds
Total funds carried forward|||6,482,344
443,605
6,925,949|38,654,496
1,536,197
40,190,693|45,136,840
1,979,802
47,116,642|40,828,638
4,308,202
45,136,840| ## ## |||||||Total funds|Total funds| |---|---|---|---|---|---|---|---| ||||||Note|2022|2021| |Net cash used|in operating|activities|||15|(1,303,223)|2,747,726| |Cash flows from activities:|||||||| |Interest and dividends||||||976,676|872,858| |Cash provided|by investments||and activities|||(326,547)|3,620,584| |Cash flows from other sources:|||||||| |Transfer to investment
funds||||||(47,235)|(3,044,813)| |Change in cash|and cash equivalents|||in the year||(373,782)|575,771| |Cash and cash|equivalents|brought forward||||4,912,426|4,336,655| |Cash and cash|equivalents|carried forward||||4,538,644|4,912,426| |||2022|2021| |---|---|---|---| |Total income||1,143,152|1,075,541| |Total expenditure||(1,325,583)|(3,586,406)| |Gains/(losses)
on|investments|2,401,007|6,120,994| |Income discounted|cashflows||810,013| |Other recognised|gains/(losses)|(238,774|(111,940)| |Net income / expenditure
for year||1,979,802|4,308,202| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Investment
income||||| |---|---|---|---|---| ||Unrestricted|Endowed|2022|2021| ||funds|funds||| |||||E| |Investments|928,852|47,285|976,137|871,370| |Bank Interest|539||539|1,488| ||929,391|47,285|976,676|872,858| |Other income||||36,691| ## |3a:Grants Payable 2022|||||| |---|---|---|---|---|---| |Reconciliation
ofgrants payable|Studentships|Research|Education|Other|2022| ||E||||| |Commitments
at 1st April 2021|1,906,530|1,743,314|93,750|104,823|3,848,417| |Commitments
made
in the year|430,000|43,500|113,320|122,828|709,648| |Grants cancelled or recovered|||(6,500)|(550)|(7,050)| |Grants payable forthe year (Note 3b)|430,000|43,500|106,820|122,278|702,598| |Grants paid during the year|(422,609)|(530,567)|(120,570)|(146,438)|(1,220,184)| |Commitments
at 31stMarch 2022|1,913,921|1,256,247|80,000|80,663|3,330,831| |Within one year|443,921|424,104|80,000|80,663|1,028,688| |After more than one year|1,470,000|832,143|||2,302,143| ||1,913,921|1,256,247|80,000|80,663|3,330,831| |Grants Payable 2021|||||| |Reconciliation
ofgrants payable|Studentshlps|Research|Education|Other|2021| ||E||||| |Commitments
at 1stApril 2021||1,398,540|88,500|53,950|1,540,990| |Commitments
made in the year|2,284,530|494,112|81,017|139,457|2,999,116| |Grants cancelled or recovered|||{20,000)||(20,000)| |Grants payable for the year|2,284,530|494,112|61,017|139,457|2,979,116| |Grants paid during the year|(378,000)|(149,338)|(55,767)|{88,584)|(671,689)| |Commitments
at 31stMarch 2022|1,906,530|1,743,314|93,750|104,823|3,848,417| |Within one year|417,609|447,143|64,750|104,823|1,034,325| |After more than one year|1,488,921|1,296,171|29,000||2,814,092| ||1,906,530|1,743,314|93,750|104,823|3,848,417| ## ## ## |||||||| |---|---|---|---|---|---|---| |Studentships|||||JIC|430,000| |Research grants:|||||JIC|43,500| |Education:||||||| |Women ofthe future (Accrual for event cancelled)|||||JIG|(6,500)| |Year in Industry|||||JIC|17,500| |FFDT annual
operations|||||Food Farming 8 Discovery Trust|20,000| |Pulse project|||||LEAF Education|23,000| |Summer Science Challenge|Book||||SAW Trust|5,000| |Voice ofYoung Science|||||Sense About Science|7,670| |Annual
grant as per Governing||Document|||Rutlish Foundation|1,000| |Agricultural
bursaries|||||Individuals|39,150| |Education total||||||106,820| |Other grants:||||||| |Rare books collection - administration|||||JIG|13,129| |Rare books airconditioning|units over||accrued||JIC|(550)| |Student support
activities|||||JIG|12,000| |Recreation Centre Manager|||||JIC|17,199| |Science Evidence Week|||||Sense About Science|5,000| |AIP Seed Enterprise
Fund|||||AIP|75,000| |Other|||||Other|500| |Other grants total||||||122,278| |4. Analysis ofsupport||and overhead||costs||| ||||||2022|2021| |Support and overhead||costs|||f|f| |Trustee costs and|expenses||including|meetings|39,966|37,367| |Clerk toTrustees|and|Financial Administration|||49,052|39,017| |Auditors
remuneration|||||12,107|9,600| |Other professional|fees||||404|1,004| |Insurances|||||5,507|4,897| |Other costs|||||1,396|1,163| ||||||108,432|93,048| ## |||||||2022|2021| |---|---|---|---|---|---|---|---| |||||||f|f| ||Trustees'|remuneration||||37,000|37,000| ||Trustees'|indemnity||insurance||5,507|4,897| ||Trustees'|and|clerk's|expenses||2,966|367| ||Auditor's|remuneration||||12,107|9,600| ||Auditor's|remuneration|||—non audit fees|404|1,004| ||Administrator's||fees|||49,052|39,017| ||Other support||costs|||1,396|1,163| |||||||108,432|93,048| ||Trustees|remuneration|||||| |||||||2022|2021| |||||||f|f| |P|D lnnes|||||10,000|10,000| |K|R Norman|||||6,000|6,000| |Dr D Lawrence||||||5,000|5,000| |D|M Hill|||||5,000|5,000| |DrT LBarsby||||||6,000|6,000| |Prof R Hails||||||5,000|5,000| |||||||37,000|37,000| ## ## |Consolidate
Tangible fixed assets - land &|Unrestricted|Endowment|Total funds| |---|---|---|---| |buildings|funds|funds|2022| ||f||f| |Cost at 1st April 2021|13,002,039|2,960,500|15,962,539| |At 31st March 2022|13,002,039|2,960,500|15,962,539| |Depreciation
at 1st April 2021|8,996,045|1,641,200|10,637,245| |Charge for the year|263,523|74,600|338,123| |At 31st March 2022|9,259,568|1,715,800|10,975,368| |Net book value at 31st March 2021|4,005,994|1,319,300|5,325,294| |Net book value at 31st March 2022|3,742,471|1,244,700|4,987,171| ## |Aggregated
Tangible fixed assets - land &|Unrestricted|Endowment|Total funds| |---|---|---|---| |buildings|funds
f|funds
f|2022
f| |Cost at 1st April 2021|10,973,314|2,960,500|13,933,814| |At 31stMarch 2022|10,973,314|2,960,500|13,933,814| |Depreciation
at 1st April 2021|6,967,320|1,641,200|8,608,520| |Charge for the year|263,523|74,600|338,123| |At 31st March 2021|7,230,843|1,715,800|8,946,643| |Net book value at 31st March 2021|4,005,994|1,319,300|5,325,294| |Net book value at 31st March 2022|3,742,471|1,244,700|4,987,171| ## |||||||2022|2021|| |---|---|---|---|---|---|---|---|---| |||||||Charity &||Charity &| ||||||Group|Trust|Group|Trust| ||||||f|f|f|f| |Listed investments||and||Cash|37,625,037|37,625,037|35,322,605|35,322,605| |Investment|in subsidiary|||undertaking||1,083,001||1,083,001| |Provision||||||(250,001)||(250,001)| |Investment|in AIP|LLP|||S33,000||833,000|| ||||||38,458,037|38,458,037|36,155,605|36,155,605| |Usted investments||and||cash||Cash|Portfolio|Total 2022| |Market value brought|||forward|||514,979|34,807,626|35,322,605| |Capital introduced||||||47,235||47,235| |Additions to investments||||||(2,679,821)|2,679,821|| |Disposal proceeds||||||2,710,941|(2,710,941)|| |Management|fees|||||(145,810)||(145,810)| |Gains on investments|||||||2,401,007|2,401,007| |||||||447,524|37,177,513|37,625,037| ||||||||2022|2021| |investment|portfolio consists of:||||||f|| |Equities|||||||27,480,548|26,430,547| |Fixed interest securities|||||||4,948,111|4,840,318| |Alternative|investments||||||4,748,855|3,536,761| |Cash|||||||447,523|514,979| |Total|||||||37,625,037|35,322,605| ## |. Analysis
ofcurrent and n|onwurren|t
assets||||| |---|---|---|---|---|---|---| |||||2022||2021| |||||Charity &||Charity &| |Debtors under 1year;|||Group
E|Trust
f|Group
f|Trust
f| |Prepayments
and accrued income|||122,239|122,239|86,121|86,121| |Trade debtors|||32,977|32,977||| |Sundry debtors - Newfound|Farm|||||| |sale proceeds|||2,807,234|2,807,234|2,807,234|2,807,234| |Cash at Bank|||4,538,644|4,538,644|4,912,426|4,912,426| ||||7,501,094|7,501,094|7,805,781|7,805,781| |Debtors over 1year:||||||| |Sundry debtors - Newfound|Farm|||||| |sale proceeds||||||| |. Analysis of current and lonQMrm||liabilities||||| |||||2022||2021| |||||Charity &||Charity &| ||||Group|Trust|Group|Trust| |Creditors under 1year:|||E|f|f|f| |Trade creditors|||49,933|49,933|31,285|31,285| |Sundry creditors —Newfound|Farm|||||| |disposal costs|||401,700|401,700|161,655|161,655| |Tax and social security|||2,621|2,621|2,927|2,927| |Committed
grants|||1,028,688|1,028,688|1,034,325|1,034,325| |Other accruals and deferred|income||44,575|44,575|105,556|105,556| ||||1,527,517|1,527,517|1,335,748|1,335,748| |Creditors over 1year:||||||| |Committed
grants|||2,302,143|2,302,143|2,814,092|2,814,092| |Other accruals and deferred|income||2,302,143|2,301,143|2,814,092|2,814,092| ## |urn
on i|nve|stments.||
|| |---|---|---|---|---|---| |||||2022|2021| |||||f|f| |Deferred|income b/f|||26,029|30,099| |Transferred||to income||(26,029)|(30,099)| |Deferred|in|year {Earlham institute|advance rent invoiced)|26,029|26,029| |Deferred|income c/f|||26,029|26,029| ## ## |roup and Charity analysis ofnet|assets||| |---|---|---|---| ||Unrestricted|Endowment|| |Year ended 31March 2022|fund|Fund|Total| |Tangible fixed assets|3,742,471|1,244,700|4,987,171| |Investments|5,625,746|32,832,291|38,458,037| |Debtors due in 1year|155,216|2,807,234|2,962,450| |Debtors due after 1year|||| |Cash at bank|830,476|3,708,168|4,538,644| |Creditors due in 1year|(1,125,817)|(401,700)|(1,527,517)| |Creditors due after 1year|(2,302,143)||(2,302,143)| ||6,925,949|40,190,693|47,116,642| ||Unrestricted|Endowment|| |---|---|---|---| |Year ended 31March 2021|fund|Fund|Total| |Tangible fixed assets|4,005,994|1,319,300|5,325,294| |Investments|5,198,505|30,957,100|36,155,605| |Debtors due in 1year|86,121|2,807,234|2,893,355| |Debtors due after 1year|||| |Cash at bank|1,117,369|3,795,057|4,912,426| |Creditors due in 1year|(1,111,553)|(224,195)|(1,335,748)| |Creditors due after 1year|(2,814,092)||(2,814,092)| ||6,482,344|38,654,496|45,136,840| |14.|Group and|Charity aggregated|analysis of|charitable funds|||| |---|---|---|---|---|---|---|---| |||||||Other|| |||||||recognised|| |||Bal B/fwd|Income|Expenditure|Gains/Losses|losses|Fund C/fwd| |||E|E|E|E||| |Endowment|funds|38,654,496|47,285|(225,647)|1,953,333|(238,774)|40,190,693| |Unrestricted|funds|6,482,344|1,095,867|(1,099,936)|447,674||6,925,949| |Total||45,136,S40|1,143,152|(1,325,583)|2,401,007|(238,774)|47,116,642| ## ## ## ## ##