2021-03-31-accounts

					Page
Reference and administrative		details	ofthe Company,	its and advisers
Trustees' report					1-8
Independent	auditor's report	on the	financial statements		9-12
Consolidated	statement offinancial		activities		13
Consolidated	balance sheet				14-15
Company balance sheet					16-17
Consolidated	statement ofcash flows				18
Notes to the	financial statements				19-36

		Unrestricted	Total	Total
		funds	funds	funds
	Note	2021 f	2021f	2020f
Income from:
Donations and legacies		49,883	49,883
Charitable activities		49,828	49,828	110,251
Other trading activities				79,321
Investments		8,955,872	8,955,872	1,854,908
Total income		9,055,583	9,055,583	2,044,480
Expenditure on:
Raising funds		1,712,819	1,712,819	1,604,467
Charitable activities		7,299,151	7,299,151	458,471
Total expenditure		9,011,970	9,011,970	2,052,938
Net movement in funds before other recognised
gains		43,613	43,613	(18,458)
Other recognised gains:
Gains on revaluation offixed assets		19,609,600	19,609,600	15,395,745
Net movement in funds		19,653,213	19,653,213	15,377,287
Reconciliation offunds:
Total funds brought forward		44,265,458	44,265,458	28,888,171
Net movement in funds		19,653,213	19,653,213	15,377,287
Total funds carried forward		63,918,671	63,918,671	44,255,458

		CONSOLIDATED	BALANCE SHEET
		AS AT 31	MARCH 2021
			2021		2020
		Note	6
Fixed assets
Tangible assets		13	5,294,741		5,294,271
Investment property		14	54,854,800		37,980,000
			60,149,541		43,274,271
Current assets
Stocks		16	12,057	11,125
Debtors		17	7,193,084	369,671
Cash at bank and	in hand		6,384,452	1,419,428
			13,589,593	1,800,224
Creditors: amounts	falling due within	one
year		18	(7,200,438)	(577,874)
Net current assets			6,389,155		1,222,350
Total assets less	current liabilities		66,538,696		44,496,621
Creditors: amounts	falling due after	more
than one year		19	(2,620,025)		(231,163)
Total net assets			63,918,671		44,265,458
Charity funds
Restricted funds		21
Unrestricted funds		21	63,918,671		44,265,458
Total funds			63,918,671		44,265,458

		COMPANY	BALANCE SHEET
		AS AT 31 MARCH 2021
			2021		2020
		Note			5
Fixed assets
Tangible assets		13	5,282,164		5,278,531
Investments		15	10,000		10,000
Investment property		14	54,854,800		37,980,000
			60,146,964		43,268,531
Current assets
Stocks		16	9,863	8,931
Debtors		17	7,187,878	421,903
Cash at bank and	in hand		6,354,394	1,384,884
			13,552,135	1,815,718
Creditors: amounts		falling due within one
year		18	(7,184,198)	(570,573)
Net current assets			6,367,937		1,245,145
Total assets less	current liabilities		66,514,901		44,513,676
Creditors: amounts		falling due after more
than one year		19	(2,620,025)		(231,163)
Total net assets			63,894,876		44,282,513
Charity funds
Restricted funds		21
Unrestricted funds		21	63,894,876		44,282,513
Total funds			63,894,876		44,282,513

				2021	2020
				6
Cash flows from operating	activities
Net cash used in operating	activities			(7,205,909)	(47,574)
Cash flows from investing	activities
Purchase oftangible fixed assets				(19,413)	(45,899)
Proceeds from sale of investment properties				12,959,534
Purchase ofinvestment properties				(3,140,200)	(452,986)
Net cash provided by/(used in) investing			activities	9,799,921	(498,885)
Cash flows from financing	activities
Repayments of borrowing				(278,988)	(47,825)
New loans				2,650,000
Net cash provided by/(used in) financing			activities	2,371,012	(47,825)
Change in cash and cash	equivalents	in	the year	4,965,024	(594,384)
Cash and cash equivalents	at the beginning		ofthe year	1,419,428	2,013,812
Cash and cash equivalents	at the end	of	the year	6,384,452	1,419,428

			Unrestricted	Total	Total
			funds	funds	funds
			2021	2021	2020
			8	5	5
Covid support	grants		22,450	22,450
Corona virus	job retention	scheme income	27,433	27,433
			49,883	49,883

			Unrestricted	Total
			funds	funds
			2021	2021
				E
	Other income		49,828	49,828
			Unrestricted	Total
			funds	funds
			2020	2020
				8
	Other income		110,251	110,251
6.	Income from other trading	activities
	Income from fundraising	events

							Total
							funds
						Unrestricted	Total
						funds	funds
						2020 E	2020f
Income	from	wedding	and	corporate	events	T9,321	79,321

			Unrestricted	Total
			funds	funds
			2021	2021
			8	8
Rent and service charges from	investment	properties	1,870,565	1,870,565
Interest receivable			773	773
Profit on disposal of investment	property		7,084,534	7,084,534
			8,955,872	8,955,872
			Unrestricted	Total
			funds	funds
			2020 5	2020f
Rent and service charges from	investment	properties	1,846,194	1,846,194
Interest receivable			8,714	8,714
			1,854,908	1,854,908

								Unrestricted	Total
								funds	funds
								2021 6	2021f
Wedding,	conferencing			and		catering	costs	3,854	3,854
Property	manager		costs					119,563	119,563
Estate management			and		maintenance		costs	1,022,881	1,022,881
Overhead	and	administration				costs		550,741	550,741
Costs of	raising	voluntary			income - depreciation			15,780	15,780
								1,712,819	1,712,819

						Unrestricted	Totai
						funds	funds
						2020	2020f
Wedding,	conferencing		and	catering	costs	260	280
Property	manager	costs				82,479	82,479
Estate management		and	maintenance		costs	1,099,635	1,099,635
Overhead	and administration			costs		361,616	316,616
Depreciation						40,457	40,457
						1,604,467	1,604,467

				Unrestricted	Total
				funds	funds
				2021	2021
				2	2
Horticultural	Research Projects			7,000,108	7,000,108
Short course	expenditure			47,680	47,680
Estate management		and maintenance	costs	248,603	248,603
				7,296,391	7,296,391

						Unrestricted	Totai
						funds	funds
						2020	2020
	Horticultural	Research Projects				119,771	119,771
	Short course	expenditure				87,337	87,337
	Estate management		and maintenance		costs	251,363	251,363
						458,471	458,471
10.	Auditor's remuneration
						2021	2020
						2
	Fees payable	to the	Company's	auditor	for the audit of the Company's
	annual accounts					10,500	10,000
	Fees payable	to the	Company's	auditor	in respect of:
	Taxation compliance		services			1,700	1,500
11.	Staff costs

Staff costs
			Group	Group
			2021	2020
			2
Wages and	salaries		341,857	412,464
Social security costs			74,737	35,791
Contribution	to defined contribution	pension schemes	38,305	28,354
			454,899	476,609

			Group	Gr oup
			2021	2020
			No.	No.
Research	and	administration	17	19

Group	Group
2021	2020
No.	No.

	Freehold	Motor	Computer	Other fixed
	property	vehicles	equipment	assetsf	Total
Cost or valuation
At 1 April 2020	5,010,000	125,395	730,888	217,999	6„084,282
Additions			19,413		19,413
At 31 March 2021	5,010,000	125,395	750,301	217,999	6,103,695
Depreciation
At 1 April 2020		109,517	680,494		790,011
Charge for the year		3,970	14,973		18,943
At 31 March 2021		113,487	695,467		808,954
Net book value
At 31 March 2021	5,010,000	11,908	54,834	217,999	5,294,741
At 31March 2020	5,010,000	15,878	50,394	217,999	5,294,271

	Freehold	Motor	Computer	Other fixed
	propertyf	vehicles f	equipment f	assets f	Totalf
Cost or valuation
At 1 April 2020	5,010,000	102,619	347,602	217,999	5,678,220
Additions			19,413		19,413
At 31 March 2021	5,010,000	102,619	367,015	217,999	5,697,633
Depreciation
At 1 April 2020		86,740	312,949		399,689
Charge for the year		3,970	11,810		15,780
At 31 March 2021		90,710	324,759		415,469
Net book value
At 31 March 2021	5,010,000	11,909	42,256	217,999	5,282,164
At 31March 2020	5,010,000	15,879	34,653	217,999	5,278,531

	Freehold
	investment
	propertyf
Valuation
At 1 April 2020	37,980,000
Additions	3,140,200
Disposals	(5,875,000)
Surplus on revaluation	19,609,600
At 31 March 2021	54,854,800

	Freehold
	investment
	property
Valuation
At 1 April 2020	37,980,000
Additions	3,140,200
Disposals	(5,815,000)
Surplus on revaluation	19,609,600
At 31 March 2021	54,854,800

	Investments
	in
	subsidiary
	companies
Company	6
Cost or valuation
At 1 April 2020	10,000
At 31 March 2021	10,000
Net book value
At 31 March 2021	10,000
At 31March 2020	10,000

									Group	Group	Group	Company	Company	Company
										2021	2020		2021	2020
										6	6		6	6
	Bankloans								47,825		47,825		47,825	47,825
	Trade creditors								105,201		111,655		79,493	105,852
	Amounts	owed		to group undertakings									9,510
	Other taxation			and social security					28,496		21,620		28,496	20,347
	Other creditors								7,018,916		396,774	7,018,874		396,549
									7,200,438		577,874	7,184,198		570,573
	The bank		loan	is secured		on certain	freehold		property	of the	Trust. The	loan	is repayable	in monthly
	installments		up	to July 2021		and is charged		interest at a		rate of2.5%above		base	rate.
19.	Creditors:		Amounts		falling	due after	more than one year
									Group		Group	Company		Company
										2021	2020		2021	2020
													6
	Bank loans								2,620,025		231,163	2,620,025		231,163
20.	Financial		instruments
													Group	Group
													2021	2020
													6
	Financial		assets
	Financial	assets measured				at amortised	cost					13,577,536		1,789,099
													Group	Group
													2021 6	2020f
	Financial		liabilities
	Financial	liabilities measured				at amortised		cost				(9,792,587)		(787,417)

Statement	offunds - current ye	ar
							Balance at
		Balance at 1				Gains/	31 March
		April 2020 f	Income F	Expenditure	f	(Losses) f	2021 f
Unrestricted	funds
Unrestricted	funds	44,265,458	9,063,833	(9,020,220)		19,609,600	63,918,671
Unallocated	amounts		(8,250)	8,250
		44,265,458	9,055,583	(9,011,970)		19,609,600	63,918,671
Statement	offunds - prior year
							Balance at
		Balance at				Gains/	31March
		1April 2019f	income f	Expenditure	f	(Losses)	2020f
Unrestricted	funds
Unrestricted	funds	28,888,171	2,044,480	(2,052,938)		15,395,745	44,265,458

Analysis	ofnet assets between funds - current year
		Unrestricted	Total
		funds	funds
		2021f	2021f
Tangible fixed assets		5,294,741	5,294,741
Investment	property	54,854,800	54,854,800
Current assets		13,589,593	13,589,593
Creditors	due within one year	(7,200,438)	(7,200,438)
Creditors	due in more than one year	(2,620,025)	(2,620,025)
Total		63,918,671	63,918,671

Analysis		ofn	et assets between funds - prior year
				Unrestricted	Total
				funds	funds
				2020	2020
					6
Tangible	fixed		assets	5,294,271	5,294,271
Investment		property		37,980,000	37,980,000
Current	assets			1,800,224	1,800,224
Creditors		due within one year		(577,874)	(577,874)
Creditors		due	in more than one year	(231,183)	(231,183)
				44,255,458	44,265,458

											Group	Group
											2021	2020
											6
Net income/expenditure			for	the	year	(as	per	Statement	of	Financial
Activities)											43,613	(18,458)
Adjustments		for:
Depreciation		charges									18,943	12,020
Loss/(profit)		on the sale offixed assets									(7,084,534)
Increase	in	stocks									(932)	(1,198)
Increase	in	debtors									(6,823,413)	(127,280)
Increase	in	creditors									6,640,414	87,242
Net cash	used in operating			activities							(7,205,909)	(47,674)