2020-12-31-accounts - The Scott Bader Commonwealth Limited

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Company	Company	registration	registration	496082
Chanty	registered		numl&er.	206391
Registered		office		The Scott Bader	Commonwealth	Linuted
				Wollaston Hall
				Wollaston
				Wellingborough
				Northamptonshire
				NN29 7RL
Chanty	Trustees			Roben Gibson
				Andrew Bell
				Agne Bengtsson
				David Black
				Jessica Clark
				Heather Davison
				David klams
				Hansi Manmng
				Paul Snuth
Secretarv				Hayley Sutherland
Solicitors				Shoosmiths
				The Lakes
				Northampton
				NN4 7SH
Bankers				Unity Trust Bank Pic
				4 fhe Square
				111Broad Street
				Birmingham
				Bl5 IAR
				CAP Bank Limited
				25 Kings Hill Avenue
				Kings Hill
				West Malhng
				Kent
				ME 194JQ
				Scottish Widow~
				PO Box 883
				LEEDS LSI 9TY
Auditor				RSM UK Audit I.LP
				The Pinnacle
				170Midsummer	Boulevard
				Milton Keynes
				Buckinghamshire
				MK9 IBP

LVDEX		PAGE
Report ofthe Trustees		2-13
Trustees' Responsibilities Statement		14
Independent Auditor*s Report		I5-16
Group and Charity statements offinancial	activities	17
Group and Charity balance sheets		18
Group cash flow statement
Notes to the financial statements		20-48

Euatgl Cuasumptlon	Lacatfan Based kgarkat Baaed	Lacatfan Based kgarkat Baaed	Lacatfan Based kgarkat Baaed
Non-Receivable (GJ) Renewable (GJ)	$6,947 160		61,504 25,603	194,579 L970		152.723 44I'6
Total (GJ)		87,107			197~9
Green House Gas Emiasions	Location Baaeg hgarkat Based			Laeadau Based		hgarkat Based
Sc e I - k(anufactunna (TsC02e)	3.190		3,190	7.1$6		7,1$6
I - Vehicles (TeC02c)			Jfoivak io iaru	srvc or '020
Sc I (TeC02e)	1,64S			3,964		I,S03
Total (TsC02e)	4,S38		3190	11,150		83)$9
Intensity Factors	SBVK(incl		CL)
Energy lnlelult) Carbon Intensity MJ Tof oduct GJ full tune loves LIJ f000's reveaus I'te CO.s Iofproduct TeCGc fug tune emplosee kee CO e f00(rs mvenue		2,44 0 30$.9 1,307 3 1359			1,593.0 2S4 1,005 4 $9.9 161 56

					Group	Group	Charity	Charity
					2020	2019	2020	2019
				Notes	f'000	f'000	f'000	f'000
Income from:
Other trading activities:
Commercial trading operanons					197,342	218,386
Donation							795	340
Rental income					21		24
				4	197,363	218,386	819	340
lnvestinent mcome				5	253	534	4	3
Total income					197,616	2(8,920	823	343
Expenditure on:
Raising funds:
Commercial trading	operations			6	(184)600)	(211,167)
Charitable activities				9	(259)	(241)	(330)	(337)
Total expenditure					(184,859)	(2)1,408)	(330)	(337)
Net inconie exduding joint venture income					12,757	7,512	493	6
Share ofnet income	from )oint ventures				188	186
Net income before	tax for	the financial year			12,945	7,698	493	6
Tax payable				10	233	l,)95
Net income					13,178	6,503	493	6
Other recognised gains / (losses)i
Actuarial gain/(loss) on defined benetit pension Change m value ofhedging instrument				22	4,018 14	(902) 2
Currency translation differences Deferred tax on other recogmsed			gams and losses	(358) ~756		(1,686) l66
Net movement in funds					16,096	4,083	493	6
Total funds brought	forward			24	91,158	87,075	1,390	1.384
Total funds carried	forward			24	107,254	91,158	1,883	),390

					Group		Charity	Charity
					2020	2019	2020	2019
				Notes
					g'000	K*OOO	6 000	f	000
Fixed assets
Intangible fixed assets Tangible fixed a~sets Investment property				12 13 15	418 41,615 525	293 40,658 52.I	525		525
Interests in joint ventures				14/15	615	581
					43,173	42.057	525		525
Current assets
Stocks				le	19,843	18.162
Debtors				17	40,531	39.810	1,135		709
Cash at bank and in	hand				40,665	27,666	265		186
					101,039	85.638	1,400		895
Current liabilities
Creditors amounts	falling due		within one year	18	43,438	37.060	42		30
Net current assets					57,601	48,578	1,358		865
Total assets less current liabilities					100,774	90,635	1,883		1,390
Creditors amoums	fallmg due		after uiore than one year	19	1,993	2,311
Provisions				21	6,735	7,355
					8,728	9.eee
Nct assets excluding		pension	asset		92,046	80,969	1,883		1,390
Pension asset				22	15,208	10,189
Net assets					107,254	91,158	1,883		1,390
Reserves:
General reserve funds
Unrestncted income		funds		24	106,722	90,563	1/66		873
Designated funds Revaluation reserve				24	532	595	517		517
					107,254	91.158	1,883		1,390

		2020		2019
	f'000	f.'000	f'000	f'000
Net cash provided by operating activities		19,622		17,320
Taxation paid		(514)		(1,110)
Net cash generated from operating activities		19,108		16,210
Cash flows from investing activities
Purchase oftangible assets Purchase ofintangible assets Proceeds from disposals oftangible assets Proceeds from sale ofintangible assets	(5,681) (208) 43		(4,857) (5) (30)
Dividends received from joint ventures	56		44
interest received	41		101
Net casli used in investing activities		(5~749)		(4,747)
Cash iloivs front financing activities
Receipts from bank loan facilities	51
Repayment ofobligations under finance leases Repayment ofbank loans interest paid	(451) ~95		(5) (349) ~86
Net cash used in iinancing activities		(495)		(440)
Net increase in cash and cash equivalents Effect ofexchange rates on cash and cash equivalents Cash and cash equivalents at the beginning ofthe year		12,864 135 27,666		11,023 (404) 17,048
Cash snd cash equivalents at tbe end oftbe year		40,665		27,666
Cash and cash equivalents consist of:
Cash at bank and in hand		40,665		27,666
Cash snd cash equivalents st the end oftbe year		40,665		27,666

ANAI.YSISOF TOTAL INCOME
						Group		Chanty
						2020	2019	2020	2019
				Note		f.'000	f.'000	f'000	F000
External turnover ofScott Bader Company		Limited and its subsidianes				196,700	218,295
Other operating income ofScott Bader Company Government grants*			Limited and subsidiaries			642	91
Rental income						21	139	24
Investment income					5	253	395	4	3
Donation fiom Scott Bader Company	Limited							795	340
						197,616	218,920	823	343

INVESTMFNT IiNCOME
						Group		Chanty
					2020		2019	2020	2019
					8'000		f'000	8'000	f'000
Interest receivable and similar income					253		395	4	3
					253		395
ANALYSIS OF TOTAL RKSOIIRCES			EXPENDED
						Group		Chaniy
					2020		2019	2020	2019
					gr000		f.'000	8'000	I,'000
Staffcosts (mcluding related costs)					37,656		37,039
Other trading costs					146,944		174,128
					184,600		211,167
NET INCOMING RESOURCES
								Group
								2020	2019
Net incoming resources is stated after charging				or (crediting)	the following		items:	8'000	I'000
Research and development								3,250	3,249
(Prolit)/Loss on disposal oftangible Impairment oftrade receivables		assets						(9) (42)	131 422
Impaument ofmventory Operating lease charges Foreign exchange (gain)/loss								21 1,377 (43)	(23) 1,046 892
Auditors' remuneration:
Fees payable to the Charity's: for the audit ofthe Charity's	financial		statements					20	45
for the audit ofthe Charity's	subsidiaries							178	105
Fees payable to other component Other non-audit fees		auditors	for	the audit ofthe Charity's		subsidianes		21	10 4

INTEREST AND SIMILAR ITEMS
Interest payable and similar charges:					Note	2020	2019
						f'000	f'000
Interest expense on bank loans and overdrafts						92	99
Interest expense on other loans						4	2
Total interest expense on financial liabilities		not measured	at fair value through	profit/
loss						96	101
Net interest expense ou post-employment	benefits				22		294
Total interest payable and similar charges						96	395

		2020	2019
		f.'000	f'000
Commonwealth Community Hardship Fund
f1,300 —Action In Africa —Providmg COVID-19 PPF. equipment and a radio campaign to educate about COVID-19 tn Nyaishozi in the Kagera distnct ofTanzama f1,000 —African
Children's Fund —To fund care packages includmg food and sanitary supplies for families in the Thika Community m Kenya; f2,607 —Aid Africa —To fund 7.5 tonnes ofmaize providmg food		96.9
for 100famihes in Malawi; f1,000 - Changing Life Organisation —To provide a COVID-19
education programme in Georgedale and Hammarsdale, South Africa.:f3,859 —Concera
Worldwide —To support the long-term socio economic recovery from COVID-19 in Central African Republic. reaclung 1,700 individuals through cash for v,ork activities; f3,000 —Daylight
Centre Fellowship —Supports Northamptonshire emergency food aid project with 3000meals.
f5,058 —Edukaid —To fund the materials for construction of6 permanent handwashing stations
in schools in Tanzania: f4,925—Family Support Link, Northamptonshire - To fund a support
nurse for 7.5 hours a week for families who have a loved one with dnig and alcohol issues;
f10,000 —Frank Water Projects - WASH protect m india, f7,4'95—Feeding America-
Providing food for vulnerable people. ;f4,374- Hope ForJustice —Rehabihtation programme	for
sex tratyickmg victims; f5,250 - Karen Hilltribes Trust- Provide meals for marginahsed children in Thailand. ;f5,605 - Kids Out- Fundmg toy boxes and food vouchers for victims of domestic violence. ;f5,000- Livingstone Tanzania Trust - WASH protect m Tanzania. ;f3,900- Mskhad Trust- Fund solar powered well pumps in Egypt„ f4,000 - Phoenix Foundation— Supporting homeless people to return to mainstream society. ;f4,000 - Practical Tools Initiative- Providmg niobility aids, tools and food to vulnerable famihes. ;f4,000 —Rushden MIND, in Northamptonshire —Supporting Speak Vp project.;f5,000-Taste- WASH project. ; f2,000—
Trust for Rehabilitation ofParslysed —Supporting vulnerable and disabled people in
Bangladesh dunng COVID-19» f9,510 —Wollaston School, Northamptonsbire —Providmg
laptop» for remote leammg —f4,000 —Thanda UK —Providing nutnent-den»e food parcels on
South Coast of Kwazulu-Natal
UK
Donations via VK Nommauon Scheme -v'hereby colleagues nominate a charity ofthem choice		14.0	36.2
to receive a donation
Small donations to support small local charities with their fund-raising activities		0.4	1.2
f4,600- Acorn Earl& Years Foundation, Northamptonshire —Support outdoor classroom
development for pre-»»bool m Northmnptonshue; f4,000 —East Nortbants Community Services, Northamptonshire - Refurbisluuent ofthe night shelter in Rushden; f3,400—		38.1	8.3
Northampton Saints Foundation —To fund the kit for the Engage programme working with
children struggling to stay in mamsueam education; f1,200- Nortbsmptonshire Association	for
tbe Blind, Northamptonshire —providmg Hi-Viz jackets and beanie hats to support partially
sighted people across Northants who have been isolated due to COVID-19; f4,000—Oakfield Easton Msudit, Northamptonshire - Supporting adults with learning difficulties; f4$75-
Serve —Funding towards a bcfnending service; f3,650-Stand Against Violencc - Funded 43
violence prevention workshop» m Northamptonshirez f2,450- Stand Out Northamptonshire- Support deliverance of70 mtervention sessions for looked after children and care leaversz f1,500
- Tall Ships Youth Trust, Nortbamptonshire —To fund 10vulnerable young people to sail and learn life skills. ,f3,724- The Lewis Foundation, Northsmptonshire -Providing 6 months of care packages to adult cancer patients m Kettenng and Northampton hospitals. ;f4,000- The
Lowdown, Northamptou —To fund a sexual health nurse 1 day a week for young people m
Northamptonshire„ f1,200- Wildlife Trust BCN —To fund PPE and consumables for Nene
Wetlands project.
DUBLIN		33	14
f3,300-Barnardo's - Funding towards then essential everyday food and support programme
1'rom their Mulhuddart Centre

FRANCE
Small donations to support small local chanties. f5435-Senegal -Towards access to education for children; f2 000 - Les Restaurants de	Coeur-	1.0 200	1.0 159
Providing food for vulnerable people, f4,450 - Relais Social- Provide workshops to help overcome isolation; f2,500-Secours Populaire —Providing fresh food for the vulnerable	m
Amiens; f5,615 —La Bonne Case —To fund construction ofa pig-sty at an orphanage in
Cameroon to provide food.
CROATIA
f2,934-International Association ofNatural Health - to support children with psychophysical
disabilities with natural remedies. f4,680 —Mali Zmaj —- funding for children offamilies
registered with the chanty to pay for school trips. ;f4,6BO —Udruga Jak kao Jakov —To support		14.3	13.0
children suffering with malignani diseases and their socially depnved families, f2,000- Udruga
Za Promicanje Kvalitete Zivota —Pilatesom DoBoljeg Zdravlja —equipment needed for
Pilaies based exercises for people with MS.
SOUTH AFRICA
f1,500-Barney and Friends Early Childhood Development -Towards the costs ofrenovating the outside sheher, paving and toilets; f2,000 —Christel House SA —To fund appropriate
hygiene measures being put mto place in a school m Cape Town. ;f1,500- Food Forward	SA-
Towards the general running costs ofthe Charity that addresses widespread hunger in SA.; f1,300- Global Vision International —Providing reusable sanitary pads. f2,000-Hammarsdale and Cato Ridge Development Programme —Raismg the profile of		15.3	14.1
Small medium and micro enterprises on the Cato Ridge
f1,500- Khulani Creche —renovation ofthe buildmg and toilets
f1,500- Siyabanakekla Creche - towards extending classrooms and purchasing equipment. f2,000-The Love Ones ofGod Family Care Centre —developmg the central kitchen
f2,000-Wings ofInspiration —Providing school uniform, stationery, and food parcels for
disadvantaged famihes
DIJBAI
f2,160 —Help In Need - providing a safe and secure learning envuonmcnt; f2,160 —hLAAN
Education Health and Development —Supporting the reopening ofpublic schools after
COVID-19; f2,160 —Naya madam —Buildmg sustainable prosthetic limbs and providing them to vulnerable people; f2,160—Rainbow Centre Sri Lanka —Extending the dining Hall; f2,160		15.1	13.5
—Read Foundation —Providing books and equipment for the library; f2,160-Ruchika Social Service- Setting up techno-based skilling for slum youths, ;f2,160-SOS Child rens Village-
Supportmg chddren who have lost a parent
SWEDEict		3.1	0.7
f3,100 - Barncancerfonden providing children with cancer a Chnstmas gift
CZECH REPUBLIC
f1,000 —Help pea Centrum - towards trainmg an assistance dog; f900-Nadace Jedlickova
ustavu - Barrier Free Transport project for children in wheelchairs to school; fl,600-Czech
Blind United- operational costs for blind and partially sighted people		3.5	0.9
SPAIN
f2,450 —Hospital Universitari de Bellvitge —providing PPE during COVlD pandemic		2.5	0.4
GERMANY
f2,200 —Doctors Without Borders- Providing global and humanitanan aid		22	0.4

CHINA	CHINA	CHINA
84,700 Shanghai Charity Foundation			—Art therapy for autistic children							4.7	l.4
USA										5.2	3.0
82,970 a nommation scheme smiilar		to	the one in the UK operates for		the people in Ohio			the
remaining 52,230 was divided between			local foodbanks
CANADA
Shared equally between 5 charities		- Foundation de la Tables Populaire-				Providing	meals		for
the disadvantaged in Drummondville;			Foundation Rene Verrier- Towards			miproving
healthcare and palhative care services m video capsules promotmg education and				Drummondville; Foundation LeTremplin- Providmg healthy lifestyles, Centre d'eeoute et de prevention au						6.7	4.6
suicide- Towards a marketing campaign				to decrease mental health issues m		Drummonville,
Comptior Alimentare —Towards	adding			resource to reach more beneficiaries to alleviate				hunger
in Drununondville.
President's Fund
f5,000 to the Victoria Centre, Well mgborough, f500 to the Daylight Centre, The remaining f2.000 was spht equally between Bolivian Quaker education						Weihngborough fund, British				7.5	7.5
Pugwash Group, Peacechild International,				Positive News Trust, Quaker Peace and Social
Witness, Quaker Homeless Action,		Ohandi Foundation and Wollaston			Hentage Society
Restricted Fund
Prior Year Grants
Livingstone Tanzania Trust											250
Send a Cine											25.0
1ASTI:.											250
Ace Africa											25.0
Small mternauonal grants											12.3
Total direct chantable expenditure										253.8	235.8
Oovernance cost										5.0	5 0
1otal direct chantable expenditure										258.8	240.8
The audit fees ofthe Charity itself	are		paid by Scott Bader Company		Limited.

a) Tax expense included	a) Tax expense included		in profit or loss	in profit or loss	in profit or loss		2020	2019
							f'000	f'000
Current iax
—UK Corporation tax	on		profits for the year				602	243
—Foreign corporation	tax		on	profits for the year			1,325	628
—Adjustment in respect		ofpoor periods					(1,671)	72
Group current tax							256	943
Share ofjoint ventures'	current			tax				54
Total current tax							256	997
Deferred tax:
—Origination and reversal			of	timmg differences			(340)	248
—Adjustment in respect		ofprior periods					(149)	4
Group and total deferred		tax					(489)	252
Group current tax							256	943
Group deferred tax Group tax on profit on		ordinary			activities		(489) ~233	252 1,195
b) Tax expense included		in other			comprehensive	income	2020	2019
							f'000	f'000
Deferred tax:
—Origination and reversal		oftiming			differences		(756)	166
Total tax expense mcluded			in	other comprehensive		mcome	756	166

(c) Reconciliation oftax charge	(c) Reconciliation oftax charge
The tax assessed for the year is lower (2019:lower) than		the standard			rate ofcorporation	2020	20]9
tax in the UK 19%(2019:19%). The differences	are explamed		below
							f*000
Total net income before tax for the fmancial year						12,945
Profit on ordinary activities at standard rate ofcorporation		taxanon		in	the UK: 19%(2019.	2,460	1,463
19%)
Effects of
Foreign subsidiary profits within zero iax rate regime						(1,013)	(1,086)
Other adjustmeots in respect offoreign tax rates						394	136
Expenses I(income) not deductible for tax purposes						1	221
Unrecognised deferred tax						(280)	426
Withholdmg tax suffered						7	1
Group Relief (UK only)							(16)
Pnor year adjustment						(1,802)	50
Group tax on profit on ordinary activitie~.						(233)	1,195

he Conuuonwealt	h does	not employ	any staff. T	he staff costs ofSBCLare detailed below:
					2020	2019
					g'000	f 000
Wages and salanes					24,446	24,742
Staff bonuses					3,288	2,683
Orher staff benefits					2,993	3,153
Social security	costs				3,465	3,443
Pension costs -	payments	to deiined	contribution	schemes	1,906	1,919
Other retirement	provisions				403	182
Redundancy					1,155	917
					37656	37,039

with the amount recetv	ed noted below for their period as Trustee;
		2020	2019
		g'000	f.'000
Basic Salary		154	114
Pension contributions	and other benefits	34	22
Bonuses		12	5
		200	141

The eniployee benefits ofkey	The eniployee benefits ofkey	management	management	personnel ofthe	Group were E1,770k	Group were E1,770k	(2019:E2,509k).This includes	(2019:E2,509k).This includes	(2019:E2,509k).This includes	(2019:E2,509k).This includes
SBCLdirectors' remuneration.		Key management		personnel	are defined	by theu involvement		within	the Group
Leadership Team (GLT) and		therefore	involved	in day to day decision making of			the group	strategy.
The number ofemployees	whose total		employee	benefits exceeded E60,000dunng			the year	for the charitable		group
was:
							2020			2019
							Number		Number
f60.001 —f70,000								34		32
E70,001 - f80,000								21		23
f80,001 - E90,000								12		13
E90,001 —f100,000								15		12
E.100,001 - f110,000								7		13
f110,001 - E120,000								11		10
E120,001 - f.130,000								4		6
E130,001 - E140,000								3		3
f.140,001 —E150,000								2		I
E150,001 - f160,000										3
f160,001 - E170,000										2
E170,001 —f180,000										I
f190,001 - E200,000										2
E200,001 —f210,000										I
E210,00] - E220,000										I
E250,001 - f260,000
f260,001 —f270,000
f280,001 - f290,000
E290,001 —E300,000
f320,00! - f330,000
f360,001 - f370,000

							115k	li2r
The average	number of	persons employed	during	the penod by geographical		area
was as follows:							2020	2019
							Number	Number
UK and Eire							289	310
Contmental Europe							198	191
Rest ofWorld							207	197
							694	698
The average	number ofpersons employed		by the	Group by activity	was as follows.		2020	2019
							Number	Number
Administration							82	96
Research &Development		v					47	86
Manufacturing	&Distribution						437	405
Sales &Marketing							128	111
							694	698

NTANGIBLE FIXED AS	SE	TS
Group					Good&a dl 6'000	Technology 6*000	Total f'000
Cost at I Jan 2020					1,355	959	2.314
Additions					101	107	208
Cost at 31 Dec 2020					1,456	1,066	2,522
Accumulated Amortisation	at	1 Jan 2020			1,067	959	2,021
Charge for the year					83		83
At 31Dec 2020					1,145	959	2&104
Net book value
At 31Dec 2020					311	107	418
At 31 Dec 2019					293		293
TANGIBLE FIXED A,SSKTS
			Land and	Buildings
Group			Freehold I'000	Short leasehold f.'000	Plant and equipment I'000	Iv1otor vehicles f'000	Total f*000
Cost or valuation:
At 1 Jan 2020			33,392	4496	76,537	571	114,896
Additions			1,187	418	4,208	62	5,875
Disposals				(2)	(15)	(153)	(170)
Difference on exchange				(131)	858	(4)	1,411
At 31 Dec 2020			~35 267	~4681	~81 588	476	~122012
Accumulated Depreciation;
At 1 Jan 2020			16,873	2,307	54,634	424	74,238
Charge for the year			1,020	223	4.039	45	5,327
Disposals						(137)	(137)
Difference on exchange			392	(83)	666	(6)	969
At 31 Dec 2020			~18 285	2,447	~59 339	326	80,397
Net book value
At 31Dec 2020			~16 982	~2234	~22 249	150	41615
At 31Dec 2019			16,519	2,089	~21 903	147	40,658

Company	Company				Country	of		Company		Nature of		Registered OIBce
					incorporation		aud	Registration		Business
					principal	country		Number
					ofoperation
Scott	Bader		UK		Great Britain			4562724		Manufacturer	of	Wollaston Hall, Wollaston,
Limited										rmins		Welhagborough, Northants,	NN29 7RL
Scot( Bader			SAS		France			631 720497		Manufacturer	of	65 Rue Sully, 80000 Amiens
										resins
Scott	Bader		Middle		Unitcxl Arab			States ofJersey		Manufacture	of	One The Esplanade, St Holier. Jersey, JE
East Ltd					Emirates			Registrauon	Noz	r'os I nb		3QA, Channel Islands
(Incorporated				in				55367
Jersey)'								JAFZA:
								Registration	No.
								173909
Scott	Bader		d	o.o.i	Croatia			80008643		Manufacture	of	Radnmka cesta 173i. 10000Zagreb
										Ieslns
Scon	Bader		(Pty)		South Africa			199300046607		IVlanufacture	of	I Lubex Road, PO Box 1539,Hillcrest
Ltd'										resins		3650, Hammarsdale, lcwazulu	Natal,
												South Africa
Scott	Bader		ATC		Canada			1168859909		Manufacturer	of	2400, Canadien Street ¹303,
Inc.										adhesives		Drummondville (Qc), J2C 7%3,Canada
Scott	Bader				Sweden			556399-5322		Distributor of		BOX202, 31123Falkenberg
Scandinavia			AB							resins
Scott	Bader Eastern				Czech Republic			250 45 580		Distributor of		Evropska 2588/33a, Delvice,	16000
Euro	e'									resins		Praha 6
Scott	Bader	Iberica			Spain			ESB62948450		Distributor of		Avda. Corts Catalanes, 8,08173Sant
SLi								Tolllo		resins		Cugat del Valles-Barcelona
								34949/Folio 0202
Scott	Bader	Inc i			USA			2310546		Distributor of		Registered Agent Solutions, Inc.,9E.
										resins		Loockerman Street, Suite 311,Dover, DE
												19901
Scott Badcr					China			91310000664387		Distributor of		Room2402. Hitch Palza 488 Wuniog
(Shanghai)		Trading						9063		resins		Road(South) Shanghai Chma
Com	an Ltd

Scott Bader Japan	Scott Bader Japan	Japan	3020001128001	Distributor	of	Nisso Bldg¹18, Expon Office¹708, 3-7-	Nisso Bldg¹18, Expon Office¹708, 3-7-	Nisso Bldg¹18, Expon Office¹708, 3-7-
KK				resins		18.Shin-Yokohama, Kohoku-ku,
						Yokohama, Kaagawa, Japan
Synthetic	Resins	Great Brirain	282663	Intermediate		Wollaston Hall, Wollaston,
L&mlted				holding		Wellingborough. Northants.	NN29 7IIL
				co&n a&i
Boldhelp	Limited	Great Britain	3793984	Intermediate		Wollaston Hall, Wollsston,
				holding		Wellingborough, Northants,	NN29 7RL
				corn an
Scutt Bader Brazil		Great Britam	8549866	Intermediate		9'ollaston Hall, Wollaston,
I imited				holding		Weilingborough, Nonhants,	NN29 7RI.
				com an
Scott Bader North		USA	2310544	intermediate		Registered Agent Solutions,	Inc, t&E.
Ame&ica	Inc'			holding		Loockennan Street, Suite 311,		Dover, DE
				con&pan)'		19901
Scon Bader		Great Bntam	01282834	Corporate		Wollastun Hall, Wollaston,
Cnmmumty Fund				trustee		Wellingborough, Nonhants,	NNi29 7RL
Trustee	Liniited
Scott Bader		Australia	640312170	Distnbutor	of	P.O.Box 1124
Australia	Pty Ltd'			resins		Bibra Lake, Western Austraha		o965
						Australia
' held by Synthetic		Resins Limited, ' held by Boldhelp I.imited, ' held by Scott				Bader North America inc

Company		Country of		Company	Nature of	Registered Oflfce	Registered Oflfce
		iileorpot'ation	and	Registration	Business
		priacipal country		Number
		ofoperation
Polymer	Mimetics	Great Britain		12598928	Research	Woll aston Haft,	Wollaston,
L&liuted						Wellingboroug,	Northants,	NN29 7RL

			Country ofincorporation	Country ofincorporation	Registered Oflice	Registered Oflice
			aad principal	country of
			operation
Novascott (2u&n&icos	Especiahdades Ttda (JV) '		Brazil		Rodovia Tabs)ara,	Gobemador Mario Covas, no 600,asia 48, Lote Ser&a do Anil, CEP 29.!47-030, C&ty of
					Cariacisa/ES, Brazil
Satyen Scan Radar		LLP (JV)	India		307, A-7	Industrial		Premises G K Marg, Lower Parol
previously	Satyen Scon Bader				Mumbsi	Mumbai	City MH 400013 IN
Private Limited


~sh iCh								2020	2019
A summary ofthe results ofthe subsidianes				is shown	below.
								f'000	F000
Turnover								196,496	218,294
Other operatmg mcome								905		257
Duect and mdirect overheads								(185,293)	(21l,358)
Group operatmg profit								12.108		7,193
Profit on sale ofintangible	fixed		assets
Share ofoperating profit/ (loss) in jomt ventures								188		186
Total operating profit: group and			share ofjoint ventures					12.296		7,379
Interest receivable and similar mcome Interest payable and similar charges								253 ~96	395 ~83
Profit before taxation on ordinary			activitie~					12,453		7,691
Taxauon on profit on ordinary		activities						233	(1,195)
Profit for the finanmal year								12,686		6,496
A summary ofthe 2020 results		ofthe key subsidiaries			is shown	SBUK		SBSAS SBME
below:
						f'000		f'000	f'000
Total Net Assets						43,301		13,432	23897
Gross Turnover						66,818		46,146	45,135
Profit for the financial year						4,081		2,013	5336
INVFSThIENTS
						Group			Group	and
						Joint			Charity
						Ventures			Investment Property
						2020		2019	2020	2019
						f'000		E'000	f'000	f'000
Balance at I January						581		505	525	525
Share ofprofits retained						188		186
Dividend received Difference on foreign exchange						(56) ~98	(44) ~66
Balance at 31December						615		581	525	525

GROL'P	STO	CKS
			2020	2019
			f'000	f'000
Raw matenals		and consumables	7,240	6,603
Fuushed	goods	mid goods for resale	12,603	11,559
			19,843	18,162

DEBTORS
			C&roup		Charity
			2020	2019	2020	2019
			8'000	f'000	f'000	f'000
Trade debtors			37,218	36,737
Amounts owed		by group undertakmgs			1,135	709
Corporation	tax recoverable		472	396
Other taxation		recoverable	448	418
Other debtors			1,152	932
Prepayments	and accrued mcome		1,241	1,327
			~40 531	39,810	l&135	709

CREDITORS: AMO	UNT	S	FALLING DUE WITHIN	ONF. YFAR
					Group	Charity
				2020	2019	2020	2019
				E'000	E'000	E'000	I*000
Bank loans				596	554
Bank and other borrowings			(note 20)	596	554
Trade creditors				31,537	26,316
Amounts owed to group undertakings						41	29
Bills ofexchange payable				229	334
Corporation tax				251	409
Other taxation and social secunty				2,025	1,543
Other creditors				633	508
Accruais and deferred	mcome			8,167	7,396
				43,438	37,060	42	30
CREDITORS: AMOUNTS			FALLIiNC DUE AFTER	MORE THAN ONE YEAR
					Group
					2020	2019
					E'000	E'000
Loans
Within one to two years					495	461
Within two to five years					1,112	1.164
in five years or more					284	570
					~1891	~2195
Derivative financial	instruments
In five years or more					102	116
					1,993	2,311
LOANS AND OTHER BORROWINGS
Loans repayable, included		within creditors, are analysed		as follows:
					Group
					2020	2019
					EOOO	E000
Due within one year	or on		demand
Bank Loans and overdrafts					596	554
Due after more than	one	year
Bank Loans and overdrafts					1,891	2,195
Total borrowings					2,487	2,749
Maturity offinancial	liabilities:
In one year or less, or	on demand				596	554
In more than one year,	but	not more than two years			495	461
In more than two years, but			not niore than five years		1,112	1,164
In more than five years					284	570
					2,487	2,749

							Group
							2020	2019
Details ofloans not	wholly repayable	within	five years are		as follows		f000	f000
EURIBOR venable	rate secured loans payable			in quarterly	mstalments	until July 2026	244	534
Loans with interest	payable over 60months						40	36
							284	570

Group				Permanent		Leaving	Retirement	Deferred
				Establishment	Enviromnental	Provisions	Benetiu	1ax	Total
				f'000	f'000	f:000	I'000	f'000	I'OOO
Atl January 2020				1,581	450	1,976	1,901	1.447	7,355
Foreign	exchange	impact				(59)	52	835	828
Aruounts and loss	charged account	to the profit		(1,331)	330	281	400	(600)	(920)
Amounts	used during		the year	(250)		(221)	(59)	2	(528)
At 31 December 2020					780	1,977	2,294	1,684	6,735

eferred tax	ation:
The deferred	tax liability	consists ofthe following		babilities	/ (assets):
						2020	2019
						f'000	f,'000
Excess ofcapital allowances			over depreciation			1,893	740
Short term timing differences						(884)	(782)
Revaluation	oftangible	assets				3	16
Post-employment benefits						1,732	1,732
Losses						(1,060)	(259)
						1,684	1,447

								2020	2019
Rates ofincrease m salsnes								n/a	iga
Rate ofincrease m 5%LPI	pensions		m	payment				3.20'/o	3 20%
Rate ofincrease m 56' LPI	pensions		with		3.5%underpin	in payment		3.80'/o	3.80'/o
Rate ofincrease in pensions	in defernient							2 20%	2 20'/o
Discount rate								I 15%	2.00'/o
Inflation assuniption								3.20%	3.20/'o
Assumed life expectancies	an retirement				at age 60:			2020	2019
								Years	Years
Retiring today							Males	26.6	26 5
							Females	29.1	28.9
Retinng in 10years							Males	27.2	27.1
							Females	29.9	297
Reconcdiation ofscheme assets and			liabihties				Assets	Liabilities	Total
							f'000	I'000	E'000
At I January 2020							150.713	140,524	10,189
Remeasurement gains! (losses)
- Fxperience gains an liabilities								3,329	3,329
- Changes to demographic	assumptions							2.961	2,961
- Actuarial gain								(18,787)	(18,787)
- Rerun& on plan assets excludmg		interest			income		16,515		16,515
Net remeasurement gams							16,515	(12,497)	4,018
Benefits paid							(6,633)	6,633
Employer contributions Interest income'(expense)							789 2.929	- ~2.747	789 212
At 31 December 2020							164,343	(149,135)	15,208
No amounts (2019;Nil) were mcluded				m	the cost ofassets.
								2020	2019
The fair values ofthe plan assets		were:						6'000	E'000
E4)uittes								11,197	14,569
Gi its and I.DI funds								119,400	103,698
Corporate Bonds								29,492	26,921
Cash & net current assets								4,254	1,525
								164,343	150,713

GROUP	GROUP			Revaluation	Linrestricted	Total
				reserve	income funds
				(Designated
				Fund)
				f000	f000	5000
At	1 January		2019	659	86,416	87,075
Net	movement		in funds		4,083	4.083
Revaluation		transfer		(64)	64
At	1 January		2020	595	90,563	91,158
Net	movement		m funds		16,096	16,096
Revaluation		transfer		(63)	63
At	31 December 2020			532	106,722	107,254

CHARITY		Revaluation	I;nrestricted	Total
		reserve	income funds
		f000	f000	8000
At I January	2019	517	867	1,384
Net movement	in funds
At I January	2020	517	873	1,390
Net movement	in funds		493	493
At 31 December 2020		517	1,366	1,883

al Reconciliation o	fnet	incoming reso	urces to net cash provid	ed by ope	rating activities
				2020	2019
				8'000	D000
Net Income for the financial		year		13,178	6,503
Interest payable				(253)	(395)
Interest receivable					83
Taxatlorl				(233)	1,195
Share ofoperatmg profii	m Joint ventures			(188)	(186)
Loss on disposal offixed	assets			9	131
Depreciation and amortisation				53410	5,072
Exchange difference				(699)	(7I2)
Contnbutions to UK defined		benefit pension	scheme	(789)	(630)
Movement m stocks				(1,683)	4,064
istlovernent decrease in debtors				(671)	6,461
Movement in creditors				6,299	(4,886)
Movement in provisions				(855)	620
Net cash provided by operating activities				19,622	17,320
b) Analysis ofchanges		in net debt
			At I January		Cash flows	At 31 December
Group			2020			2020
Cash and Equivalents:
Cash			27,666		12,999	40,665
Borrowings:
Borrowmgs —repayable Borrowings - repayable	within one year after one year		(554) ~2, 193		(42) 304	(596) ~2.992
			(2,749)		262	(2,487)
Net Cash			24,917		13.23	39	911

ofassets,	habilities	liabihties	were	recognised	at the acquisition
		AUD	$'000	GBP	f'000 *
Stock		694		392
Property,	Plant &Equipment	47		27
Long Service l,iabilities		~)3		L7)
		728		412
Freehold	Property	1 300		734
Total		2.028		1,146
Goodwill		176		101
Total		2 204		1r246